• GoBankingRates.com Study Finds CD Rates in Phoenix Fall Behind State Average

    Before the recession, Phoenix depositors could easily yield 6 percent interest annually from a certificate of deposit, while today’s depositors are lucky to earn more than 0.18 percent on a short-term CD. By reviewing GoBankingRates.com’s latest comparison of CD interest rates on the city, state and national level, local account holders can identify the CD

  • Construction Employment Gains Remain Spotty July

    Construction employment continued its spotty improvement in July, as more states posted year-over-year gains but most states posted decreases compared with June, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said the steady improvement in employment in many states was welcome news, but cautioned that the

  • Construction Set To Begin on Third SkySong Office Building

    Construction is set to begin on the third office building at SkySong, The ASU Scottsdale Innovation Center, continuing the momentum on one of the most successful commercial development projects in Arizona over the past few years.  With the first two office buildings at SkySong almost fully leased, work will begin on SkySong III on August 19, with a groundbreaking ceremony scheduled for late

  • CEM Fall Forum Panelist Featured on Wall Street Journal Online

    “Healthcare Trust of America, Inc., Chairman and CEO Scott D. Peters will participate in Commercial Executive Magazine’s Fourth Annual Fall Forum on September 12, 2013. The Fall Forum is one of Arizona’s most prominent commercial real estate gatherings, featuring many of the top business leaders in the state. This year’s event is focused on the

  • ARA Announces $103M Sale of The Hub on Campus In Tempe

    Apartment Realty Advisors National Student Housing Group (ARA Student Housing) in conjunction with ARA’s Arizona office announces the sale of Hub on Campus in Tempe, AZ. Built in 2013, Hub on Campus is a 19-story, 269-unit/637-bed newly developed core student housing property located adjacent to the Arizona State University. The asset consists of 410,416 gross square feet, including 241,097

  • ZELL Commercial Real Estate Services Announces Recent Transactions

    ZELL announced the following retail lease transactions August 15, 2013:   DS NUTRITION SIGNS LEASE AT SHEA 70 PLAZA IN SCOTTSDALE, AZ DS Nutrition, offering nutritional supplements, protein shakes and bars, has signed a lease for 1,300 square feet in the Shea 70 Plaza Shopping Center located at 6969 East Shea Boulevard in Scottsdale, Arizona.

  • Colliers International Names Scott D. German Vice President of Scottsdale Office

    Colliers International Greater Phoenix has named Scott D. German vice president of office properties for its Scottsdale office. German is leasing and selling Scottsdale office buildings, and providing consultation on development and land acquisition for clients. During his 28 years in the Greater Phoenix commercial real estate industry, German has completed more than 2,000 lease

  • Lawrence Pobuda Joins Transwestern Phoenix Team

    Lawrence (Larry) Pobuda has joined Transwestern’s Phoenix office, increasing its role in the leasing and sales of office buildings and providing in-depth expertise in development and investment. As Senior Vice President, Pobuda serves institutional, corporate and private owners, as well as corporate users. “It is exciting to make strategic expansions in our range of services

  • Location of Oregano’s in Tempe Sold to S.T.O.R.E Capital for $2.437M

    Announcing the $2,437,500 sale of real estate leased to Oregano’s Pizza Bistro in Tempe, Arizona. The 3,860 square foot freestanding restaurant building has been occupied since the mid 1997 by Oregano’s.  The original building was constructed in the 1950’s.  The property address is 523 W. University Drive, Tempe. Wetta Ventures (David Wetta and Paul Salinas)

  • Transwestern Announces Four Lease Transactions

    In a series of transactions that reflects the continuing recovery of the Phoenix office market, Transwestern brokered four long-term leases throughout the region, highlighted by a more than 52,000-square-foot renewal and expansion for Health Choice Arizona Inc. in Three Gateway, located at 410 North 44th St. in Phoenix. Health Choice Arizona, one of the state’s leading


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