First Phase of Mixed-Use Development Next to ASU Sold for $15.24M

Cushman & Wakefield announced that the mixed-use development at the northwest corner of University Drive and Forest Avenue in Tempe, Ariz. sold to Minneapolis-based The Opus Group for $15.24 million. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the seller, Sundt Companies of Tempe. The 115,325-square-foot development site, yet…

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Local Landscape & Construction Company Releases Patented Fire & Water Fountain

Mountainscapers Landscape, Design and Construction Company is excited to announce its cutting-edge, newly patented Elemental Fountain. The local business owned and operated by artist and designer Sean Andersen, uses innovative technology for an unexpected yet harmonious fusion of water and fire. Application of the technology can be scaled for small residential table fountains to very…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,000-SF 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 Chipotle, a 3,000-square foot net-leased property located in Ahwatukee (Phoenix), AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,551,000.  …

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COMMERCIAL PROPERTIES INC., ANNOUNCES THE SALE OF A ±14,910-SF INDUSTRIAL INVESTMENT BUILDING IN GILBERT

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial investment building located at 61 South William Dillard Drive in Gilbert, Ariz. The building is approximately ±14,910 square feet, located in Elliot Commerce Park. Jeff Hays of CPI’s Industrial Team represented the owner,…

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New partners announced at Lewis Roca Rothgerber Christie

Lewis Roca Rothgerber Christie LLP announces that Justin Henderson and Marla Hudgens have been elected to the firm’s partnership effective Jan. 1.   Henderson represents creditors, landlords, and debtors in all aspects of Chapter 11 bankruptcy cases involving businesses and individuals, with a particular focus on preferential and fraudulent transfer litigation. Based in Phoenix, but practicing…

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CONSTRUCTION SPENDING INCREASES; OUTLOOK FOR 2017 APPEARS FAVORABLE OVERALL

Construction spending hit a 10-year high in November with monthly and year-over-year gains in both public and private categories, according to an analysis by the Associated General Contractors of America. Association officials said the November data indicates that the 2017 outlook for construction is favorable even as they cautioned that demand will vary for different…

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