Kevin Shannon

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Velocis Purchases Park One Office Complex for $39 million

CBRE completes sale to private equity real estate fund Phoenix, AZ – Velocis LLC in Dallas, TX (Fred Hamm, managing principal) has bolstered its real estate portfolio in the Valley by paying $39 million ($189.87 per foot) to acquire a 205,405-square-foot office-retail project in Phoenix. The three-building complex, called Park One, is located at 2111, 2121 […]

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Tucson-based Aerie Development Acquires One South Church for $32 Million

Tallest building tower in Tucson may soon be getting a new Sister Tower Local real estate developer, Aerie Development (Roger Karber and Zach Fenton managers) recently closed on the purchase of One South Church, a 22-story tower in downtown Tucson for $32 million ($132 PSF). The 241,715-square-foot tower is commonly referred to as 23-stories, but

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Equus Capital Partners Enters into Joint Venture with iStar on Raintree Corporate Center

Phoenix, AZ – CBRE announced it has arranged the joint venture between Equus Capital Partners, Ltd. (“Equus”) and iStar for the ownership of Raintree Corporate Center, a premier Class-A office complex located at 8800 and 8888 E. Raintree Drive in Scottsdale, Arizona. Bryan Taute with CBRE’s Phoenix office and Kevin Shannon and Brad Burton with

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