Phoenix

  • 24-Property Portfolio Sells for $40M

    TUCSON—CBRE has completed the sale of a twenty-four property gas station and convenience store portfolio for properties in Tucson and throughout Southern Arizona. The portfolio commanded a sale price of $39.75 million.

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  • ULI Trends Day: Infrastructure Reigns

    PHOENIX—Urban Land Institute Arizona Trends Day this week at The Phoenician in Scottsdale attracted 900 participants and covered a wide array of topics from “Reviving the Economy: Phoenix Open & Super Bowl,” to “Expanding Horizons: Land and Residential Market View.”

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  • SIR, Cole Corporate Finalize Merger

    NEWTON, MA—“This acquisition significantly diversifies the company and enhances all of our key portfolio metrics,” says Select Income’s David Blackman, who now presides over a net lease REIT with a 43-million-square-foot portfolio.

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  • Soilworks Takes World HQ to Scottsdale

    PHOENIX—On behalf of Arizona-based Soilworks, the Phoenix office of Jones Lang LaSalle has completed a class A office lease in Scottsdale that establishes a new world headquarters for the company, a leader in dust control and soil stabilization technology.

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  • Exeter Buys Prologis Warehouse for $24M

    PHOENIX—Colliers International in Greater Phoenix recently completed the sale of a 486,241-square-foot warehouse in Phoenix for $24.25 million. Exeter Property Group, headquartered in Philadelphia, bought the property, at 5555 W. Lower Buckeye Rd., from Prologis Inc., a San Francisco-based REIT.

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  • Class A Retail Center Goes for $17M

    TUCSON—ORION Investment Real Estate completed the sale of Paloma Village Center in Tucson. The 37,739-square-foot center sold for $17.2 million to HRA Paloma LP, a commercial real estate entity affiliated with Hannay Realty Advisors based in Phoenix.

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  • On the Move at C&W, ABI

    PHOENIX—Matt Nebeker has rejoined the Office Properties Division of Cushman & Wakefield of Arizona, Inc. Nebeker is a 10-year veteran of the Phoenix commercial real estate industry, focusing on East Valley office leasing.

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  • After Hours with Colliers’ Bob Mulhern

    PHOENIX—Bob Mulhern is managing director of Colliers International in Greater Phoenix, a full-service commercial real estate firm providing integrated services to clients locally and globally for more than 30 years. Mulhern manages the brokerage operations of two offices located in Phoenix and Scottsdale, with more than 100 professionals. GlobeSt.com caught up with Mulhern to find out just what he does After Hours.

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  • Palisades Grabs $35M Office Asset

    PHOENIX—Palisades Private Capital Fund I, a $50-million fund sponsored by Palisades Mexico Partners, has acquired, 4141 N. Scottsdale Rd., a 147,356-square-foot, 91.3% leased, three-story class A office building in Scottsdale.

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  • Target and US Bank Sell for $12M

    PHOENIX—Tempe-based Hudson Retail Center, LLC has sold two single-tenant, net-leased investment properties in Tempe to Rosebud Tempe One, LLC of Palm Beach. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road.

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  • Groundbreaking Marks Start of Waypoint

    PHOENIX—Officials from Harvard Investments, Lincoln Property Company, the city of Mesa and anchor tenant American Traffic Solutions were on hand for the groundbreaking of Waypoint, a two-building, 258-square-foot class A office campus in Mesa, that is nearly 50% pre-leased to ATS.

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  • Deal Tracker: Office and Multifamily

    PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. completes the nearly $5 million sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet.

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  • LGE Constructs 50K SF Center for NPL

    PHOENIX—LGE Design Build has constructed a 50,000-square-foot regional operations center for NPL Construction Co., an energy distribution contractor. The project consists of a two-story operations facility, located at 7326 N. Glen Harbor Blvd. in Glendale.

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  • Apartments on Cave Creek Sell for $43M

    PHOENIX—TM Equities of Salt Lake City has purchased Trillium Cave Creek, a 292-unit apartment community located at 20050 N. Cave Creek Rd. in Phoenix, from Phoenix-based Trillium Residential.

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  • El Conquistador Sells, Ready for Revamp

    TUCSON— New York City-based MetLife sold the Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club located in Tucson to Tucson-based HSL Properties.

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  • Kierland II Sells for $49M

    PHOENIX—CBRE has negotiated the sale of Kierland II located at 16260 N 71st St. in Scottsdale. The 237,875-square-foot office building commanded a sale price of $49.15 million.

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  • Value-Add Market Tightening Up

    PHOENIX—There are still value-add properties on the market, according to Steve Jaffe, who has recently been promoted to chief investment officer and principal of BH Properties. With the 100th and highest valued asset acquired to date on the books, BH Properties is making shifts in the firm’s buying strategy. Jaffe talks to GlobeSt.com about the latest acquisition and the firm’s plans for the future.

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  • Crane Counts Show Multifamily Dominates

    PHOENIX—The lion’s share of tower cranes looming over construction sites in major cities goes to rental and condominium projects, according to Rider Levett Bucknall’s new index.

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  • MF Rebranding Starts With the Community

    NEWPORT BEACH, CA—Giving a property the right name and common amenities rather than concentrating on unit renovation will yield better results, Thomas Bradford Communities’ Mitchell Bradford tells GlobeSt.com EXCLUSIVELY .

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  • One MacDonald Center Welcomes DCS

    PHOENIX—The Arizona Department of Child Safety leased 27,340 square feet at One MacDonaldCenter, 1 N. MacDonald Drive in Mesa. The Arizona Department of Child Safety leased the first, third, and fourth floors and now brings One MacDonald Center to 92% occupancy.

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