Multifamily news in Marketing - Phoenix

  • Phoenix’s Skyline and the Flight to Quality

    JLL has made a habit out of releasing yearly skyline reports and each year they offered details on how the nation’s skyscrapers were doing in terms such as vacancy, asking rates and net absorption. However, in 2015, the firm has outdone itself by not only releasing the report digitally, but also releasing it in an eye-catching format.

  • American Traffic Solutions Picks Mesa Office Campus for 108 KSF Headquarters

    American Traffic Solutions (ATS), a provider of traffic safety, mobility and compliance solutions, recently made public its plan to relocate over 600 employees to The Waypoint in Mesa, a new Class A office campus. The company will consolidate operations in one of two new buildings that are being developed by owner Harvard Investments and development partner Lincoln Property Company (LPC).

  • Buchanan Street Buys Stapley Corporate Center in Mesa for $33M

    Buchanan Street Partners recently acquired the Stapley Corporate Center, a two-building, Class A office property. Located at 1840 and 1910 South Staple Drive in Mesa, the center was purchased for $32.5 million from The DESCO Group, Inc., the original developer of the center.

  • Whitestone REIT Buys N. Scottsdale Community Center for $37M

    In a $37.4 million deal, Whitestone REIT acquired Market Street at DC Ranch, a 241,280-square-foot mixed-use neighborhood center in North Scottsdale, from DMB.

  • Freeport-McMoRan Center Receives TOBY Award; MIG Picks Up Class A Office Building

    Freeport-McMoRan Center, a 26-story mixed-use building in the heart of downtown Phoenix managed by Transwestern, received The Outstanding Building of the Year (TOBY) Award for 2013 from the Building Owners and Managers Association (BOMA), Greater Phoenix chapter.

  • Buchanan Street Buys $52.6M Portfolio; Hines’ Camelback II Earns State’s 1st LEED Platinum for Existing Buildings

    In a $52.6 million deal, Buchanan Street Partners has acquired a 10-building portfolio totaling 446,000 square feet in metropolitan Phoenix from Carlson Real Estate Co. The sale price equates to $118 per square foot.

  • Liberty Acquires 2 Tempe Industrial Buildings as Part of $1.5B National Deal

    Liberty Property Trust acquired two industrial buildings in Tempe as part of a larger deal that added 177 properties to the company’s national portfolio and expanded its industrial platform by approximately 23 million square feet.

  • OnTrac Moves HQ to Chandler; Whitestone REIT Grabs Phoenix Community Center for $23M

    OnTrac, the leader in regional overnight package delivery service in the eight Western States, plans to move its corporate headquarters to Chandler to accommodate the company’s growth demand.

  • Crescent to Build Scottsdale Quarter’s First Multifamily Project

    Glimcher Realty Trust, a retail REIT, and Crescent Communities, a Charlotte-based real estate investment, development and operating company, recently announced plans to break ground on a 275-unit, luxury apartment community in Scottsdale under a joint venture agreement.

  • Intravest Takes N. Phoenix Flex Building for $19M

    Intravest Development L.LC. has purchased a 145,000-square-foot flex industrial building in North Phoenix. This $19.06 million acquisition marks the first commercial asset in the investor’s portfolio, the Phoenix Business Journal reported. Robert Lundstedt of Daum Commercial represented Intravest in the transaction. Johnson Bank provided financing for the buyer.

  • Allred Starts 2nd Spec Project of 2013 at Chandler Office Park

    Construction is in full swing on the latest addition to the Allred Park Place office park in Chandler--a 69,000-square-foot speculative office building. The development, which broke ground in August, is the second spec building launched at the office park by Douglas Allred Co. this year, according to the Phoenix Business Journal.

  • Lincoln Inks 164,000 SF of Leases at Mesa Business Park

    By Alex Girda, Associate Editor Lincoln Property Co. recently completed 164,000 square feet in new leases and renewals at its Broadway 101 Commerce Park in Mesa. The firm has completed a new deal with PODS, an international moving and storage company, for 67,949 square feet at the complex at 2160 West Broadway Road. PODS will be [...]

  • Excel Realty Buys Lake Pleasant Pavilion Shopping Center in Peoria for $42M

    By Alex Girda, Associate Editor Bringing its recent investments in the Phoenix area past the $200 million mark, Excel Trust Inc. paid $41.8 million for Lake Pleasant Pavilion Shopping Center in Peoria. National brands represented at the 373,000-square-foot property include Marshalls, Bed Bath and Beyond, Tilly’s, Kirland’s. SuperTarget, a 185,000-square-foot store owned by Target Inc., [...]

  • Allstate’s 66,000 SF Lease in Tempe Offers Rare Bright Spot

    By Alex Girda, Associate Editor In one of the area’s largest office leases this year, Allstate Insurance Co. inked a 66,000-square-foot deal at Tempe Gateway.  Located in Tempe’s Mill Avenue District, the eight-story, 260,000-square-foot building facility has been owned since 2010 by Seattle-based Vulcan Real Estate. Allstate’s commitment means that Tempe Gateway is now 64 [...]

  • Cornerstone Realty Pays $26.1M for Lincoln Commerce Park 2

    By Alex Girda, Associate Editor In a $26.1 million deal, a joint venture of Lincoln Property Co. and Invesco Realty Advisors sold Lincoln Commerce Park 2, a 336,665-square-foot complex in Phoenix, to an affiliate of Cornerstone Realty Advisers L.L.C., Business Real Estate Weekly of Arizona reported.   The 336,665-square-foot, four-building complex is part of Lincoln Commerce [...]