• CBRE Completes Sale of Prescott Gateway Mall in Prescott, Ariz.

    Dec. 3, 2013 – CBRE has completed the sale of the Prescott Gateway Mall located at 3250 Gateway Blvd. in Prescott, Ariz., a 578,666-square-foot (324,690-square-feet owned) regional mall. A collaborative team of brokerage professionals from CBRE, including Mindy Korth in Phoenix, Ariz., Philip D. Voorhees in Newport Beach, Calif., George Good in Chicago, Ill. and

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  • Alliance Residential Acquires $160 Million Waterfront Community in Coronado, Calif.

    Dec. 4, 2013— Alliance Residential is pleased to announce its acquisition of Coronado Bay Club, a 549-unit, garden-style apartment community located on the water in Coronado, Calif., an affluent “island” adjacent to downtown San Diego. The deal was brokered by Jones Lang LaSalle on behalf of LaSalle Investment Management. Alliance’s JV partner in the transaction

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  • Cushman & Wakefield Negotiates $4 Million Sale of Sunshine Terrace Apartments in Central Phoenix

    Dec. 3 , 2013– Cushman & Wakefield of Arizona, Inc. has negotiated the $4 million sale of Sunshine Terrace Apartments, located at 5615 N. 7th St. in North Central Phoenix. The property, which was built in 1972, contains 74 apartment units and was 98 percent occupied at the time of the sale. Rosalia and Pavel

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  • Arizona State Trust Land in Desert Ridge Sold at Auction for $28.1 Million

    Dec. 3, 2013- On Tuesday, Dec. 3, 2013, the Arizona State Land Department successfully auctioned 105.72 acres of State Trust land located on the southwest corner of Tatum Boulevard and Pinnacle Peak Road in Phoenix. The minimum bid requirement was $26.7 million and the winning bid was $28.1 million. The successful bidder was the Taylor Morrison/Arizona

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  • ARA Completes Two Apartment Sales Totaling $50.5 Million

    Dec. 2, 2013- ARA facilitated the sale of two North Scottsdale apartment complexes, Casa Santa Fe, located at 11105 N. 115th St., and Cabrillo, located at 11620 E. Sahuaro Dr. ARA’s Brad Goff and Dave Lord represented HSL Properties, Humberto Lopez and Omar Mireles in the sale of the two properties. Casa Santa Fe is

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  • Cassidy Turley Completes 23,500 SF Lease for Vision Air America, Inc.

    Dec. 2, 2013- Cassidy Turley announced that it completed a 23,500-square-foot lease for Vision Air America, Inc. (Phoenix, AZ) at 7239 North El Mirage Rd. in Phoenix. Mike Gilbert, Gary Anderson and Justin LeMaster with Cassidy Turley’s Industrial Group represented the tenant. Sam Sorensen of Sorensen & Black, Inc. represented the landlord, El Mirage Road, LLC.

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  • Marcus & Millichap Arranges the Sale of 3,280-Square Foot Net-Leased Property

    Nov. 25, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Arby’s, a 3,280- square foot net-leased property located in Gilbert, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1.9 million. Jamie Medress and

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  • Tempe: The Land of Plenty

    • News
    • November 27, 2013

    Planning and cooperation has the city in the middle of a multi-use Renaissance With several major multi-use projects currently in development, the City of Tempe is in the midst of a commercial real estate boom. While it would be easy to heap all the praise for this market resurgence—and the jobs it has brought with it— on Tempe Mayor

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  • Commercial Executive Magazine’s 2013 Broker of the Year: Barry Gabel

    • News
    • November 27, 2013

    Nov. 27, 2013- The distinction of CEM Broker of the Year is especially satisfying to Gabel because it represents a vote of his peers and undoubtedly reflects the fundamental tenets of how he conducts business: “Work hard, persevere, be honest, be yourself, do what’s right, treat people with respect and dignity, and great things will happen!” ||  When asked about the source

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  • CBRE Negotiates Sale of Missouri Falls Office Building

    Nov. 26, 2013- CBRE has negotiated the sale of the Missouri Falls building located at 645 E. Missouri Ave. in Phoenix, Ariz. The 187,648-square-foot, class A office building commanded a sale price of $13.89 million in the transaction. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office represented Greg Williams, the

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