Colliers International Negotiates $40+ Million Sale of Discount Tire Corporate Headquarters in Scottsdale

Marc Bonilla and Jim Keeley of Colliers International in Greater Phoenix have negotiated the $40.18 million sale of the Discount Tire Corporate Headquarters project located at 20225 N Scottsdale Rd. The two-story Class “A” office project was developed by Opus West Corp. in 2002 through a structured build-to-suit agreement with Discount Tire Company’s founder, Bruce Halle. …

Details

CBRE Completes Two Metro Phoenix Apartment Sales Totaling $2.1 Million

CBRE Group Inc., has arranged the sales of two multifamily properties in the Phoenix metropolitan area in two separate transactions totaling $2.1 million. Brian Smuckler and Jeff Seaman with CBRE’s Multifamily Investment Properties team in Phoenix represented the buyers and sellers in the following transactions.   Delana is a 21-unit, garden-style apartment community located at…

Details

HFF closes $26.45 million sale of The Village at Hayden in Scottsdale, Arizona

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $26.45 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development in Scottsdale, Arizona. HFF marketed the property on behalf of the seller, Village at Hayden, LLC, a partnership comprising AEW Capital Management, L.P. and The Muller Company, and procured the buyer,…

Details

THIRTY-NINE STATES ADD CONSTRUCTION JOBS BETWEEN APRIL 2016 & 2017 BUT 27 STATES LOST JOBS BETWEEN MARCH AND APRIL AMID WORKER SHORTAGES

California & Nevada Add Most Jobs for the Year; Illinois & Mississippi Have Largest Drops; California & Connecticut Top Monthly List; Texas & Montana Have Biggest Drops for the Month Thirty-nine states added construction jobs between April 2016 and April 2017 amid growing demand for construction services, yet more than half the states lost construction…

Details

MESA FIESTA MALL SOLD

The beleaguered Fiesta Mall located at the U.S. 60 and Alma School Road changed hands to a local Developer with plans to immediately design the Mall into a “Campus”.   The new Owners, Dimension Financial & Realty Investments, Inc. (“DFRI”) and its Principals, Jerry Tokoph and Wayne Howard, have developed many substantial projects throughout Metropolitan…

Details

NAI Horizon negotiates acquisition of Chandler industrial building

NAI Horizon Senior Vice President Mark Wilcke represented the buyer in a $1.786 million acquisition of a 15,097-square foot industrial building at 4148 W. Venus Way at Stellar Airpark in Chandler, Ariz. Wilcke represented Executive Investment, LLC, dba East Valley Precision of Gilbert, Ariz. The free-standing industrial building will be utilized as a manufacturing machine…

Details

Wayne Einbinder named leader of Kitchell Arizona

Construction industry veteran has been named Arizona Regional Executive for Kitchell Contractors, marking a return to the company that sparked his longtime career in the building industry. “Wayne has a great resumé in markets where we want to grow, including higher education, hospitality and Native American,” said Kitchell Contractors President Steve Whitworth. “His decades of…

Details

SRS Real Estate Partners Assists in Expansion of Local Ballet Barre, TenPoint5, to North Phoenix

SRS Real Estate Partners is pleased to announce the expansion of Phoenix-based ballet barre studio, TenPoint5, to Red Development’s Shops at Norterra located in North Phoenix at the northeast corner of Happy Valley Road and I-17. The 1,400 SF space will be the newest addition to the Valley start-up’s chain to open, and there are…

Details

MARCUS & MILLICHAP ARRANGES THE SALE OF A 4,283-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Carl’s Jr. & Wells Fargo ATM, a 4,283-square foot net-leased property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold…

Details