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  • Nationwide Realty Investors Announces Next Phase Of Development at Rivulon

    Nationwide Realty Investors Announces Next Phase Of Development at Rivulon

    Two 160,000-square-foot office buildings and new lake feature coming soon GILBERT, Arizona — Nationwide Realty Investors announced today the next phase of development at Rivulon, the expansive master-planned, mixed-use project located at the corner of Gilbert Road and Loop 202. On Wednesday night, the Town of Gilbert approved designs for the two, four-story, 160,000-square-foot office

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  • Avison Young Grows Phoenix Office, Expands its Office Footprint

    Avison Young Grows Phoenix Office, Expands its Office Footprint

    Phoenix, Arizona – David M. Genovese, Avison Young Principal and Managing Director in Arizona, announced today that the firm’s Phoenix office is expanding. It has signed a new, six-year lease totaling nearly 12,000 square feet (sf) that will accommodate its growing team as well as elevate its corporate identity within the greater Phoenix area. The new offices

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  • CBRE Arranges Sale-Leaseback of Tempe Creative Office Building for $314/PSF

    CBRE Arranges Sale-Leaseback of Tempe Creative Office Building for $314/PSF

    Phoenix, Arizona – CBRE announced the $8.4 million or $314/PSF sale-leaseback of 1860 West University, a 26,750-square-foot creative office building in Tempe, Arizona. Oregon-based Pinnacle Healthcare acquired the property from iT1 Source, LLC, an IT solutions company, in a 1031 exchange. iT1 Source will continue to occupy the property through a long-term lease. Geoff Turbow, Matt Pourcho,

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  • Cushman & Wakefield Arranges the Sale of The Groves for $18.5 Million

    Cushman & Wakefield Arranges the Sale of The Groves for $18.5 Million

    Phoenix, Arizona – Cushman & Wakefield completed the sale of The Groves, a Walmart shadow anchored shopping center located in Tempe, Ariz. Jabbel Holdings, LLC purchased the property for $18.5 million.Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.The Groves is a 169,606-square-foot shopping center located

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  • SkySong 6 Design Plans Presented to City for Review, With Construction on New Building Scheduled to Start in May 2020

    SkySong 6 Design Plans Presented to City for Review, With Construction on New Building Scheduled to Start in May 2020

    Scottsdale, Arizona — The developers of SkySong, The ASU Scottsdale Innovation Center have filed for design approval with the City of Scottsdale for SkySong 6, which will be the largest building in the project.  SkySong 6 will be the next building to be constructed at SkySong, with construction now scheduled to begin in May 2020.

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  • Tower Capital Closes $60.5 Million Loan for Liv Goodyear

    Tower Capital Closes $60.5 Million Loan for Liv Goodyear

    Phoenix, Arizona – Tower Capital, Phoenix-based commercial real estate finance firm, has closed a $60.5 million acquisition loan for Liv Goodyear, a brand-new, Class A, multifamily apartment community. Located at the southeast corner of West Virginia Avenue and 153rd Drive in one of the fastest-growing cities in Arizona, Liv Goodyear is a 326-unit institutional-quality apartment

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