Stanton Named Director of Design Development at Thoma-Holec Design

Thoma-Holec Design, LLC, an international, award-winning leader in interior design for senior living, announced that Keith Stanton will assume the position of director of design development. Stanton currently serves as senior interior designer. Mr. Stanton joined Thoma-Holec Design in 2014 after spending time working for a variety of fine art and commercial design companies throughout New…

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Pacific Real Estate Partners Purchases Phoenix Apartments for $9.3 Million

Cushman & Wakefield announced the $9.3 million sale of Summerhill Apartments, a 130-unit apartment community located at 2925 N. Greenfield Road in Phoenix, to Phoenix-based Pacific Real Estate Partners. Brett Polachek and Jim Crews from the Cushman & Wakefield Phoenix office represented the seller, Summer Hill URMTA LLC of Mesa, Ariz. Summerhill Apartments is a…

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Airport redevelopment project will upgrade and enhance area; ceremonial groundbreaking July 12

Scottsdale Airport will host a ceremonial groundbreaking to officially mark the launch of the terminal area redevelopment project. It takes place at 8:00 a.m. Wednesday, July 12, at the terminal building, 15000 N. Airport Drive. This project will upgrade and enhance this area with some of the largest hangars at the airport and maximize use…

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MARCUS & MILLICHAP SETS NATIONAL RECORDS IN ARRANGING PANERA BREAD SALE IN CHANDLER ARIZONA’S PRIMEGATE FASHION CENTER DEVLOPMENT

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 Panera Bread, a 4,332-square foot net-leased property located in Chandler, AZ in the Chandler Viridian PRIMEGATE Fashion Center development by Arizona based WINLEE Development, according to Ryan Sarbinoff, regional…

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CBRE Closes $40.25 Million Sale of Class A Multifamily Community in Phoenix

CBRE Group, Inc. has arranged the $40.25 million sale of Avenue 25, a 254-unit, Class A multifamily community located at 18250 N. 25th Avenue in Phoenix, Arizona. Sean Cunningham, Tyler Anderson, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Los Angeles-based TruAmerica Multifamily. The buyer was Salt Lake City-based Millburn &…

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Courtney LeVinus Named Interim CEO for Arizona Multihousing Association

The Arizona Multihousing Association, the statewide trade association for the apartment industry, has named longtime advocacy partner Courtney Gilstrap LeVinus as the Interim President and CEO for the Association.  For nearly 20 years, LeVinus has worked with the AMA leading their advocacy team at the federal, state and local levels.  She’s the co-founder of public affairs…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE ±38,300 SF SALE OF A USDA APPROVED FOOD PROCESSING FACILITY IN PHOENIX, AZ

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a USDA approved food processing facility located at 1410 N 27th Lane in Phoenix, Arizona. The entire property consists of approximately 38,300 square feet and is located just off Interstate 10 and 27th Avenue near…

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NAI Horizon negotiated a long-term retail lease on behalf of the landlord for American Freight Furniture at Bell Tower Village, 4913 W. Bell Rd., in Glendale, Ariz.

The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek and Gabe Ortega and Associate Patrick Anthon represented New Bell Tower, LLC, of Greenwood, Colo., in the transaction that totaled $1.266 million. American Freight Furniture, a discount furniture and mattress retailer, will occupy 25,700 square feet at Bell Tower Village. Anchors…

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CONSTRUCTION SPENDING HOLDS STEADY FROM APRIL TO MAY AS REPORTED DELAYS CAUSED BY SHORTAGE OF SKILLED WORKERS SPREAD AMID CONTINUING DEMAND

Construction spending in May was unchanged from April but increased from a year ago amid growing reports that contractors are struggling to find enough skilled workers to keep projects on schedule, according to an analysis of new government data by the Associated General Contractors of America. Association officials said a mixture of worker shortages and…

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