• W.P. Carey School of Business Holds Commercial Real Estate Forum

    • News
    • September 26, 2013

    The Phoenix-area housing market has received plenty of attention, but few people have anyidea whether the commercial real estate market is coming back yet. This month, the W. P. Carey School of Business at Arizona State University brought together a group of the area’s most successful brokers for a forum and survey about progress on

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  • Colliers International Completes 92,200 SF Office Building Sale in Phoenix for $12 Million

    Colliers International in Greater Phoenix recently negotiated the sale of a 92,233 square-foot Class B office building located at 3333 E. Camelback Road in Phoenix for $12 million, or $130/square foot. Fenway Properties of San Diego acquired the property. Fenway plans to upgrade the common areas and develop new, spec suites to accommodate tenants of

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  • Jimmy John’s Leases Three New Spaces in the Valley

    SRS Real Estate Partners has leased three new spaces for Jimmy John’s Gourmet Sandwiches.  The first location is a 1,685-square-foot space at Park Central Mall located on Central Avenue, just north of Thomas Road in Phoenix, Ariz.  Tenants at Park Central Mall include Starbucks, Qdoba, Jamba Juice, and The Good Egg. The second location is

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  • Cassidy Turley Completes $1.075 Million Sale of the Arizona Stone Building

    Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold a ±8,000-square-foot class B industrial property on 3.55 acres located at 4502 E Virginia St. in Mesa, Ariz. RBS Investments, LLC purchased the property for $1,075,000 ($134.37/psf) as an investment from The Richard R. Schmid Charitable Remainder Trust. Vice

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  • CBRE Completes $5.5 Million Sale of Crossroads of Tempe

    CBRE has negotiated the $5.5 million sale of Crossroads of Tempe, a 39,511 square-foot retail strip center located at 7707 S. Kyrene Road, 315 and 325 W. Elliot Road in Tempe, Ariz. Steve Julius and Jesse Goldsmith of CBRE’s Phoenix office represented both parties in the transaction. The seller was Westwood Financial Corp. of Los

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  • NorthMarq Arranges $15.33 Million Mortgage for Desert Harbor Apartments

    John Kinser and Luke Donahue of NorthMarq’s  Phoenix regional office arranged acquisition financing of $15.33 million for Desert Harbor Apartments, a 264-unit, market-rate multifamily property located at 8885 West Thunderbird Road in Peoria, Arizona.  Financing was based on 10-year term and a 30-year amortization period.  NorthMarq arranged this financing for the borrower, Desert Harbor, LLC,

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  • Stacie Harrison Joins CBRE’s Healthcare Services Group as Vice President

    • News
    • September 24, 2013

    CBRE has announced that Stacie Harrison has joined the firm’s Healthcare Services Group in Phoenix, Ariz. as a vice president. Harrison will focus her attention on the dynamic local healthcare market, and will be providing services to healthcare systems, practice groups, healthcare providers, medical building owners, and others in the ever-changing healthcare industry. “CBRE is

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  • Camelback Esplanade to Undergo Extensive Remodel

    Camelback Esplanade, Phoenix’s premier mixed-use project, is launching a multi-million dollar modernization of Esplanade I and II. MetLife, owner of four Camelback Esplanade towers, will start the venture with an update of lobby areas and corridors in Tower I, 2425 E. Camelback Rd. The improvements, which will start this month, include new Italian Botticino marble

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  • Cushman & Wakefield Represents Tumbleweed Youth Center in Lease Negotiation

    Tumbleweed Center for Youth Development will expand and relocate its headquarters from Downtown Phoenix to Siete Square II, 3707 N. 7th St. in Midtown, according to Cushman & Wakefield of Arizona, Inc. Tumbleweed was established in 1972 with a mission to provide a safe space for collaborating with youth and young adults in the community

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  • CBRE Negotiates Sale of Scottsdale Road Plaza

    CBRE has negotiated the sale of Scottsdale Road Plaza in Scottsdale. The net leasable of 14,073 SF square-foot mixed-use building is located at 4253 N. Scottsdale Rd. Steve Julius, Jesse Goldsmith and Traci Russell of CBRE’s Phoenix office represented the seller, SCOTTSDALE 4253 LLC of Phoenix, in the transaction. The buyer was Dallas-based RSFM 4253

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