McCarthy Building Companies Promotes Abe Babcock to Project Director

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

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SimonCRE names Blake Curtis as Director of Capital Markets & Dispositions

Commercial real estate developer SimonCRE recently named Blake Curtis as Director of Capital Markets & Dispositions. This new position is intended to strengthen the company’s ability to develop relationships with equity partners & financial institutions. Prior to joining SimonCRE, Curtis served as Senior Analyst at VEREIT, Inc. During his tenure at the firm, Curtis led…

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NorthMarq Capital’s Phoenix office arranges acquisition financing of $5.2M for office-warehouse

Shari Stults, vice president of NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $5.2 million for Ahwatukee 48, an 87,772  sq. ft. office/warehouse property located at 15905-15915 S. 46th St., 15920-15930 S. 48th St. in Phoenix. The transaction was structured with a 20-year term and 25-year amortization schedule.   NorthMarq arranged financing through its…

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Strong Leasing Helps Keep Vacancy Low in Phoenix Industrial Market

Colliers International in Greater Phoenix released its mid-year 2016 Industrial Market Report for Greater Phoenix.  Report highlights are outlined below. Industrial space users picked up the pace with leasing during the second quarter of 2016, bringing twice as many leases exceeding 50,000 sq. ft. than were signed in the first quarter. These completed, large leases…

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Daum Negotiates Land Purchase for Rainbow Ryders Hot Air Balloon Ride Co. New Headquarter Facility in Phoenix

Daum Commercial Real Estate Services has negotiated the one-acre lot sale located at the southeast corner of Seventh Street and Covey Lane in Phoenix to Rainbow Ryders Hot Air Balloon Ride Co. for its future headquarters facility. The Daum Phoenix team of Trevor McKendry, Chris Rogers and Bob Lundstedt represented both the buyer, W. Scott…

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Ozburn-Hessey Logistics Leases Space at 10 West Logistics Center

Cushman & Wakefield announced today that Tennessee-based Ozburn-Hessey Logistics (OHL) leased approximately 295,695 square feet (SF) of Phase 1 of 10 West Logistics Center, located at 6200 W. Van Buren Street. The landlord is an entity owned by New York Life Insurance Company. Cushman & Wakefield Executive Managing Director Andy Markham, SIOR, Senior Vice President…

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Alternative Workspace Provider Premier Business Centers to Open Second Location in Phoenix

Irvine, California based Premier Business Centers®, one of the largest privately owned alternative workspace/executive suite operators in the USA, announced today they will be expanding their presence in Arizona with a new executive office suite in Paradise Valley at 11201 N. Tatum Boulevard, Suite 300, Phoenix, AZ 85028. Centrally located in the Stonecreek Pointe building,…

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Lincoln Property Co. Promotes Megan Watkins to Associate Director of Management Services

Lincoln Property Company (LPC) Desert West has promoted Megan Watkins to Associate Director of Management Services.   In her new role, Watkins will help direct LPC’s regional portfolio of more than 6 million square feet of office, industrial and retail space. She will also work with LPC leadership to expand the company’s already active regional…

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