New Leader at Helm of JLL Phoenix Project & Development Services Team

The Phoenix office of JLL has hired David Rosato as Senior Vice President and new leader of its growing Phoenix Project & Development Services (PDS) group. The PDS group provides consultation, project management, design and construction management services for projects ranging from office to industrial to retail. In his new position, Rosato manages the Phoenix…

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CBRE Elevates Ike Isaacson to Managing Director, Advisory Services; Kami Taylor Named Sales Manager of Firm’s Tucson Office

CBRE announced today that Ike Isaacson has been promoted to Managing Director of Advisory Services. In his new role, Mr. Isaacson will have oversight of the operation of the firm’s advisory practice throughout Arizona. He will partner closely with CBRE’s Regional Sales Directors of Occupier and Investor Services.   Additionally, Mr. Isaacson will oversee the…

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CBRE Completes $13.1 Million Sale of Tri-City Pavilions in Mesa, Ariz.

CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G.…

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Greater Phoenix Office and Industrial Markets Report Lower Vacancy, Positive Absorption, Rising Rents in First Quarter 2016

Colliers International in Greater Phoenix released its Office and Industrial Market Reports for first quarter 2016. Report highlights are outlined below. For more details, refer to the attached reports or view online: office and industrial.   Office Market Highlights   The Greater Phoenix office market got off to a steady start during the first quarter.…

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P.B. Bell Opens Escape Near Biltmore District

P.B. Bell, a leader in multifamily housing development, management and acquisitions, has opened its newest community, Escape, near Highland Avenue and 16th Street in Phoenix. Located near the upscale Biltmore and Esplanade shopping and nightlife areas, Escape features 244 luxury apartment homes in a resort-style setting featuring an urban, contemporary aesthetic. The four-story, interior corridor…

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SVN Auction Services and Insignia CRE Coordinating Sale of Former State-of-the-Art Data Center in Phoenix

SVN® Auction Services, a national provider of date-specific sales and special asset solutions, and Phoenix-based Insignia CRE, are coordinating the sale of a commercial building in Phoenix that was the former location of a state-of-the-art data center. Located at 3830 N. 7th Street, the property will be offered in an online-only auction May 5 –…

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Q1 Phoenix Industrial Reports

In the Southeast Valley… There is balanced recovery with small user activity. • The Southeast Valley has seen a much more balanced recovery including large, mid-sized, and small, local users. • Over 1.0 million square feet of leases were signed in the first quarter, largely comprised of small deals under 5,000 square feet. In the Southwest Valley… The market is still…

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GREYSTAR TOPS 2016 NMHC 50 LIST AS LARGEST MANAGER OF APARTMENTS FOR SIXTH CONSECUTIVE YEAR

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of rental housing properties, is pleased to announce that it has been recognized as the top ranked apartment manager for the sixth consecutive year in the National Multifamily Housing Council’s 27th annual 2016 NMHC 50, the authoritative ranking of the…

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Resort Revival: Hospitality resurgence transforming Paradise Valley

Valley Partnership has announced the topic for the April 29 breakfast. The program will feature a look at two major hospitality projects under construction in Paradise Valley – a new Ritz-Carlton and redevelopment of the iconic Mountain Shadows resort. The panel will feature Christopher Klecka, CFO of Five Star Development (Ritz-Carlton); Scott Lyon, Founder and…

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