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• GSS Breaks Ground on 150-Acre Industrial Park in Casa Grande
7/10/08
Scottsdale-based GSS Companies Inc just broke ground on Central Arizona Commerce Park, a planned 150-acre industrial park situated 1.5 miles south of the Union Pacific Railroad main line and 2.5 miles north of I-8, at the edg...
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• Pro Moves
7/09/08
Tim Regan has been appointed Manager of Voit Development Company’s Phoenix office, where he’ll oversee all aspects of the development operations of that office. Regan, who will remain Vice President of Development & Acquisi...
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• Buyer Spends $96/sf on Phoenix Industrial Building
7/03/08
A 25k sf industrial building in Phoenix was acquired by Garren Development for $2.4 mil ($96/sf). The facility is situated on 2.92 acres at 4724 West Roosevelt St, just south of the heavily traveled I-10 Fwy. It features 34’ ...
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• HFF Arranges $39 Mil in Construction and Joint Venture Money for Sparks Multifamily Project
7/02/08
The Orange County office of Holliday Fenoglio Fowler L.P. (HFF) arranged a $29.5 mil construction loan and $9.5 mil in joint venture equity for the development of Pioneer Meadows, a 300-unit Class A multifamily development to...
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• Scottsdale Apartment Property Fetches $155k/Unit
7/01/08
A private investor from Regina, Saskatchewan paid $3.1 mil for Fountain Villas, a 20-unit ($155k/unit) apartment community in Scottsdale, AZ. The community, a failed condo conversion that was recently renovated, is located at...
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• Pro Moves
6/27/08
Glenn Frey and Rich Montague have been promoted to Senior Project Managers in the Phoenix headquarters office of Opus West Construction Corporation, the design-build subsidiary of Opus West Corporation.
Rich Montague now ove...
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• La Forgia Named Principal at The Atalon Group
6/20/08
The Atalon Group has named Robert M. La Forgia as Principal in the national real estate operational turnaround and corporate recovery management firm. La Forgia was formerly Executive Vice President and Chief Financial Office...
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• Scottsdale Apartment Communities Fetches $22 Mil
6/18/08
McCormick Place North and McCormick Place South, two adjoining multifamily communities totaling 230 units in Scottsdale, AZ, were acquired by a local investment entity for $21.85 mil ($95k/unit). The properties, one with 112 ...
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• Voit Wraps Up Work on 898k sf Biz Park in Henderson, NV
6/12/08
The fourth and final phase of Pacific Business Center, a 13-building, 898.4k sf business park in Henderson, NV, has now been completed. The park was built by Voit Development Company as a third-party fee development project f...
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• Pro Moves
6/11/08
Opus West Corp has promoted Jason Meszaros to the position of Director, Real Estate Development in the company’s Phoenix headquarters office. In his new position, Meszaros will play a more active role in pursuing and conceptu...
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• Southwest Deal Update
6/10/08
GUNNISON, CO (Gunnison County) -- Pennbridge Capital purchased the Holiday Inn Express Hotel and Suites located on Tomichi Avenue in a Tenant-In-Common acquisition. The hotel, which was built in 2006 and contains 84 standard ...
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• Newmark Realty Capital Arranges $69.5 Mil on Vegas Retail Project
5/22/08
Newmark Realty Capital Inc and Teachers Insurance and Annuity Association (TIAA-CREF) have rolled the dice on a new retail project in Las Vegas, having arranged financing of $69.5 mil for the Blue Diamond Crossing center. The...
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• Netherlands Investor Spends $33 Mil on Tucson Retail Center
5/20/08
A 140.7k sf retail center in Southeast Tucson traded hands in a $33.1 mil ($235/sf) cash transaction. The property, Old Spanish Trail Marketplace, is located near the intersection of East 22nd St and Harrison Rd in a thriving...
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• Macy’s to Open Two New Phoenix-Area Stores
5/16/08
Phoenix-area residents will soon find it easier it much easier to shop at Macy’s, as the big department store chain has plans in motion for the opening of new stores at two major regional shopping centers within the Metro Pho...
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• Holliday Fenoglio Fowler Arranges $24.7 Mil for Phoenix Multifamily Project
5/13/08
West Town Court, a planned 274-unit multifamily development in Phoenix, is expected to get underway after receiving $24.7 mil in construction money in a financing deal arranged by Holliday Fenoglio Fowler. Estimated for compl...
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• Tucson Biz Park Sells for $6 Mil
5/08/08
A 73.9k sf multi-tenant business park in Tucson, AZ was acquired by Phoenix-based Presson Corporation in a $5.9 mil ($80/sf). The property, Midpoint Plaza, is located next to the Davis-Monthan Air Force Base at 1801 S. Alvern...
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• HG Capital and Newport Real Estate Services Acquire Phoenix Industrial Portfolio
5/07/08
HG Capital LLC and Newport Real Estate Services Inc have joined forces in an industrial value-add venture in Phoenix. The partnership acquired a portfolio of 11 buildings, totaling 375k sf, which they intend to renovate and t...
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• Southwest Pro Moves
5/05/08
Carl K. Johnson and Benjamin L. Johnson joined the Phoenix office of DAUM Commercial Real Estate Services, where the father and son team will continue to handle real estate transactions in the West Valley and the Sky Harbor I...
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• Colorado Multifamily Sales Review
5/02/08
Interested in multifamily sales comps from Colorado? We’ve got three recent transactions in the $2 mil - $3 mil range to let you know about.
In the largest of the three deals, the 41-unit Lampliter apartment community sold f...
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• Opus West Named Developer of the Year, Again
4/30/08
For the twelfth time in 16 years, Opus West Corporation has been named Developer of the Year by the National Association of Industrial and Office Properties (NAIOP) – Arizona Chapter. Along with the Developer of the Year hono...
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