LGE Design Build Completes U.S. Western Distribution Center for Airline Catering Supplier

LGE Design Build has completed construction on a new 300,000-square-foot U.S. Western warehouse and distribution center in Goodyear for Michael Lewis Company (MLCo). MLCo distributes food and catering supplies ranging from first-class gourmet meals and alcoholic beverages to hand towels and soap to major airlines such as American Airlines, United Airlines, Delta Air Lines, British…

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Local Developers Complete The Colony in Emerging Central Phoenix Restaurant District

Western Vertical Holdings, a company formed by Bob Agahi and David Sellers, has completed construction of The Colony, an adaptive re-use project located on 7th Street just north of Missouri Avenue in Phoenix. Tenants include Stock & Stable, an American gastropub with an Italian influence; Honor Amongst Thieves, a craft cocktail lounge; Pure Sushi, a…

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Alexsi Apartments sells for $890K across from Tower Plaza Shopping Center

With multifamily investments still thriving in the valley, Desert Commercial Advisors continues to represent sellers and buyers looking for low cap rates and viable investments.  SVN Vice-President and Investment Advisor, Danny Lee represented the seller, Seacret Forum Group of Companies in the sale transaction for $890,000.00.  Sheila Hunter with Thomas Title & Escrow Agency handled…

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Western Wealth Capital of Canada Buys Two Multifamily Properties for $34.96M Total

Western Wealth Capital, a Vancouver, Canada-based multi-unit rental property investment firm, recently purchased the 197-unit Arbors on 5th in Tempe for $21.3 million ($108,000 per unit) and the 148-unit Arcadia Walk in Phoenix for $13.66 million ($92,000 per unit). After closing on these back-to-back multifamily deals in two days, Western Wealth Capital now owns 23…

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Armed Forces Plaza in Scottsdale sells for $2.45M through 1031 Exchange

SVN, Desert Commercial Advisors is a full service brokerage known for their superior range of commercial brokerage services in Arizona.  Retail leasing and Business Broker, Michael Gaida proved that building relationships in this industry will always serve a greater purpose and contribute to the success of a client’s long term goal.  A relationship that began…

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NorthMarq Capital’s Phoenix office arranges acquisition financing of $13.2M for office portfolio in Phoenix

Luke Donahue, senior director of NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $13,200,000 for Missouri Commons and Pueblo Nuevo, office properties located in 1440 East Missouri Avenue and 301 East Bethany Home Road in Phoenix. The transaction was structured with a 3-year term. Central Phoenix Smiles, PIHMA Acupuncture and College Clinic represent Pueblo…

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NAI Horizon partners with Huntington University, City of Peoria to open 4-year, digital media arts school

From a day spa with lots of chandeliers and massage tables to a 30,000-square-foot, state-of-the-art liberal arts university, the transformation is complete at 8353 W. Mariners Way in Peoria, Ariz. Huntington University, the Arizona Center for Digital Media Arts, opens its doors in the West Valley on Aug. 29. School and city officials celebrated with…

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EverWest Kicks Off The Quad: Major Scottsdale Office Renovation

A joint venture between EverWest Real Estate Partners and WHI Real Estate Partners L.P. (WHIREP) has earned unanimous approval by the Scottsdale City Council for a zoning modification, and has started construction on The Quad, a major 13-acre, 14-building redevelopment project that blends elements of a lifestyle center and office park to create a next-generation creative office…

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CBRE Completes More Than 260,000 SF of Leases at Two Deer Valley Airpark Industrial Projects

CBRE has completed over 260,000 square feet of industrial leases at two new Trammell Crow Company industrial projects in the Deer Valley Airpark submarket of metropolitan Phoenix. The first of the two projects, Park Ladera at Spectrum Ridge, consisted of 220,000 square feet of warehouse space and was completed in August 2015. The CBRE team…

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ABI Multifamily Brokers Premier North Tempe Apartment Complex near ASU/Light Rail

ABI Multifamily, Arizona’s largest operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $19,560,000 sale of the Foxfire Apartments, a 188-unit apartment community located in Tempe, Ariz. “Foxfire is a very well located property in North Tempe near Arizona State University and comprised almost exclusively of interiors that have not been…

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BDO USA, LLP ANNOUNCES APPOINTMENT OF STELLA SHANOVICH AS OFFICE MANAGING PARTNER, ASSURANCE SERVICES IN THE PHOENIX PRACTICE

BDO USA, LLP, one of the nation’s leading accounting and consulting organizations, today announced that Stella Shanovich has joined as Office Managing Partner for Assurance Services in the Phoenix office. In this role, Ms. Shanovich is responsible for overseeing professionals and managing client and prospect relationships for a broad range of industries including but not…

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CenterPoint Properties Develops 292,000-SF Facility in Goodyear, Ariz.

CenterPoint Properties is pleased to announce the development of a 292,000-square-foot freezer/cooler distribution center for Michael Lewis Company at 21 South 143rd Avenue in Goodyear, Ariz. Michael Lewis contracted CenterPoint as the development manager of the project. Michael Lewis Co. is a leader in supply chain management and services of in-flight and catering products for…

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