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• Recent Phoenix Medical Office Leases Total Up to Almost 30k sf of Space
8/12/09
We’ve got some recent medical office leasing activity in Phoenix to report, most notably Apogee Medical Group’s five-year renewal for 10.8k sf of space on the top floor of Esplanade II, a 235.1k sf office building at 2525 Ea...
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• Transwestern Awarded Management Assignment for New 485k sf Phoenix Tower
8/05/09
Transwestern’s Management Services just landed a major assignment in Phoenix as Mesirow Financial Real Estate has awarded Transwestern the management contract for One Central Park East (1CPE). The yet-to-be-completed office t...
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• Glendale, AZ Apartment Sells for $19k/Unit
7/30/09
Here’s the scoop on a recent multifamily sale from Arizona, as Glen Park, an 88-unit property in the city of Glendale, sold for $1.7 mil, or about $19.3k/unit. The property, located at 6301 North 64th Dr, north of Camelback R...
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• Capital Commercial Investments Picks Up Former Motorola Campus in Chandler
7/29/09
In a major Arizona real estate sale, Capital Commercial Investments Inc (CCI) has acquired the former Motorola campus, a two-story, 512k sf hybrid corporate office/R&D facility located on 152 acres at 2501 S. Price Rd in Chan...
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• Abrazo Health Care Takes 12k sf of Phoenix Office Space
7/22/09
Abrazo Health Care leased 12.2k sf of space in a brand new, Class A medical office building located at 3805 E Bell Rd in Phoenix’s Paradise Valley Medical Plaza. The seven-year transaction has a total value of $2 mil, for an ...
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• US Bureau of Indian Affairs Takes 58k sf at Phoenix Office Tower
7/16/09
Adler Realty Investments recently inked a number of leases, totaling 80k sf, at its 2600 North Central office tower in Phoenix. John Bonnell, Jason Moore and Brett Abramson of Grubb & Ellis are the listing brokers at the pro...
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• Santa Fe Medical Office Property Trades for $13.8 Mil
7/07/09
Physicians Plaza of Santa Fe, a 50.5k sf medical office building in Santa Fe, NM was acquired by Supportco Properties for $13.8 mil, or $273/sf. Built in 2004, Physicians Plaza of Santa Fe is a two-story,
multi-tenant medical...
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• Highland Sells 27 Homes at New Gilbert, AZ Development
7/06/09
In a positive sign for the AZ home market, Highland Homes has sold 27 single-family homes in less than three weeks at Stone Bridge, a new 72-unit fully entitled master-planned community near Higley and Ray roads in Gilbert, p...
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• CyraCom Inks Lease for 30k sf in Tucson
7/01/09
CyraCom International Inc, a leading provider of language solutions for the healthcare industry, has signed a five-year lease for 30k sf at the Tucson Airport Center. CyraCom plans to use the space, located at 2801 and 2849 ...
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• Mid-America Apartments Pays $17.5 Mil for Nice Sky View
6/25/09
Sky View Ranch, a 232-unit apartment community located at 4632 East Germann Rd in Gilbert, AZ, sold for $17.5 mil ($75.4k/unit). Constructed in 2007, Sky View Ranch is a Class A asset that consists of 11 three-story buildings...
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• Investor Picks Up Colorado Apartment Community for $20.5k/Unit
6/23/09
Sand Creek Apartments, a 126-unit multifamily property in Aurora, CO, sold for $2.58 mil, or about $20.5k/unit. The property is located at 14155 East Montview Blvd, north of Colfax Ave and just east of I-225. Aurora is a city...
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• Pair of Phoenix Industrial Buildings Refinanced with New $3.8 Mil First
6/22/09
In recent industry news from Phoenix, NorthMarq Capital arranged a $3.825 mil first mortgage on two industrial buildings totaling 324.5k sf in the city. One of the buildings, 615 S. 56th Ave, contains 137.3k sf, while the oth...
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• Stonecraft Homes Closes $20 Mil AZ Apartment Buy
6/18/09
Villagio, a 472-unit apartment community in Tempe, AZ, was acquired by Los Angeles-based Stonecraft Homes in a recent transaction worth $20.25 mil ($42.9k/unit). Constructed in 1983, the property is located at 1133 West Basel...
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• Western National Property Management Kicks Off Expansion Program
6/16/09
In an effort to grow its third-party fee management portfolio, OC-based Western National Property Management has initiated an expansion program in the Western US. The firm has opened an office in Phoenix, AZ, led by 20-year i...
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• Classic Denver Apartment Building Sells for Just Over $2 Mil
6/03/09
A classic 1930s apartment building in a popular part of Denver, just three blocks from downtown, sold in a recent $2.12 mil ($32.1k/unit) deal. The 66-unit property, called Winbro, is located at 1620 Grant St, a block north o...
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• Chandler Investor Shops at Wal-Mart Marketside
6/01/09
Here’s the scoop on an interesting retail sale from Arizona, as a 17.1k sf Wal-Mart Marketside grocery store in Chandler sold for $5.4 mil ($316/sf). The property is situated on 2.4 acres at 950 North McQueen Rd, south of Ray...
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• National Council of Juvenile and Family Court Judges Inks New Lease in Downtown Reno
5/28/09
The National Council of Juvenile and Family Court Judges (NCJFCJ) recently agreed to 66-month expansion lease in downtown Reno, giving them a total of 9.6k sf at West Liberty Plaza, located at 50 West Liberty. The building is...
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• Pacific Office Properties Signs Two at City Square
5/22/09
Pacific Office Properties Trust recently signed leases with two tenants at City Square, a mixed-use development located at 3800 North Central Ave, north of I-10 and east of I-17 in Phoenix. John Bonnell, Jason Moore and Brett...
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• Phoenix Investment Brokerage Starts New Firm in Scottsdale
5/18/09
ORION Investment Real Estate Solutions, a new brokerage firm specializing in the sale of commercial properties throughout the Southwest, was just launched by Phoenix retail investment broker Ari Spiro. Sean Stutzman, a six-...
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• Retail Investors Find Paradise in Phoenix
5/14/09
Macerich, the Santa Monica-based mall owner/operator, sold four ground-leased single-tenant retail properties at the Paradise Valley Mall in Phoenix for a total of $4.6 mil. The properties include Arby’s/Wendy’s, Jared Galler...
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