• Cassidy Turley Represents Buyer in $12.7M Purchase of Scottsdale Apartments

    Cassidy Turley represented Portofino at McCormick, LLC in the purchase of Monaco North, a 112 unit multifamily property located in Scottsdale at 8250 North Via Paseo Del Norte. The Michigan based investor purchased the property for $12,700,000 / $113,393 per unit / $134 per square foot. Executive Vice Presidents David Fogler and Steven Nicoluzakis with Cassidy

  • August 2013 Legal Update: Snell & Wilmer’s Nick Wood Plays Strategic Role in Multifamily Renaissance

    By Tim J. Randall   In contemplating the surge of multifamily building in the past several years, it is instructive to explore the legal environment for the approvals of these properties.  Prominent Zoning Attorney, Nick Wood, of Snell and Wilmer, provides strategic clarity on these challenging issues. “I play chess every day…on the computer but

  • August 2013 Industrial Update: CBRE’s Pat Feeney

    Let’s look at 2013 to date. What can you tell us about the industrial market in the Valley over the last six months? The last six months have seen an enormous amount of activity from tenants in metro Phoenix, and this is very much in line with showings in all sectors of the industrial marketplace.

  • Economic Review & Outlook: August 2013

    By Tim J. Randall   That phrase about blind squirrels and acorns is right after all! As I referenced in the opening remarks to this column in the last issue, economists are right about as often as they are wrong. Yet, enough of my forecasts emerged correct that I can confidently say my accuracy falls

  • Best in Title: Melissa Shapiro

    By Julie Brown   Helping people achieve the American dream of home ownership is one of the greatest rewards of being a real estate professional. Ask anyone who works in the industry why they do it and they’ll likely say to help other people. Professionals who work in the title business are no exception. The

  • Hines, PCCP Venture Acquires Kierland One in Phoenix

    Hines, the international real estate firm, announced today that along with joint venture equity partner PCCP, LLC, it has acquired Kierland One, a Class A, 175,441-square-foot office building located in the North Scottsdale Airpark submarket of Phoenix.   Completed in 1999, the four-story building is located at 16430 N. Scottsdale Road across from the Promenade Shops,

  • Multifamily Ties Bring Success to HSL, Omar Mireles

    By Tim J. Randall   For Omar Mireles, Executive Vice President of HSL Properties, family has always provided perspective on the education and achievements he, as a young entrepreneur, attained in the commercial real estate sphere. Mireles’ life has always centered on learning and knowledge. At 10 years of age, Mireles relocated from Nogales,  Sonora,

  • Velocity Retail Group Sells Six Former Albertson’s Grocery Stores

    The owners of six vacant Phoenix-area Albertson’s grocery stores were faced with a challenge in 2012.  The partnership wanted to sell the assets at a time, and in a market, that was saturated with big boxes.  Four of these buildings were in the southeast valley, which had been hardest hit by big box vacancy.  Retail

  • Velocity Retail Group and Ross Brown Partners Sell Downtown Scottsdale Parcel to La-Z-Boy Furniture Galleries

    EBCO, Inc., the operating company for Arizona’s La-Z-Boy Furniture Galleries purchased a .64 acre parcel at 6828 E. Camelback Road in Scottsdale, Arizona.  The parcel currently has a 10,096 square foot office building; however, plans are to replace most of the building with a new concept La-Z-Boy store.  T.D. Note, LLC, the Seller, was represented

  • Making Headlines: The Big Deals and the Brokers Who Made Them Happen

    Construction Kicks Off in Tempe for $600M Development Marina Heights Marina Heights, the 2 million square foot project along Tempe Town Lake, broke ground on July 31. State Farm will lease approximately 1.9 million square feet in the development. Ryan Companies begins construction this month of Marina Heights. The 20-acre, $600 million mixed-use development will include


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