Wednesday, February 21, 2018

Footprint LLC Relocates Corporate HQ to Park Lucero

Phoenix Sustainability Firm Signs 131,796 SF Full-Building Lease Gilbert, AZ – Trammell Crow Company (TCC) and partner Artis REIT announced that Footprint LLC (Footprint), a sustainable technology firm, has signed a long-term, full building lease to occupy Park Lucero Phase II, a Class A, speculative industrial building comprised of 131,796-square-feet. As...

Vacant Fry’s Big Box Sold to Simon CRE in Apache Junction,...

Phoenix, Arizona -- Velocity Retail Group has sold a vacant Fry’s Food & Drug store at the southwest corner of Apache Trail and Idaho in Apache Junction. Fry’s recently expanded and relocated to the northeast corner of the same intersection with a new Marketplace concept. The 62,602-square-foot vacant big...

SVN’s Jonathan Levy Accepted to NAIOP’s Developing Leaders Program

Phoenix, Arizona – The Developing Leaders Forum provides commercial real estate industry professionals the unique opportunity to advance their careers by gaining insights from networking with seasoned commercial real estate professionals and peers during a two-year period.  The program is specifically designed for industry professionals 35 years of age...

Five Palms Restaurant in Catalina Foothills Sells for Redevelopment

TUCSON, Arizona -- The former Five Palms Steak & Seafood in the Catalina Foothills at 3500 E Sunrise Dr., Tucson sold for $1.9 million ($148 PSF) for redevelopment. The 12,800-square-foot restaurant was originally built for Café Terra Cotta restaurant that moved from St. Phillip’s Square. Located on Sunrise east of...

Phoenix Boutique Apartments Sold for $16 Million

Cushman & Wakefield Negotiates Sale to Clear Sky Capital PHOENIX, Arizona – Cushman & Wakefield completed the sale of Mission Palms, located at 6131 North 16th Street in Phoenix. Phoenix-based Clear Sky RES Properties, an entity formed by Clear Sky Capital, purchased the property from JM Emerson, LLC of Cherry...

Pima County Living River Project receives national recognition

PIMA COUNTY – The National Association of Clean Water Agencies (NACWA) has awarded the Pima County Living River Project Steering Committee and its partners with the prestigious 2018 National Environmental Achievement Award for Public Information and Education for the Living River annual report series. The Living River Project is a...

Sale of Three Metro Phoenix Apartment Communities Totals $9.72 Million

PHOENIX, Arizona – CBRE has completed the sale of three multifamily properties located in the metro Phoenix area in three separate transactions totaling $9.72 million. Brian Smuckler and Jeff Seaman with CBRE’s Phoenix office represented the buyers and sellers in both transactions. The Ranch is a 32-unit multifamily community located at...

Phoenix 4Q Retail Performance Breaks Records

Vacancy and Absorption Overall Phoenix The retail market in the Phoenix metro area has improved every year for the past six years.  Slow and steady improvement each year has been recorded providing a bright future for retailers, building owners and investors looking at the Phoenix market. Since 2012 the vacancy...

Tucson’s Sierra Del Sol Senior Living Sells for $12.32 Million

TUCSON, ARIZOA -- Sierra Del Sol Senior Living at 8151 E Speedway Blvd. in Tucson, Arizona, sold for $12.32 million ($87,980 per bed) to KRE Tiger Sierra del Sol, LLC of New York, NY. The facility is licensed for a 140-bed capacity Memory Care and Assisted Living community. There...

ABI Multifamily Brokers $7M, 56 Unit Apartment Sale in North Tempe...

Phoenix, AZ –  ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $7 million ($125,000 per unit) sale of the Tempe North Apartments, a 56-unit apartment community located in Tempe, Arizona. The property is a two- and three-story apartment community, built of...

Phoenix Retail Market Posts Strongest Net Absorption in a Decade

Fourth Quarter 2017 Brought Spike in Net Absorption and Rising Rental Rates Phoenix, Arizona  – The fourth quarter of 2017 brought a spike in net absorption of retail space in Greater Phoenix, bringing the total for the year to more than 2.8-million-square- feet.  This was the highest level of net...

DAUM Names Top Producers for 2017

Phoenix, Arizona – David Wilson, Ben Johnson, Rich Sica, Trevor McKendry, and Chris Rogers of DAUM Commercial Real Estate Services of Phoenix have been named top producers for 2017, according to Steve McKendry, executive vice president and branch manager of DAUM Phoenix. David Wilson, executive vice president of DAUM Phoenix,...
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