NAIOP AZ SELECTS 16 YOUNG PROFESSIONALS FOR 2016-2017 DEVELOPING LEADERS MENTOR PROGRAM PROTÉGÉ CLASS

The 2016-2017 NAIOP Arizona Developing Leaders Mentor Program protégés have been announced, and the 16 young professionals come from all corners of the Valley’s commercial real estate industry. Each protégé was selected to participate in the year-long program in which they will attend educational seminars and complete a full scale development project by the end…

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CBRE Completes $7.33 Million Sale of Industrial Property

CBRE has completed the sale of a 97,500 sq. ft. industrial property located at 440 North 51st Avenue in Phoenix, AZ. Bill Bayless with CBRE’s Phoenix office represented the buyer, Dolphin Manufacturing. The seller, Kalyx, was represented by Steve Sayre with JLL. The total consideration for the transaction was $7.33 million. “Dolphin Manufacturing’s current facility…

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Belinda Rosthenhausler joins Clear Title Agency of Arizona

Belinda Rosthenhausler has joined Carol Rieger’s team at Clear Title Agency of Arizona as the Assistant Vice President of Commercial Sales. Her focus will be centered on the continued market growth of the commercial title division, with a strategic emphasis on marketing and new account acquisitions. Rosthenhausler will also be responsible for building relationships with…

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Optima Wins Three AIA Chicago Design Excellence Awards

The American Institute of Architecture (AIA) Chicago presented Arizona- and Illinois-based Optima with three awards during its 2016 Design Excellence Awards this month. Optima’s David Hovey Sr., FAIA, earned honors for Optima Sonoran Village, a mixed-use residential community in Scottsdale; while David Hovey Jr., AIA, earned two awards for Whale Bay, an Optima DCHGlobal home…

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TWO ASU MASTERS OF REAL ESTATE DEVELOPMENT STUDENTS WIN REIAC SCHOLARSHIPS

The Southwest Chapter of REIAC (Real Estate Investment Advisory Council), an exclusive fellowship of top real estate executives involved in developing, acquiring and/or financing real estate, recently awarded scholarships of $2,500 each to two students enrolled in Arizona State University’s Masters of Real Estate Development (MRED) program at the W.P. Carey School of Business. In…

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WINLEE DEVELOPMENT COMMENCES CONSTRUCTION ON CHANDLER VIRIDIAN PRIMEGATE @ FASHION SQUARE

WINLEE Development, the real estate development division of locally based investment firm Winfield Lee Investments, commenced construction this week on Chandler Viridian PRIMEGATE at Fashion Square.  PRIMEGATE is the 24,000 sf distinctive restaurant and retail component of the 25-acre Chandler Viridian mixed-use project being developed by the consortium of Hines, Alliance Residential, Concord Hospitality and…

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ABI Multifamily Brokers a $10.85M value-add Sale of 155 Units in Mesa – near border of Tempe

ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $10,850,000| $70,000 Per Unit | $100.20 Per Square Foot sale of the 155-unit, Broadway Heights Apartments, located in Mesa, AZ. Originally built in 1983, the property features a mix of Studio, 1 and 2- bedroom unit types, with…

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JLL to Lease New 250,000 SF Phoenix Industrial Project: Riverside 43

The Phoenix office of JLL has been awarded the leasing assignment for Riverside 43, a 250,043-square-foot, fully speculative Class A industrial project that broke ground this week by Scottsdale-based Merit Partners, Inc. The project is one of the last parcels in the Riverside Tax District in Phoenix’s West Valley submarket. Located at 2200 S. 43rd Ave. in Phoenix, Riverside 43…

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Liberty Property Trust Brings 1930 West Rio Salado Parkway to 100% Occupancy Before Construction is Finished

Liberty Property Trust today announced that it has executed two new leases, filling its nearly complete 135,663 square foot speculative office building at 1930 West Rio Salado Parkway in Tempe. DriveTime Automotive Group, an existing tenant in 1720 West Rio Salado Parkway at Liberty Center at Rio Salado, will expand into 65,889 square feet of…

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