MARCUS & MILLICHAP ARRANGES THE SALE OF A 5,247-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Big O Tires, a 5,247-square foot net-leased property located in Gilbert, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,850,000. Jamie…

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CONSTRUCTION EMPLOYMENT JUMPS BY 58,000 IN FEBRUARY TO HIGHEST LEVEL SINCE 2008; YEAR-OVER-YEAR GROWTH IS BROAD-BASED AND TOPS PRIVATE-SECTOR RATE

Construction employment increased by 58,000 jobs in February to the highest level since November 2008 with gains in both residential and nonresidential segments, according to an analysis of new government data by the Associated General Contractors of America. The association urged public officials to strengthen training and education programs to help students and current workers…

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Zillow Economist to Provide Keynote Speech at ‘Everything Infill’ Event

 It’s getting dense in Phoenix, which is how creativity and real estate collide to create amazing infill projects. Just like the trendiest restaurants and hippest office spaces can bring new life into an old lot, the market’s most desirable rooftops are also the result of infill. Homeowners Financial Group, with Fidelity National Title Agency, has…

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Sale of Long-Vacant Office Buildings Breathes New Life into Riverpoint Business Park

Newmark Grubb Knight Frank (NGKF) announces the sale of two office buildings in the well-known and highly visible Riverpoint Business Park. The buildings, 4150 South Riverpoint Parkway and 3125 East Wood Street, were former home to the University of Phoenix for its operations center and online division until 2104, when the higher education facility moved…

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Mortenson Taps Company Veteran to Lead Real Estate Development in Phoenix

Mortenson, a leading construction and real estate development company, today announced that George Forristall has been promoted to development executive and will oversee its real estate development services in Phoenix. Forristall is a 20-year Mortenson veteran and previously worked as a principal for the company’s construction business. Mortenson’s latest project is the development of an…

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Lee & Associates Brings on Investment Team, Adding More Talent to Seasoned Group

Lee & Associates in Phoenix is pleased to announce the addition of Steven Gonzalez, Marcus Muirhead and Greg Guglielmino as Investment Principals joining Lee’s existing Investment Group. Prior to joining Lee, the veteran group most recently worked as investment brokers at Colliers International and at Marcus & Millichap, both in Phoenix. The team specializes in…

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LGE Design Build Completes Mora Italian, Latest Restaurant on Seventh Street Stretch

LGE Design Build recently completed construction on Mora Italian, a much-anticipated Italian osteria that will serve as celebrity Chef, Restaurateur and TV Personality Scott Conant’s first official introduction to the Valley. The eatery opened to considerable fanfare in early February, with Conant and his modern, elegant addition to 7th St. gracing the pages of everything…

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Lee & Associates Runs the Bases With 94,885 SF, $7 Million Industrial Sale

A 94,885 SF industrial distribution property at 2021 E. Jones Ave., Phoenix, sold for $7,068,932 or $74.50 per SF to a national moving and storage company. Lee & Associates Principal Matt McDougall represented the building owners, Cohen Asset Management, Los Angeles, while Principal Steve Farrell represented the buyer, S&M Moving Systems, Phoenix. The company is…

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