Property, Rentals, Transactions

Property, Rentals, Transactions
Simon Perkowitz

Simon Perkowitz, AIA of KTGY Presents “Anchor’s Away – Design Solutions for the Disappearing...

International award-winning KTGY Architecture + Planning is pleased to announce that Simon Perkowitz, AIA, PE, a principal in the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from November 29, 2016 – December 2, 2016, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Ariz. Perkowitz will present “Anchor’s Away – Design Solutions for the Disappearing Big Box Tenant,” on Thursday, December 1st, at 8:00 a.m., as part of the breakfast roundtable program. The CenterBuild Conference is the industry's premier retail design and construction conference
Michael Tseng

KTGY Director of Planning Michael Tseng Presents “Tenant Coordination – A-Z” at ICSC CenterBuild...

International award-winning KTGY Architecture + Planning is pleased to announce that Michael Tseng, director of planning for the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from November 29, 2016 – December 2, 2016, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Ariz. 

Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Center in Phoenix Metro Area

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of 51st & Southern, a 15,498-square-foot multi-tenant retail property in the Phoenix metro area. The purchase price was $2,325,000

TRUTH IN TAXATION HEARING NOTICE OF TAX INCREASE

In compliance with A.R.S. §42-17107, the City of Tucson, Arizona, is notifying its property taxpayers of the City of Tucson's intention to raise primary property taxes over last year's level. The City is proposing an increase of primary property taxes of $399,414 or 2.4%.

Arizona Woman Sentenced to 4 Years in Prison after Scamming Homebuyers

Attorney General Mark Brnovich announced a judge sentenced Melissa Maureen Coe to 4 years in prison after stealing more than $450,000 from 14 victims throughout Arizona. Coe used different real estate scams to steal thousands from homebuyers, homeowners, and/or real estate investors. Coe had close friendships with many of the 14 victims she defrauded.

CBRE’s NRIG-West Team Completes Sale of High-Profile Mill Avenue Properties

CBRE Executive Vice President Philip D. Voorhees and Vice President Brad Rable announced today that the National Retail Investment Group – West (NRIG-West), in union with Executive Vice President Barry Gabel and Senior Associate Chris Marchildon, completed the sale of a +39,979-square-foot two-property portfolio, 420 and 501 S. Mill Avenue in downtown Tempe, Arizona. The properties commanded a combined sale price of $13.8 million

Westwood Financial Corp. Welcomes Beall’s Outlet to Phoenix

Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, has announced the opening of Beall’s Outlet at WFC’s Legacy Village in Phoenix. Beall’s has signed a 10-year lease on a 20,000-square-foot space in the center, which will be the company’s 27th location to open in Arizona and its first in Phoenix

Chris Cuaso of KTGY Presents “Placemaking: Does One Size Fit All?” at ICSC CenterBuild...

National award-winning KTGY Architecture + Planning is pleased to announce that Chris Cuaso, director of design in the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from December 1-4, 2015, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ.

Simon Perkowitz of KTGY Presents “How to Make Mixed Use Work” at ICSC CenterBuild...

National award-winning KTGY Architecture + Planning is pleased to announce that Simon Perkowitz, AIA, PE, a principal in the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from December 1-4, 2015, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ

Westwood Financial Corp. Acquires Value Add Kroger Anchored Shopping Center in Phoenix

Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, announced the acquisition of the Avondale Fiesta shopping center for $7.6 million. The Kroger shadow-anchored center is 34,129-square-feet and is located at 11435 West Buckeye Road in Avondale, Arizona, in the greater Phoenix area

Phoenix metro real estate: prices rising and homes still selling fast

The Scottsdale Area Association of Realtors® (SAAR) recently released its monthly Market Data Report, which highlights key metrics for residential real estate inventory in the Phoenix metro area

Phoenix real estate market still hot, but becoming more balanced

The Scottsdale Area Association of Realtors® (SAAR) recently released its monthly Market Data Report, which highlights key metrics for residential real estate inventory.

Conor Commercial and Globe Corporation Announce Launch of AZ|60 Industrial Development in Gilbert, Arizona

Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600 square foot industrial project. Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations to meet the growing demand within Gilbert’s booming industrial sector. The venture will break ground in October with occupancy slated for April 2016

Metro Commercial Properties and Principal Real Estate Investors Announce Mesa Light Industrial Development

On Thursday, July 9, 2015, Metro East Valley Holdings, LLC, a joint venture between Tempe based Metro Commercial Properties, Inc., and a private REIT managed by Principal Real Estate Investors, Des Moines, IA, completed the purchase of 21.5 acres of land fronting the US 60 Superstition Freeway in Mesa, Arizona, for a planned four building light industrial developmen

Attorney General’s Office Reaches Plea Agreement with Serial Fraudulent Real Estate Investor

The Arizona Attorney General’s Office recently reached a plea agreement with Zavier Kay Hafiz, after an FBI-led investigation revealed his company fraudulently misled nearly forty victims to whom he sold real estate throughout Arizona. Mr. Hafiz, while doing business as ZK Group, plead guilty on May 7, 2015 to Fraudulent Schemes and Artifices and was sentenced to six years in prison, followed by another seven years of probation. In addition, he was ordered to pay $3,554,838.40 in restitution.

Silverleaf Realty Closes $7.2 Million Home – Highest Priced Home in Silverleaf and Scottsdale

The summer real estate market is staying hot in north Scottsdale. This past week, the highest priced home sale (this year) in Scottsdale, and in Silverleaf, closed for $7.2 million. The five bedroom, six bathroom home in the gated community boasts views of the Valley and the McDowell Mountains from its two-acre lot. The home was sold by Deborah Beardsley and Andrew Beardsley of Silverleaf Realty.

Northwest Tempe Offi ce Warehouse Building Trades at $3.3 Million

A 33,400 SF warehouse at 1917-1965 W. First St., in Tempe near Rio Salado Pkwy. and Priest Dr. sold for $3,316,010 or $99.28 per square foot in an all-cash deal. Rick Robertson, Principal with Lee & Associates represented both the buyer and seller in this transaction

Supreme Court Decision Strikes Down Arizona Sign Law

The U.S. Supreme Court's decision today in Reed v. Town of Gilbert, Arizona,is likely to affect sign rules and regulations in many communities across the country. The American Planning Association (APA) filed an amicus brief in support of the Town of Gilbert. APA is disappointed in the outcome; however, planners are ready to work with communities in implementing updated regulations in response to the ruling that continue to respond to the needs and interests of local residents

Hunt Mortgage Group Finances the Acquisition of a Multifamily Property Located in Mesa, Arizona

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $35 million loan facility to finance the acquisition of a multifamily property located in Mesa, Arizona.

Koss Louer Team Negotiates $3.2M+, 10-year Warehouse Lease in Gilbert

Paragon Vision Sciences, currently in Mesa, is the new tenant and will occupy half the structure which was built in 1995. Move-in is expected sometime in Q3 2015. With this transaction, the building is 100% leased.

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Rep. Gosar Calls on White House to Withdraw from Unconstitutional Paris...

U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04) joined several of his House colleagues in calling on the White House to completely withdraw from the Paris Climate Agreement

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Rep. Gosar Calls on White House to Withdraw from Unconstitutional Paris...

U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04) joined several of his House colleagues in calling on the White House to completely withdraw from the Paris Climate Agreement