Phoenix

  • 40K SF Lease at Papago Tech Center

    PHOENIX—CBRE has completed a 40,000-square-foot office lease at Papago Technology Center located at 1700 N. Desert Drive in Tempe.

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  • EXCLUSIVE: SVN President Speaks on Gender Equality

    PHOENIX—President and CEO of Sperry Van Ness International Corporation Kevin Maggiacomo is leading the way for gender equality in the world of commercial real estate and beyond. GlobeSt.com recently caught up with Maggiacomo for this exclusive interview to discuss the issues of gender and why more women in commercial real estate makes great business sense.

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  • EXCLUSIVE: Hot Market MF Sells

    TUCSON—Berkadia Commercial Mortgage LLC announces the sale of Zona Rio, located at 1001 West St. Mary's Road in Tucson. The seller was an entity of Capital Texas Properties of Austin. The buyer was Zona Rio Investors LLC of Newport Beach.

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  • Molly Busch Joins CBRE

    PHOENIX—Molly Busch has joined CBRE’S capital markets group in Phoenix. A senior associate, Busch will partner with vice president Andrew Fosberg. The duo focuses on investment sales with an emphasis in retail properties.

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  • Deal-Tracker: RV Park on I-17 Sells

    PHOENIX—In this week’s Deal-Tracker, Marcus & Millichap announce the sale of Covered Wagon RV Park, 44 RV sites, two mobile home sites and an office built on 3.27 acres in Phoenix.

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  • Elontec Relocation Brings 100% Occupancy

    PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease at Freeport Industrial Center, 5502 W. Buckeye Ave. Elontec willl consolidate its operations and relocate its corporate headquarters to the property. This lease brings the 103,400-square-foot Freeport Industrial Center to 100% occupancy.

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  • Xceligent Expanding Phoenix and Vegas Team

    PHOENIX—Xceligent, Inc. announces that David Verwer and Andy Weflen have joined the Xceligent team in the Phoenix and Las Vegas regions.

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  • AZ NAIOP Soundly Rejects Prop. 480

    PHOENIX—The NAIOP Arizona board of directors has unanimously opposes Prop 480, an item on the Nov. 4 general election ballot that asks Maricopa County voters to approve a $1.4 billion general obligation bond over 27 years for the Maricopa Integrated Health System.

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  • Team to Redevelop Tempe Property

    PHOENIX–Wentworth Property Company and Northwood Investors purchased a 234,446-square-foot office project at 1665 W. Alameda Dr. The partners had the vision to see the unique potential in the property and purchased it for $13.83 million with plans to spend $20 to $25 million on redeveloping the project.

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  • 600 Workers to Move to Mesa

    PHOENIX—Harvard Investments, Lincoln Property Company and American Traffic Solutions announce that ATS will be relocating over 600 employees to Waypoint, a new Class A office campus located in Mesa.

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  • Renovation Complete at Biltmore Commerce Center

    PHOENIX—DPC Development announces the completion of the interior and exterior renovation of Biltmore Commerce Center, a 260,000-square-foot, Class A office building at 3200 E. Camelback Rd.

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  • 110K SF Lease at Canal Crossing

    PHOENIX—A leading auto aftermarket company has signed a 10-year-plus lease for 109,060 square feet at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction.

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  • C&W Inks Leases at Scottsdale Office Center

    PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated 21,085 square feet of new leases at Scottsdale Executive Office Center, 15880, 15990 and 16100 N. Greenway-Hayden Loop.

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  • Business Park Trades for $14M

    PHOENIX—Lee & Associates announces the sale of the two-building Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa for $14 million. Total square footage for the project was 101,411.

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  • Helix Acquires Two Commercial Properties

    PHOENIX—Helix, a Phoenix-based commercial real estate brokerage, management, investment services and development company, recently acquired two new commercial properties: Pebble Creek Plaza Retail Pads in Goodyear and Zanjero Falls in Glendale.

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  • Senior Housing, Multifamily Join Forces

    PHOENIX—IPA, an operator of multifamily communities in Michigan and Arizona, and Retirement Community Specialists, Inc., an operator of luxury senior housing communities in Arizona, recently announced they have joined together under the same umbrella company, IPA, LLC.

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  • High Tech Spills into Suburbs

    PHOENIX—As goes the high-tech industry, so goes opportunity. Once a high-tech company anchors a neighborhood, housing prices rise, new amenities spring up and unemployment dips.

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  • Opportunistic Partnership Grows in Southwest

    PHOENIX—Santa Ana-based MCA Realty has partnered with HG Capital to acquire a 72,241-square-foot industrial and manufacturing asset located at 6720 S. Clementine Court in Tempe.

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  • AZ, Southwest Net Lease, ‘Feeding Frenzy’

    SCOTTSDALE, AZ—According to a source we spoke with in this EXCLUSIVE Q&A, properties in the net lease retail space are being sold at near record cap rates.

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  • Cody Kollmann Joins C&W

    PHOENIX— Cody Kollmann has joined Cushman & Wakefield of Arizona, Inc. as an associate in the Office Division of the Tenant Representation Group.

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