Phoenix, Arizona  (Aug. 5, 2026) – CRE8 Advisors is pleased to announce its representation of the buyer in the $6,081,460 acquisition of a newly constructed 15,796-square-foot industrial building at 7320 E. Pecos Road in Mesa, Arizona, within the Pecos 17 Industrial Development. The seller and developer were Cavan Commercial.

The buyer, ADV Reline Service Inc, an underground pipe repair company, will utilize the new facility to support its operations and continued growth. The property features a modern industrial building with a secure and fenced yard, providing the space and functionality needed for the company’s equipment, vehicles, materials, and daily operations.

Located in Southeast Mesa near Pecos & Sossaman Roads, the closest major intersection; the property is positioned within one of the East Valley’s growing employment and industrial corridors. Mesa has grown significantly over the past several decades, and the Southeast Mesa area continues to attract new residential, commercial, and industrial investment. The property is also located within Mesa’s Pecos Advanced Manufacturing Zone, a major employment and industrial area benefiting from proximity to Loop 202 and Mesa Gateway Airport.

“Southeast Mesa has emerged as one of the region’s most dynamic growth areas, supported by major investments in technology, aerospace and advanced manufacturing, along with rapidly expanding residential communities,” said Jaye O’Donnell, City of Mesa Economic Development Director. “That combination of industry, talent, infrastructure and population growth is creating new opportunities for businesses and strengthening the area as a leading employment and innovation hub.

“This transaction is a great example of how strategic commercial real estate can support the operational needs and long-term growth of a business,” said Partner, Rommie Mojahed.  CRE8 Advisor Chad Shipley also stated. “We were pleased to help our client acquire a facility that provides both the functionality they need today and an opportunity to build for their underground pipe repair company.”

The acquisition reflects continued demand for quality industrial properties in Southeast Mesa as businesses seek ownership opportunities in strategically located high-growth areas of the East Valley.

For additional information regarding land or industrial investment opportunities in the valley, contact CRE8 Advisors on their website at www.CRE8advisors.com.

TUCSON, Ariz. (Aug. 5, 2026) – Tech Parks Arizona is pleased to announce the appointment of Carmine DeBonis Jr., Deputy County Administrator for Pima County, to the board of directors that oversees the University of Arizona’s tech parks. Campus Research Corporation (CRC) is a 501(c)(3) not-for-profit corporation established to maintain, develop, operate, market and lease the parks to support the educational, research and land grant mission of the University of Arizona. The CRC board of directors supports Tech Parks Arizona’s leadership team in creating long-term sustainability and meaningful impact in the community, region and state.

DeBonis joins the CRC board and brings more than three decades of public service experience and a deep understanding of regional development, infrastructure, economic development and community partnerships. A University of Arizona graduate, he currently serves a diverse portfolio of 10 county departments, including Public Works, Economic Development, Environmental Quality, and Finance and Risk Management. Throughout his career, DeBonis has gained exposure to nearly every aspect of government service, enabling him to build strong partnerships and foster collaboration across the public and private sectors. From 2001 to 2016, he served as Pima County Development Services Director, where he was recognized for his emphasis on partnership-building, team development and delivering exceptional customer service. Today, he continues to draw on those experiences to help deliver critical county services that strengthen the region and enhance quality of life for Pima County residents.

“We are pleased to welcome Carmine to the CRC board,” expressed Carol Stewart, Vice President, University of Arizona and CEO of UA Tech Parks and President of the UA Center for Innovation.  “His extensive experience in public administration and commitment to strengthening our region will be a tremendous asset as we continue advancing innovation, economic opportunity and the long-term success of the university’s tech parks.”

DeBonis succeeds Jan Lesher, whose service on the CRC board reflected her steadfast commitment to the University of Arizona, Pima County and the broader Southern Arizona community.

As Tech Parks Arizona continues to foster innovation, entrepreneurship and economic growth, the organization looks forward to DeBonis’ contributions and perspectives in support of its mission and vision for the future.

PHOENIX (August 4, 2026) – CBRE negotiated the sale of Avia 266 (to be renamed The Remy), a 267-unit multifamily community located in Mesa, Arizona. CBRE’s Matt Pesch, Asher Gunter and Austin Groen represented the seller, Geringer Capital. San Diego-based ColRich acquired the community for $52.4 million, including the assumption of an existing HUD loan.

“We are pleased to have represented Geringer Capital in the sale of Avia 266. This transaction reflects continued investor interest in well-located, quality multifamily assets across the Greater Phoenix market,” said Pesch, Vice Chairman at CBRE.

Completed in 1984, Avia 266 features a low-density garden site plan with all one- and two-bedroom units. Community amenities include two pool and spa areas, a 24/7 fitness center, an outdoor courtyard with recreation and gathering spaces, a resident clubhouse with community kitchen, package lockers, and a fenced dog park.

ColRich is a real estate, construction, and investment firm focused on repositioning residential workforce housing in strategic locations throughout the western United States.

“ColRich remains focused on aging, well positioned suburban apartments in in metropolitan statistical areas (MSAs) that continue to grow, both in terms of jobs and overall population. We continue to target markets like Phoenix where oversupply has created temporary softness in operations, allowing us to purchase older assets at significant discounts to replacement cost, presenting attractive reposition opportunities in 2 and 3-story walk-up product,” said Danny Gabriel, CEO of ColRich.

Avia 266 is centrally located in the Southeast Valley approximately one-half mile from the Loop 101 freeway and less than one mile from the Loop 202 freeway. Downtown Mesa is approximately one mile east. High-wage employers, shopping and nightlife destinations, and the ASU Tempe campus are approximately three miles west. Mesa Riverview shopping center, the Riverview Baseball Complex, Riverview Park, and the spring training home for Major League Baseball’s Chicago Cubs at Sloan Park are within walking distance of Avia 266.