• Greenlight Communities Breaks Ground on New Apartments in Scottsdale; Offering Affordable Rents As Rising Housing Costs Challenge Renters

    Greenlight Communities Breaks Ground on New Apartments in Scottsdale; Offering Affordable Rents As Rising Housing Costs Challenge Renters

    Scottsdale-based Greenlight Communities building much needed attainable housing for middle-income renters. Scottsdale-based Greenlight Communities has broken ground on an 89-unit community, Cabana on Hayden, which will offer Scottsdale residents brand new, affordable and centrally located rental homes. Cabana on Hayden is located at Hayden Road and Oak Street, with construction scheduled to start on June

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  • SkySong Welcomes Leading Manufacturer of Data Center Technology to New Arizona Office

    SkySong Welcomes Leading Manufacturer of Data Center Technology to New Arizona Office

    IE Corporation Takes Space in SkySong 2 to Cement Valley Presence A prominent Price, Utah-based manufacturer of integrated, custom engineered data center technology has chosen SkySong for its Arizona office. IE Corporation (IE) has signed a lease for a 2,336-square-foot space in SkySong 2, the company’s first permanent office space in Arizona. The space is

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  • Kent Circle Partners Completes Land Sale Located Across From State Farm Stadium

    Kent Circle Partners Completes Land Sale Located Across From State Farm Stadium

    Kent Circle Partners (Scott Seldin, President) completes sale of a 15-acre parcel just south of State Farm Stadium, off Cardinals Way, formerly Bethany Home Rd., between the loop 101 and 95th Ave., in Glendale, Arizona. The parcel was sold for $6,533,428 and was located within the southern 63.13-acre tract, referred to as Centerpoint, a Planned Area Development (PAD), entitled by Kent Circle Partners. The property was

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  • Marcus & Millichap Arranges the Sale of NNN Walgreens in Tempe

    Marcus & Millichap Arranges the Sale of NNN Walgreens in Tempe

    Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Walgreens, a net-lease drugstore located in Tempe, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $9,050,000. Mark Ruble, Chris Lind, and Jamie Medress, investment

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  • Will Shepler Joins ABI Multifamily as Broker

    Will Shepler Joins ABI Multifamily as Broker

    ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., has added a new broker to the Phoenix team. Will Shepler joined the Phoenix office of ABI in March. In his new role, he will provide advisory services to assist clients with investment strategies, opinions of value, property and market guidance,

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  • The Element at Kierland Trades for $17.3 Million in Scottsdale

    The Element at Kierland Trades for $17.3 Million in Scottsdale

    Cushman & Wakefield Represents both Parties in Transaction Cushman & Wakefield announced today the firm has brokered the sale of Element at Kierland, a multi-tenant office property in Scottsdale, Arizona. The seller was MACP Kierland Fairways, LLC, a subsidiary of Montana Avenue Capital Partners and the buyer was Valwood Element, LLC. The property located at

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  • Benchmark®, a Global Hospitality Company, Acquires Arizona-Based Hotel Management Company, Westroc Hotels & Resorts

    Benchmark®, a Global Hospitality Company, Acquires Arizona-Based Hotel Management Company, Westroc Hotels & Resorts

    Hotel Valley Ho and Mountain Shadows Resort Scottsdale Will Remain Locally Owned, Under New Management Agreement with Benchmark Two legendary hotels and resorts managed by Arizona-based Westroc Hotels & Resorts, the iconic Hotel Valley Ho in Old Town Scottsdale and the newest luxury golf resort in Paradise Valley, Mountain Shadows Resort Scottsdale, have transitioned to

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  • Evergreen Devco Completes Sale of Black Rock Coffee Bar in Phoenix

    Evergreen Devco Completes Sale of Black Rock Coffee Bar in Phoenix

    At nearly 2,000 square-feet, the popular coffee bar celebrates successful grand opening of its first Phoenix location Evergreen Devco, Inc., a leading retail and multifamily development company in the western U.S., announced today that it has completed the sale of its single-tenant Black Rock Coffee Bar building, located at 3415 W. Greenway Road in Phoenix’s northwest

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  • When We Return to the Office, It Should Look Like This

    When We Return to the Office, It Should Look Like This

    Inventive design nurtures a company culture of collaboration and long-term sustainability. Widely recognized for creating their own ultra-green headquarters in Phoenix called Xero Studio, the internationally recognized architecture firm Studio Ma has completed the design for a super-energy-efficient law firm office for The Phoenix Law Group, PLC, a leading national practice. The conversion of the

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  • Phoenix Commercial Advisors Closes Tucson Dutch Bros

    Phoenix Commercial Advisors Closes Tucson Dutch Bros

    Drive-thru Dutch Bros Coffee sells for $2,068,000 Phoenix Commercial Advisors facilitated the sale of a single-tenant Dutch Bros Coffee. The property, located on 1.04 acres on the southeast corner of Mission and Valencia roads at 1971 W. Valencia Road, Tucson, Ariz., sold for $2,068,000. The brand-new, 824-square-foot building with drive-thru closed at $2,510 per square foot.

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