Allred Wins Final Approval From Chandler City Council To Start Construction On Massive New Valley Office Complex

On Thursday evening, the Chandler City Council unanimously gave the final approval for the Douglas Allred Company’s development project in the Price Road Corridor, Park Place II. The Chandler City Council approved of the final rezoning for the 928,000 square foot employment business park campus, which will create nearly 10,000 jobs. With the receipt of…

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Kitchell promotes four veterans to vice president

Kitchell has promoted four of its executives to vice president, reflecting the company’s geographic and services expansion. Bryan Bernardo, David Burton, Russ Korcuska and Michael Wolfe have all been named vice presidents overseeing various areas of Kitchell’s contracting business. Vice President of Operations Bryan Bernardo, previously regional and national operations manager, oversees the management of…

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CHURCHILL COMMERCIAL CAPITAL ARRANGES DEBT FOR TWO MEDICAL OFFICE BUILDINGS

Churchill Commercial Capital, Inc. has arranged $10.15 million in two separate loans on two medical office buildings, both located in Metro Phoenix. A $3,000,000 loan was closed on Thunderbird Professional Centre, located in Peoria, AZ.  The 10 year, fixed rate, non-recourse loan was provided by a life company for an experienced sponsor with whom Churchill…

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NorthMarq Capital’s LA office arranges $6.13M non-recourse bridge loan for Phoenix industrial building

Joe Giordani, vice president of NorthMarq Capital’s Los Angeles-based regional office, arranged a non-recourse bridge loan totaling $6.13 million for a 109,000 sq. ft. industrial flex property located in Phoenix, Arizona. The transaction was structured with a 3-year interest-only term. The floating rate, interest-only transaction featured a 75 percent loan to cost and allowed for…

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METROPOLITAN MIAMI FURTHERS ITS CULINARY COLLECTION WITH THE ADDITION OF RED O TO MET SQUARE

MDM Development LLC announced today that it has signed a lease with Red O, a world-class-relaxed  destination resort environment  that provides distinctive Latin-Mexican inspired exquisite cuisine and discerning service in a lively, sophisticated setting. The first Red O location outside of its California home, the highly acclaimed restaurant will be located on the ground floor…

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New Asian Fusion Restaurant and Commercial Interiors Showroom Coming to Downtown

A combination Japanese-Chinese restaurant leased approximately 4,800 sq. ft. of retail space at 88 E. Broadway in the TEP headquarters building. The as-yet-unnamed restaurant will be owned by Bin An. The modern eatery, featuring Head Chef Masato Okamoto, will have about 160 seats available inside, with another 80 seats on the 2,500 sq. ft. patio. Next door…

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Graycor Construction Co. Promotes Two to Senior Project Manager

The Southwest division of Graycor Construction Company has promoted Kyle Walker and Geovanni Villalta to the position of senior project manager – a move indicative of the company’s focus on growing its footprint of professionals in the Southwest and fully capitalizing on Graycor’s national platform and capabilities. As Senior Project Managers, Walker and Villalta are…

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Cushman & Wakefield Reps $25.6 Million Multifamily Sale

Cushman & Wakefield announced today the $25.6 million sale of Windemere Apartments, a 224-unit apartment community located at 2020 E. Inverness Avenue in Mesa, Ariz., to San Diego-based Pathfinder Gilbert Holdings, LLC (Pathfinder Partners). Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis of the Phoenix office represented the seller, Phx E. Inverness…

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