LOS ANGELES— Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.
NEW & NOTABLE
PHOENIX—CBRE has promoted Bryce Terveen to SVP with CBRE Advisory & Transaction Services. Terveen came to CBRE in 2005 following a six-year career as a professional baseball player with the Atlanta Braves and Seattle Mariners. As a member of CBRE's Phoenix office, he specializes in tenant representation and strategically guides corporate occupiers through the process of leasing, buying or disposing of office space.
LOS ANGELES—BBG has completed the acquisition of Abergel & Associates, a full-service commercial real-estate appraisal firm in Los Angeles, CA. Terms of the acquisition were not disclosed. In his new role, Abergel will join the BBG team as Managing Director of the Los Angeles office. He will be responsible for overseeing the office's operations, creating new business opportunities, and quality control. The acquisition of Abergel & Associates is BBG's second acquisition in the Western Region within the past year. In September, BBG acquired Denver-based Commercial Valuation Consultants.
PHOENIX—The Discovery Triangle Development Corporation has appointed Alisa Lyons of SLOAN LYONS Public Affairs as its new CEO. Lyons succeeds Don Keuth, founder of DTDC who passed away in early 2017. With this appointment, Lyons, who joined the consultant team to the DTDC in 2010, will expand her leadership and consulting responsibilities within the organization. Lyons is principal of SLOAN LYONS Public Affairs, which advocates for clients with cities and towns, with industry expertise including workforce and economic development, commercial real estate development advocacy, and strategic support for not-for-profit organizations.
DEALTRACKER
COSTA MESA, CA—Marcus & Millichap has closed the sale of a Norms Restaurant in Costa Mesa. The 5,727-square foot net-leased sold for $5.3 million to an individual/personal trust. Mike James, Senior Managing Director Investments and Glen D. Kunofsky, Executive Managing Director Investments in Marcus & Millichap's Encino office, had the exclusive listing to market the property on behalf of the seller, and buyer.
PHOENIX—Cushman & Wakefield has signed a 34,000-square-foot office lease for the third and fourth floors of the Esplanade complex in the Camelback Corridor. Cushman & Wakefield was looking for a new Phoenix office following the merger between the brokerage firm and DTZ in September 2015. The new Esplanade office will give Cushman & Wakefield a high-profile location to grow its Phoenix operations in a competitive industry. The Phoenix office, which will house approximately 200 employees, is part of Cushman & Wakefield's global initiative focused on the firm's corporate real estate strategy, which includes workplace productivity, flexibility and employee wellness/engagement.
PHOENIX—Commercial Properties has sold more than 61,800 square feet of investment deals located in Mesa, Arizona. First, near Falcon Field in Mesa, Andy Jaffe and Rex Griswold recently closed on 3450 & 3519 N Higley Road, a 18,946 square foot office property which was built in 2005. Andy Jaffe and Rex Griswold represented the seller. Brandon Koplin of CPI represented the 1031 buyer, CRE Strategic Investment. CRE Strategic Investment acquired the property for $2.25 million. Second, Andy Jaffe and Rex Griswold represented the buyer, Outlaw 5, LLC, in the purchase of a 23,427 square foot retail property at 819 E Main Street in Mesa for $900,000. Third, Seth Properties LLC purchased a medical office condominium at 4838 E Baseline Road in the Commons at Pierpont in Mesa for $1.9 million. Jaffe and Griswold represented the seller of the 19,455 former heart surgery center.
LOS ANGELES— Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.
NEW & NOTABLE
PHOENIX—CBRE has promoted Bryce Terveen to SVP with CBRE Advisory & Transaction Services. Terveen came to CBRE in 2005 following a six-year career as a professional baseball player with the
LOS ANGELES—BBG has completed the acquisition of Abergel & Associates, a full-service commercial real-estate appraisal firm in Los Angeles, CA. Terms of the acquisition were not disclosed. In his new role, Abergel will join the BBG team as Managing Director of the Los Angeles office. He will be responsible for overseeing the office's operations, creating new business opportunities, and quality control. The acquisition of Abergel & Associates is BBG's second acquisition in the Western Region within the past year. In September, BBG acquired Denver-based Commercial Valuation Consultants.
PHOENIX—The Discovery Triangle Development Corporation has appointed Alisa Lyons of SLOAN LYONS Public Affairs as its new CEO. Lyons succeeds Don Keuth, founder of DTDC who passed away in early 2017. With this appointment, Lyons, who joined the consultant team to the DTDC in 2010, will expand her leadership and consulting responsibilities within the organization. Lyons is principal of SLOAN LYONS Public Affairs, which advocates for clients with cities and towns, with industry expertise including workforce and economic development, commercial real estate development advocacy, and strategic support for not-for-profit organizations.
DEALTRACKER
COSTA MESA, CA—Marcus & Millichap has closed the sale of a Norms Restaurant in Costa Mesa. The 5,727-square foot net-leased sold for $5.3 million to an individual/personal trust. Mike James, Senior Managing Director Investments and Glen D. Kunofsky, Executive Managing Director Investments in Marcus & Millichap's Encino office, had the exclusive listing to market the property on behalf of the seller, and buyer.
PHOENIX—Cushman & Wakefield has signed a 34,000-square-foot office lease for the third and fourth floors of the Esplanade complex in the Camelback Corridor. Cushman & Wakefield was looking for a new Phoenix office following the merger between the brokerage firm and DTZ in September 2015. The new Esplanade office will give Cushman & Wakefield a high-profile location to grow its Phoenix operations in a competitive industry. The Phoenix office, which will house approximately 200 employees, is part of Cushman & Wakefield's global initiative focused on the firm's corporate real estate strategy, which includes workplace productivity, flexibility and employee wellness/engagement.
PHOENIX—Commercial Properties has sold more than 61,800 square feet of investment deals located in Mesa, Arizona. First, near Falcon Field in Mesa, Andy Jaffe and Rex Griswold recently closed on 3450 & 3519 N Higley Road, a 18,946 square foot office property which was built in 2005. Andy Jaffe and Rex Griswold represented the seller. Brandon Koplin of CPI represented the 1031 buyer, CRE Strategic Investment. CRE Strategic Investment acquired the property for $2.25 million. Second, Andy Jaffe and Rex Griswold represented the buyer, Outlaw 5, LLC, in the purchase of a 23,427 square foot retail property at 819 E Main Street in Mesa for $900,000. Third, Seth Properties LLC purchased a medical office condominium at 4838 E Baseline Road in the Commons at Pierpont in Mesa for $1.9 million. Jaffe and Griswold represented the seller of the 19,455 former heart surgery center.
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