NorthMarq Capital’s Phoenix office arranges acquisition financing of $2.465M for Comfort Inn & Suites in Lordsburg, NM

Griffin Martin, vice president of NorthMarq Capital’s Phoenix based regional office arranged acquisition financing of $2.465 million for a 64-unit Comfort Inn & Suites property located at 400 Wabash Street in Lordsburg, New Mexico. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We provided high-leverage financing for both the acquisition…

Details

Greater Scottsdale Airpark Seeing Steady Improvement and Transitioning to More Mixed-Use and Transit-Oriented Development

Jim Keeley, SIOR, CCIM, founding partner of Colliers International’s Scottsdale office, released his annual Greater Scottsdale Airpark 2030 Report for the year ending December 2015. The 2030 Report was first published in 1989 as the 2010 Report and provides a current and historical perspective on economic activity, growth and trends for the Greater Scottsdale Airpark…

Details

Downtown Phoenix: What are the development needs for vibrant urbanization?

By Sarah Stecko, Commercial Executive Magazine The keynote speaker at the Valley Partnership March breakfast, Congressman David Schweikert, emphasized economic recovery and the need to get creative in real estate, particularly in downtown Phoenix. Moderator Kevin Calihan, Senior Vice President at CBRE, got diverse insight from the city and a commercial real estate developer’s perspectives,…

Details

CBRE Elevates Labor Analytics Group Founders to Executive Vice President

CBRE announced today that Jim Trobaugh, Rob Marsh and Chris Hook have been promoted to executive vice presidents. The three executives lead the firm’s award winning Labor Analytics Group, a global specialty-consulting group that provides advisory services on projects including site selection for new or expanding markets, existing market evaluation and assessment and economic and…

Details

Diversified Partners Sells Two Flex Industrial Buildings in Scottsdale

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Scottsdale-based 9024 Bahia sold two multi-tenant flex industrial buildings at 9024 and 9048 East Bahia Drive in Scottsdale, Arizona for $3.1 million. The buyer was Devil Digs Properties, LLC (dba Lusso Auto Group). Michael Kitlica with Cushman & Wakefield represented the…

Details

URBAN LAND INSTITUTE RECEIVES $250,000 GRANT FROM THE KRESGE FOUNDATION TO SUPPORT CREATIVE PLACEMAKING

The Urban Land Institute (ULI), a global research and education institute dedicated to responsible land use and building thriving, sustainable communities, has been awarded a $250,000 grant from The Kresge Foundation to support creative placemaking efforts in communities across the country. Through this program, the Institute will promote the use of creative placemaking to revive…

Details

WEICHERT COMMERCIAL BROKERAGE, INC. NAMES SENIOR VICE PRESIDENT DAVID FISHER BROKER OF THE YEAR

John G. Udell, President of Weichert Commercial Brokerage, Inc., is pleased to announce that Senior Vice President David Fisher has been awarded Weichert Commercial’s Broker of the Year award for 2015. A consistent top producer, Fisher has been working in commercial real estate for 36 years and has been with Weichert Commercial for 26 years. …

Details