BKM CAPITAL PARTNERS ACQUIRES THREE-PROPERTY VALUE-ADD LIGHT INDUSTRIAL PORTFOLIO IN GROWING PHOENIX METRO

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, has acquired the RREEF Tempe portfolio, a 305,524 square-foot three-property portfolio in the growing submarket of Tempe, Arizona in an off-market transaction. The portfolio consists of 16 multi-tenant light industrial buildings and was purchased for $24.1 million, which…

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STEPHEN HULSTON JOINS NOVO DEVELOPMENT

Stephen Hulston has joined NOVO Development of Scottsdale and will oversee the company’s cost estimating, pre-construction and development activities. Hulston brings almost three decades of construction experience to NOVO having most recently served as Vice President/Business Unit Leader for Balfour Beatty Construction. He managed Arizona operations for the construction company, including all financial, design, construction…

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McCarthy Building Companies Promotes David Clarkson to Project Director

McCarthy Southwest, a division of McCarthy Building Companies Inc. (www.mccarthy.com), recently promoted David Clarkson to the role of project director. In this position, Clarkson will focus on developing and leading the various internal and external teams on a construction project to ensure a successful, integrated approach throughout all phases of the project. From the start…

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McCarthy Building Companies Promotes Mike Corso to Vice President, Operations

McCarthy Building Companies Inc. (www.mccarthy.com) recently promoted Mike Corso to vice president, operations for the company’s growing Renewable Energy team within the Southwest division. He has more than two decades of construction experience. In this new position, Corso will oversee a diverse portfolio of solar and energy related projects across the country. As project director…

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Note Sale Comes Full Circle with Retail Center Trade to California Investor

A once maligned, but well-located shopping center in the heart of one of Phoenix Metropolitan area’s best master-planned communities, is returning to its former glory. Foothills Park Plaza is located on the southwest corner of Chandler Boulevard and Desert Foothills Parkway in the affluent area of the Ahwatukee Foothills master-planned community.  The 4,140 acre Foothills…

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RYAN COMPANIES CELEBRATES LIVING SPACES’ EAST VALLEY GRAND OPENING

Ryan Companies US, Inc. joined Living Spaces executives and town of Gilbert leaders today at San Tan Village to celebrate the grand opening of Living Spaces’ first east Valley store, warehouse and showroom. Ryan began construction on the 98,400 square foot retail project in August of 2015 and was responsible for the shell of the building, along with the site hardscape and paving activities.…

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Valley’s top market leaders come together for CoreNet Global Arizona’s “Midyear Market Update: Brokers’ Perspective”

The 2016 commercial real estate industry in the Valley is showing signs of growth at midyear. But what lies ahead for the next six months in regards to job creation, vacancy rates and available capital? These and other topics will be discussed at the “Midyear Market Update: Brokers’ Perspective,” presented by CoreNet Global Arizona, June…

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EVERGREEN DEVELOPMENT & TRACHMAN-INDEVCO FORMALLY ACQUIRE 5.32 ACRES FOR RETAIL, COMMERCIAL PROJECT IN PERRIS, CA

Evergreen Development and Trachman-Indevco have officially closed on the purchase of 5.32 acres of property from Walmart to develop a series of shops and pads near the newly-constructed Walmart Supercenter on the corner of Citrus Avenue and Perris Boulevard in Perris, California. The purchase is part of a joint venture with Trachman-Indevco, LLC, a California-based…

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Centrally Located Jackson Street Industrial Offers Value-Add Infill Opportunity

Newmark Grubb Knight Frank (NGKF), announces the sale of Jackson Street Industrial by Tiernay Properties Inc., a 307,164-square-foot industrial property located on four city blocks in central Phoenix. Built in the 1920s, the property was originally home to the Arizona Compress and Warehouse Co. building. Located at 1245-1555 E. Jackson Street, the warehouse was built…

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Liv Apartment Communities’ Team Members and Residents Fought to End Cancer at the Annual Relay For Life of Chandler

Four teams of more than 40 team members and residents of Liv communities  participated in the American Cancer Society Relay For Life of Chandler, AZ event on April 29, 2016 at Basha High School in Chandler.   The Liv apartment communities hosted several fundraising events over six months leading up to the event, raising $10,000 to help the…

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