Phoenix

  • Village Center Included in $150M Portfolio Sale

    PHOENIX—CBRE has completed the sale of the Phillips-Edison Fund IV Portfolio. The nine-property retail portfolio sold for $150 million and totals over 1.35 million square feet. It includes grocery-anchored Village Center in Phoenix.

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  • Price Corridor Facility Goes for $13M

    PHOENIX—A 69,429-square-foot ex-manufacturing facility and an adjacent 2.97-acre parcel at 1800 S. Price Rd. in Chandler has sold for $12.7 million.

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  • Dunbar Acquires Class A Flex Project

    PHOENIX—Dunbar Real Estate Investment Management announces the acquisition of Cabot Business Center located at 3802-3922 E. University Dr. The Flex/R&D project consists of five separate buildings in the Sky Harbor Airport submarket of Phoenix.

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  • Noble and Orcutt Named Market Leaders

    PHOENIX—Cushman & Wakefield Inc. has named Jerry Noble and Jackie Orcutt as Market Leaders of its Arizona operations in Phoenix. Noble and Orcutt have previously served as leading commercial real estate professionals for C&W in Phoenix.

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  • Scottsdale Apartments Sell for $43M

    PHOENIX—CBRE has completed the sale of the Sonoran Vista apartment community, a 264-unit apartment complex located at 9340 E. Redfield Rd. in Scottsdale. The multifamily asset, which is situated in the heart of the North Scottsdale submarket was 95 percent leased at time of sale.

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  • $22M Sale of Flex-Office in Deer Valley

    Phoenix—Daum Commercial Real Estate Services has negotiated the all-cash, $21.6 million sale of a 145,000-square-foot flex-office showroom project located at 2851 W. Kathleen Road in the Deer Valley submarket.

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  • Lincoln Acquires Freeport Distribution Center

    PHOENIX—Lincoln Property Company has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix.

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  • Canadian Investor Purchases Marley Park Plaza

    PHOENIX—Cassidy Turley announces the sale of Marley Park Plaza, a 77,545-square-foot, grocery-anchored neighborhood shopping center at 15411 W. Waddell Road in Surprise.

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  • 436-Unit Sale of Carleton Club

    PHOENIX—Colliers International in Greater Phoenix recently completed the sale of the 436-unit Carleton Club Apartments, a class B complex in Phoenix, for $22.25 million.

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  • $36M Sale of Symphony Apartments

    PHOENIX—CBRE has completed the sale of the Symphony Apartments, a 234-unit apartment complex located at 2225 W. Frye Rd. in Chandler.

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  • Exclusive: Ventana Medical to Lease 60K SF

    TUCSON—An affiliate of Cottonwood Properties announced they will be constructing and leasing a 60,000 square foot distribution facility for Ventana Medical Systems, Inc., a member of the Roche Group.

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  • Passco Forms JV for 270-Unit Multifamily

    TEMPE, AZ—Ovation at Tempe was sold to a new partnership forged by Passco and InSite.

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  • Flex Park Changes Hands

    PHOENIX—Cabot Business Center, a five-building flex/R&D center was acquired by Dunbar.

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  • Skywater at Tempe Town Lake Opens

    PHOENIX—Resmark Apartment Living and Lennar Multifamily Communities announce the opening of a new luxury apartment community, Skywater at Town Lake, in Tempe. The community has completed the first group of apartment units and will welcome its first residents this month.

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  • At Home Finds Big Box Location

    PHOENIX—X Team International announces that partner Velocity Retail Group has completed a lease with At Home for a 104,967-square-foot At Home retail store in Tempe.

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  • Nonprofit Aids Multifamily Market

    PHOENIX—Rainbow Housing Assistance Corporation is a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country. Rainbow seeks to create and preserve quality, affordable housing for families and individuals of diverse ethnic, social and economic backgrounds. Flynann Janisse is the executive director of Rainbow and GlobeSt.com caught up with her to find out more about the organization and how it assists in stabilizing the multifamily market.

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  • Company Provides Cloud-Based CRE Solutions

    PHOENIX—F9Analytics was founded to deliver technology centric financial solutions to the commercial real estate industry. F9Analytics, through its direct and corporate enterprise cloud services, provides companies, property investors, and property service firms cloud technologies to simplify the complexity of property finance. GlobeSt.com spoke with founder and CEO John Cona to find out more about his company’s function.

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  • Healthcare Sector Outpaces Overall Gains

    PHOENIX—Colliers International’s second quarter medical office report was recently released. GlobeSt.com spoke with Michael Dupuy, associate vice president at Colliers, to get his take on the market.

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  • Retail Bounce-Back After Slow Start

    PHOENIX—Colliers International recently released its second quarter retail findings. GlobeSt.com caught up with Colliers’ research manager Pete O’Neil to get his take on the numbers.

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  • Glimcher Breaks Ground on Scottsdale Quarter

    PHOENIX—Glimcher Realty Trust has broken ground on Block M at Scottsdale Quarter, a six-story, approximately 170,000-square-foot class A, mixed-use building in North Scottsdale.

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