Retail Pad Building at Higley Marketplace Sells in Gilbert

ORION Investment Real Estate is proud to announce the sale of Higley Marketplace for $2,150,000 ($286.67/SF). The 7,500 square foot, freestanding medical building was constructed in 2007, and has excellent visibility and signage along Higley Road. The building is located near Banner Gateway Medical Center, a new Marriott, and several retail forces.   The current tenant…

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Pterodactyl Holdings Sells 34,798-SF Development Site in Downtown Phoenix to Arizona Board of Regents

Cushman & Wakefield announced today that the Arizona Board of Regents acquired 34,798 square feet (sf) of land at 1st Avenue, near Fillmore Street, from Pterodactyl Holdings (Phoenix), LLC for $4.65 million. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented Pterodactyl Holdings (Phoenix), LLC in the transaction. The 1st…

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ABI Multifamily Brokers Developer Sale of Phoenician Pines Condominiums for Colorado based Hill Companies

ABI Multifamily, the Valley’s largest locally operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $6,500,000 ($72,222/unit) sale of the Phoenician Pines Condominiums, a 90-unit (of 240 total units) bulk condo community located in Phoenix. The Frank Lloyd Wright inspired-Phoenician Pines is a two-story, individually metered condominium community built in 1982…

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New Leader at Helm of JLL Phoenix Project & Development Services Team

The Phoenix office of JLL has hired David Rosato as Senior Vice President and new leader of its growing Phoenix Project & Development Services (PDS) group. The PDS group provides consultation, project management, design and construction management services for projects ranging from office to industrial to retail. In his new position, Rosato manages the Phoenix…

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CBRE Elevates Ike Isaacson to Managing Director, Advisory Services; Kami Taylor Named Sales Manager of Firm’s Tucson Office

CBRE announced today that Ike Isaacson has been promoted to Managing Director of Advisory Services. In his new role, Mr. Isaacson will have oversight of the operation of the firm’s advisory practice throughout Arizona. He will partner closely with CBRE’s Regional Sales Directors of Occupier and Investor Services.   Additionally, Mr. Isaacson will oversee the…

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CBRE Completes $13.1 Million Sale of Tri-City Pavilions in Mesa, Ariz.

CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G.…

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Greater Phoenix Office and Industrial Markets Report Lower Vacancy, Positive Absorption, Rising Rents in First Quarter 2016

Colliers International in Greater Phoenix released its Office and Industrial Market Reports for first quarter 2016. Report highlights are outlined below. For more details, refer to the attached reports or view online: office and industrial.   Office Market Highlights   The Greater Phoenix office market got off to a steady start during the first quarter.…

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P.B. Bell Opens Escape Near Biltmore District

P.B. Bell, a leader in multifamily housing development, management and acquisitions, has opened its newest community, Escape, near Highland Avenue and 16th Street in Phoenix. Located near the upscale Biltmore and Esplanade shopping and nightlife areas, Escape features 244 luxury apartment homes in a resort-style setting featuring an urban, contemporary aesthetic. The four-story, interior corridor…

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SVN Auction Services and Insignia CRE Coordinating Sale of Former State-of-the-Art Data Center in Phoenix

SVN® Auction Services, a national provider of date-specific sales and special asset solutions, and Phoenix-based Insignia CRE, are coordinating the sale of a commercial building in Phoenix that was the former location of a state-of-the-art data center. Located at 3830 N. 7th Street, the property will be offered in an online-only auction May 5 –…

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Q1 Phoenix Industrial Reports

In the Southeast Valley… There is balanced recovery with small user activity. • The Southeast Valley has seen a much more balanced recovery including large, mid-sized, and small, local users. • Over 1.0 million square feet of leases were signed in the first quarter, largely comprised of small deals under 5,000 square feet. In the Southwest Valley… The market is still…

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