HFF arranges $50.69 million financing for US Bank Center in Phoenix’s central business district

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $50.69 million in financing for US Bank Center, a 31-story, Class A office tower and a nearby 456-space parking garage with ground floor retail in Phoenix, Arizona.   HFF worked on behalf of the borrower, a partnership between ScanlanKemperBard Companies and Värde Partners, Inc.,…

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LevRose Commercial Real Estate Finalizes Sale of Thunderbird Village for $12.5 Million

LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage and management company, closed the sale of Thunderbird Village in Peoria for $12.5 million.   Located at 7518 W. Thunderbird Road, the 82,099 square-foot building includes a 90 percent leased retail center. California-based company, Deerwood Retail Opportunities AZ, LLC, purchased the property from CAZCO…

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The Statesman Group Hires Polaris Pacific to Lead Sales & Marketing at The Cays at Downtown Ocotillo

The Statesman Group announced today that West Coast-focused Polaris Pacific has been hired to lead the sales and marketing for its $90 million dollar luxury condominium community, The Cays at Downtown Ocotillo. Located within Chandler’s sought-after Ocotillo lakefront neighborhood and along the vibrant Price Corridor, The Cays is a collection of 278 one- and two-bedroom…

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McCarthy Building Companies Hires Guy Voss as Director of Business Development

McCarthy Building Companies Inc. recently hired Guy Voss, P.E., as Director of Business Development of McCarthy Water for the Southwest division. The Water team offers general contracting, construction management, program management and design/build services for water and wastewater projects throughout the U.S. In his new role, Voss will direct the group’s strategic planning and new…

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CBRE Completes Sales of Two Tempe Multifamily Communities Totaling $10 Million

CBRE Group, Inc. has arranged the sales of two multifamily communities located in Tempe, Arizona with a total consideration of $10 million. Brian Smuckler, Jeff Seaman and Derek Smigiel with CBRE’s Phoenix office represented the buyers and sellers in both of the following transactions: 1133 West Fifth is a 44-unit community consisting of all two-bedroom…

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CBRE Represents Buyer of Well-Located QuikTrip in Tempe, Arizona

CBRE has completed the sale of a single-tenant, 5,239-square-foot QuikTrip located at 1190 West Elliot Road in Tempe, Arizona. The 1.43-acre property commanded a sale price of $4.25 million.   Joseph R. Compagno with CBRE’s Phoenix office represented the buyer, Arizona-based, Lumberjack Capital, LLC. Tatyana Meulemans from Newmark Grubb Knight Frank represented the seller, Arizona-based…

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Suntec president joins the Arizona Builders Alliance’s board of directors to lead workforce labor committee

The Arizona Builders Alliance (ABA) is pleased to announce that Derek Wright, president of Suntec Concrete, has joined the association’s board of directors. In the role, he will lead the new workforce labor committee, and participate in discussions pertaining to issues and challenges that will impact Arizona’s construction industry. “In the last decade, Derek’s firm…

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Trammell Crow Company Wins NAIOP 2017 Developer of the Year

NAIOP, the Commercial Real Estate Development Association, has selected Trammell Crow Company as the 2017 Developer of the Year – the association’s highest honor. Headquartered in Dallas, Trammell Crow Company (TCC) is a leader in the commercial real estate industry, providing a full range of development and investment services to commercial real estate occupiers and investors for…

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Patriot Commercial Negotiates Lease in North Scottsdale

Patriot Commercial Properties recently negotiated a 2,584 square foot commercial lease in North Scottsdale. Elements Massage will occupy Suite 153 at Scottsdale Horizon Center, a Safeway anchored shopping center at 14700 Frank Lloyd Wright Boulevard. Peter McSorley, CCIM, of Patriot Commercial Properties represented the tenant in the transaction. Elements Massage currently has 22 Valley locations…

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