Phoenix

  • Real Estate Forum’s Pioneering Projects

    Developments That Make a Difference

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  • LGE Completes Expansion of Medical Campus

    PHOENIX—LGE Design Build has completed construction on a 47,863-square-foot, two-story $9.5 million building for the Southwest College of Naturopathic Medicine in Tempe.

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  • Daum Signs Mattress Firm as First Tenant

    PHOENIX—Colliers International in Greater Phoenix recently completed the sale of 21.2 acres of land in Tolleson, where a 386,100-square foot cross dock distribution building is to be completed by December of this year.

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  • Big Office Tenants Feeling the Squeeze

    PHOENIX—Large office tenants seeking space in Metro Phoenix are feeling the squeeze as the market tightens and big blocks of space are a scarce commodity, according to a report released today by Cushman & Wakefield of Arizona, Inc.

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  • Wetta Ventures Takes On Midtown Again

    PHOENIX—Wetta Ventures is redeveloping a prime piece of Camelback Corridor commercial space on the northwest corner of Camelback Road and 20th Street in Phoenix across from The Shops at Town & Country and Camelback Colonnade.

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  • Gilbert Apartments Trade for $14M

    PHOENIX—Clear Sky Vintage, LP purchased The Vintage, a 106-unit apartment community at 1303 West Juniper Avenue in Gilbert, for $14.25 million. The seller was Vintage Gilbert, LLC..

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  • Camelback Corridor Office Trades for $58M

    PHOENIX—Lincoln Property Company and funds managed by Oaktree Capital Management, L.P. have completed the $58 million purchase of Biltmore Commerce Center, a class A, institutional-quality office building located in the heart of Phoenix’s coveted Camelback Corridor.

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  • State Farm Building Trades for $23M

    PHOENIX—CBRE has completed the sale of Gateway Four, a 137,069-square-foot, single-tenant office building, located at 444 N. 44th St. in Phoenix.

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  • Developers Jumping Into Healthcare Field

    MINNEAPOLIS—The ACA has made it imperative for healthcare providers to build more retail-like facilities, and Opus, one of the nation’s better-known developers, sees opportunities.

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  • Ducey Signs NAIOP-Supported Bill

    PHOENIX—A bill supported by NAIOP Arizona prohibiting a municipality from requiring an owner, operator or tenant of a business, commercial building or multifamily property from measuring and reporting energy usage and consumption or face a fine was signed by Governor Doug Ducey.

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  • Capturing Gen Z’s Attention in Student Housing

    Are you effectively communicating with Generation Z for you student housing marketing strategy? GlobeSt.com recently caught up with Alexis Krisay, a partner and the vice president of marketing for Serendipit Consulting, a public relations, marketing, branding and event-planning firm with a specialization in the student housing market, to get her take on the latest trends.

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  • Verrado Main Street Trades Hands

    PHOENIX—CBRE has completed the sale of the Verrado Main Street located in the master planned community of Verrado in Buckeye.

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  • Bashas’-Anchored Center Trades for $15M

    PAYSON—Faris Lee Investments has completed the $15 million sale of Payson Village Center in Payson. The grocery-anchored center includes Bashas’, a well-established Arizona grocery operator.

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  • 70K SF in New Leases, Renewals at The Esplanade

    PHOENIX—The Esplanade is re-asserting its position on the Camelback Corridor with 70,000 square feet in new leases and renewals completed by the Phoenix office of JLL, and a $9 million renovation in the works by MetLife, Inc., owner of The Esplanade buildings I, II, IV and V.

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  • CBRE Welcomes First VP of Retail Leasing

    PHOENIX—LeDonna Spongberg, a retail leasing professional, has joined the CBRE’s Phoenix office as a first vice president.

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  • Mattress Firm Continues Expansion

    PHOENIX—X Team International announced that partner Velocity Retail Group, based in Phoenix, represented Mattress Firm on three different leases throughout the state of Arizona.

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  • Sale Saves Glendale Apartments From Foreclosure

    PHOENIX—ABI Multifamily has closed the sale of a 276-unit, multifamily property, Glendale Commons Apartments. The buyer is a partnership through Dalan Management; the seller is a partnership through NV Investments, LP, based in Folsom, CA.

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  • Deal-Tracker: Office and Industrial

    PHOENIX—In this edition of Deal-Tracker, a 94,885 square foot South Phoenix distribution building at 2021 E. Jones Ave. in Phoenix, sold for $5.12 million.

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  • Bifurcation in Two Forms

    PHOENIX—Lee & Associates’ Craig Coppola sees a clear and growing distinction between the classes of office space. Interestingly, he’s seeing another split in service providers.

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  • P.B. Bell Brings 286 Units to Glendale

    PHOENIX—The P.B. Bell Companies has begun construction on Velaire at Aspera, an apartment community within the Aspera mixed-use development in Glendale.

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