• CPI Announces Sale of 10 Acres in Maricopa to Expected End Ministries

    Commercial Properties Incorporated (CPI) announced the sale of 10 acres of land for in Maricopa to Expected End Ministries, a Maricopa-based nonprofit 501(c)(3) prison ministry. The group will develop the land at 16540 N. Porter Road as the future international headquarters for its global outreach programs. CPI’s Trent Rustan and Josh Gosnell represented KDJJ Industries, the

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  • NorthMarq Arranges $17.15M Mortgage for Pinnacle Peak Commerceplex I in Phoenix

    James DuMars, SVP and managing director of NorthMarq’s Phoenix regional office, and Michael Elmore, SVP and managing director of NorthMarq’s Los Angeles office, arranged first mortgage refinancing of $17.15 million for Pinnacle Peak Commerceplex I, a 302,254 sq. ft. warehouse distribution property located in Phoenix, Arizona.  Financing was based on a 10-year term and a

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  • Colliers International Recruits Investment Specialist

    Colliers International in Greater Phoenix announced that Greg Guglielmino, senior associate, has joined the Phoenix office. Guglielmino specializes in the acquisition and disposition of single- and multi-tenant office and medical investment properties for private and institutional clients. He partners with Marcus Muirhead, associate vice president of investments. Guglielmino is also a member of Colliers’ National

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  • De Rito Partners, Inc. Releases Recent Commercial Transactions

    Planet Fitness joining Metro Gateway Center Planet Fitness signed a lease for 21,000 square feet at MetroGatewayShopping Center in Phoenix. The center is located a half-mile from Metro Center Mall at the southeast corner of 35th Avenue and Peoria Avenue. De Rito Partners’ brokers Adrienne Bryant and Carl Jones, Jr. represented the landlord in the

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  • American Furniture Warehouse Purchases 41.5-Acres in Glendale

    CBRE has completed the $9 million sale of 41.5 acres at 9801 W. Bethany Home Road in Glendale, Ariz. John Werstler, Jerry McCormick and Cooper Fratt of CBRE’s Phoenix office represented the seller, Stearns Bank of Scottsdale, Ariz., American Furniture Warehouse, Englewood, Colo., was represented by Jeff Jennings of ProStar Realty in Phoenix, Ariz. “The

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  • Douglas Allred Company Breaks Ground on 100,622 SF Office Building in Chandler

    Douglas Allred Company Breaks Ground on 100,622 SF Office Building in Chandler

    Douglas Allred Company has started construction on another office building at Allred Park Place, a 100,622-square-foot, two-story office building located east of Price and Willis roads in Chandler, Ariz.  The structure, which broke ground July 29, is the sixth speculative office building at Allred Park Place. Mark Krison, Brad Anderson and Bryan Taute of CBRE’s

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  • Alliance Residential Debuts First of Three Luxury Rental Communities

    Phoenix-based Alliance Residential Company is nearing completion of Broadstone Camelback in the Biltmore area, its first of three high-profile apartment projects delivering in the Valley. Two additional area communities, Broadstone Lincoln and Broadstone Waterfront, are also underway and making strides toward completion in well-known Scottsdale locations. The three developments are branded under Alliance’s luxury Broadstone

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  • Construction Kicks Off Today For 2M SF, $600M Development in Tempe

    Development partners Sunbelt Holdings and Ryan Companies joined Arizona State University (ASU), State Farm executives, government officials and local business leaders to celebrate the start of construction of Marina Heights, the 2 million square foot project along Tempe Town Lake. State Farm will lease approximately 1.9 million square feet in the development. “We are so proud to be a

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  • Major $350M Mixed-Use Commercial Development Planned for Downtown Tempe, Includes USA Basketball National Headquarters

      USA Place, LLC, has been selected to develop a new 330-room Omni Hotel and 30,000-square-foot conference center on a 10.5-acre site located at the southeast corner of Mill Avenue and University Drive, subject to Tempe City Council and Arizona Board of Regents final approval of development agreements. In addition to the hotel and conference

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  • Sperry Van Ness Releases List of July Lease and Sale Transactions

    Sperry Van Ness has released the following list of July lease and sale transactions: OFFICE LEASES: Ideal Physical Therapy leased 1,975 SF of office space at 333 E. Osborn Road in Phoenix. Justin Horwitz represented the tenant. Goodman & Patridge OB/GYN leased 2,499 SF at Desert Ridge Medical Campus in Phoenix. Justin Horwitz represented the

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