EVERGREEN DEVELOPMENT ACQUIRES 1.12-ACRE LAND PARCEL FOR MULTI-TENANT RETAIL BUILDING AT NEW FRY’S MARKETPLACE DEVELOPMENT IN PEORIA

Evergreen Development formally acquired 1.12 acres of land adjacent to the new Fry’s Marketplace development at 25355 North Lake Pleasant Parkway, on the northeast corner of Happy Valley Road and North Lake Pleasant Parkway in Peoria. Evergreen plans to break ground on the planned 7,550-square-foot multi-tenant building this month. The Shops at Lake Pleasant are…

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NAI Horizon negotiates $3.33 million investment property sale in Phoenix

NAI Horizon Associate John Toben represented the buyer in the acquisition of the $3.33 million investment property sale of a newly constructed Kneaders Bakery and Café at 4126 E. Indian School Rd., in Phoenix.   Toben represented Scottsdale-based LEP Properties, LLC, in the transaction. “The highly-desired Arcadia neighborhood is now home to a healthy option…

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ABI Brokers Redevelopment Play in Phoenix’s Prestigious Biltmore Corridor

ABI Multifamily, the Valley’s largest locally operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $6,045,000 ($118,529/Unit) sale of the 18 at Biltmore Apartments, a 51-unit apartment community located in Phoenix. 18 at Biltmore is a low density, one and two-story apartment community built from 1957 to 1962 of concrete construction…

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Landmark Title Adds Title Officer to Growing Team

Landmark Title Assurance Agency recently hired Matthew Garsha to a newly added position of Title Officer. Garsha will be working with the firm’s residential and commercial clients providing title and escrow services as the company expands.   Garsha has more than 15 years of management experience with teams in customer service, process improvement, data processing, real estate tax, and title insurance. Garsha began…

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Mandalay Homes honored with two national awards – EPA and ENERGY STAR for Market Leadership in Air Quality and Energy Efficiency

The EPA recently announced the winners of their prestigious Indoor airPLUS Leader Awards and Mandalay Homes, headquartered in Phoenix, was honored for the second year in a row.   Only six builders nationwide received this award.   “Our commitment to building energy efficient homes, that offer better air quality, isn’t just about helping our environment.…

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After Years of Flat Pricing, New Demand Has Spurred Escalation in the Valley

Mortenson Construction today released its quarterly Construction Cost Index report for Phoenix along with five other metropolitan areas in the U.S. According to the report, in the second quarter of 2016 the national demand on steel materials created a significant price increase for reinforcing, structural, light gauge and window frame steel.   According to data…

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Chandler Technology Center Sells for $7.1 Million

Cushman & Wakefield announced today that Chandler Tech Center, located at 7400-7408 W. Detroit Street in Chandler, sold to Phoenix-based Presson Corporation for $7.1 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley and Associate Ben Geelan with Cushman & Wakefield represented the seller in the transaction, Buchanan Street Partners of Newport Beach,…

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LGE Design Build Completes 40,000 SF Office for Bahia 101 in North Scottsdale

LGE Design Build has completed construction of the 3-story, 40,000-square-foot Bahia 101, the first new Class A office building constructed in the Scottsdale Airpark since 2009. Bahia 101 features 360-degree McDowell Mountain views, 14-foot clear heights and sliding doors on the second and third floors to allow fresh air in the suites. The building, on…

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