Birtcher Anderson Realty Purchases Presson Companies Portfolio for $26.57M

Cushman & Wakefield announced today the sale of the Presson Portfolio, a 312,155 square foot (sf), three property portfolio in Tempe and Mesa, Ariz. Birtcher Anderson Realty, based out of San Juan Capistrano, Calif., purchased the portfolio for $26.57 million from Presson Companies. The Presson Portfolio sale included three properties – Fairmont Commerce Center, 1919…

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Lincoln Property Co. Hires John Orsak as Director of Real Estate

Lincoln Property Company (LPC) Desert West has hired industry veteran John Orsak as Director of Real Estate. Orsak brings 15 years of real estate experience to his new position, with a focus on acquisitions, dispositions, development, leasing and asset management. Orsak previously served as Director of Operations and Project Manager at Hines, and as Senior Director Development…

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On Par: Three New Office Leases, Golf Amenity Push Occupancy at Stonecreek Pointe

Golf course-facing views and significant property renovations at Stonecreek Pointe have attracted three new tenants to the Paradise Valley office project. On behalf of building owner HighBrook Investment Management/Cypress Office Properties, the Phoenix office of JLL has completed almost 30,000 square feet in new leases to Premier Business Centers, Vertical Measures and People’s Mortgage. The leases bring…

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Macdonald Development Corporation Partnering with Spike Lawrence, ARC Construction on Downtown Tempe Project

Vancouver, British Columbia-based Macdonald Development Corporation (MDC) is expanding its Arizona presence with the purchase of 0.403 acres of CC-zoned land in downtown Tempe, Ariz., which the company will develop in partnership with current landowner Spike Lawrence and Bill Borders of Phoenix-based ARC Construction.   MDC purchased a 50 percent interest in the land, which…

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Partnership pays $13.6MM cash for +/-33 acre planned power center site in Gilbert

In its second Valley purchase to date, Nevada developers Remington Nevada (David Delzotto, owner-developer) and Intercapital Development have once again teamed up with locally-based Capital Asset Management to purchase a prime 32.9-acre site located on the southwest corner of Williams Field Road and SanTan Parkway in Gilbert, Ariz.  The site, cash purchased for $13,613,437, will…

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EverWest Real Estate Partners Expands Arizona Team with Amr Ceran

Signifying its sustained growth in the Arizona market, EverWest Real Estate Partners has added Amr Ceran as Senior Director in the company’s Phoenix office.   Ceran will provide leadership for EverWest’s Phoenix office and will manage EverWest’s Arizona real estate portfolio, including investment strategies, redevelopment and lease-up strategies. At the same time, EverWest has promoted…

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