Westwood Financial Corp., a national owner-operator of shopping centers, has completed the remodel of North Park Plaza shopping center, located at 5020 W. Osborn Rd., in Phoenix.
TUCSON, Ariz. - January 17, 2013 - (RealEstateRama) -- Lee & Associates Arizona negotiated the $24.8 million sale of the River Center, a 117,563-square-foot shopping center that is anchored by Whole Foods and Petco. Located at 555 East River Road in Tucson, the sale of the center posted a cap rate of 5.5 percent.
For Immediate ReleaseGPE Announces 7 New Commercial Transactions November 14, 2012 (Phoenix, Arizona) - GPE Companies (gpe1.com) reports the following transactions: SalesPhoenix, AZ...
November 13, 2012 (Phoenix, Arizona) - GPE Companies is proud to announce the promotion of Linda Tierney to Director of Property Administration for GPE Management Services, LLC. In addition to managing a portfolio of commercial properties, the job will entail overseeing accounting, managing all property management operation standards, facilitating inter-departmental communication and assisting the director of property management. Linda is an outstanding leader, forward thinking and excels at detail-oriented tasks; qualities which will help her succeed in this position
January 27, 2012 (Phoenix, Arizona) - GPE Commercial Advisors (gpe1.com) reported closing 25 commercial transactions in the amount of $9.6M for 95,037 square feet in...
Phoenix, AZ - January 27, 2012 - (RealEstateRama) -- Lee & Associates Arizona Principals Mike McQuaid, Mike Garlick and Chris Krewson have come together to form the largest office brokerage team in the Lee & Associates Arizona’s office. Totaling more than 50 years of service in the Phoenix office market, the three Lee & Associates principals will draw upon a deep pool of experience to meet the needs of their clients.
Phoenix, AZ - December 9, 2011 - (RealEstateRama) -- Lee & Associates Arizona is pleased to announce a pair of commercial property sales and a five-year lease in the East Valley. In the first deal, the Freeway Executive Center II office development located at 10439 South 51st Street in Phoenix was sold for $3,750,000, or $78 per square foot. Lee & Associates Principals Chris McClurg and Adam Tolson represented the buyer, Child & Family Support Services. Bryan Taute, Senior Vice President at CBRE, and Eric Wichterman, Executive Vice President at Cassidy Turley BRE, represented the seller, FEC 2, LLC.
Phoenix, AZ - December 5, 2011 - (RealEstateRama) -- Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, of GPE Commercial Advisors have been retained as the exclusive leasing agents for Paradiso Medical Plaza, a two-story, state-of-the-art medical office building at 11000 North Scottsdale Road in Scottsdale, Arizona.
Phoenix, AZ - November 30, 2011 - (RealEstateRama) -- Lee & Associates Arizona Principals Mike McQuaid and Mike Garlick, in collaboration with Dibble Engineering, are pleased to announce the charitable donation of $3,500 to Sunshine Acres Children’s Home. Earlier this year, Mike McQuaid and Mike Garlick represented Dibble Engineering during their lease renewal at the Plaza at Squaw Peak. As part of their business plans and charitable efforts, Mike and Mike donate a portion of their brokerage fees to a non-profit of their client’s choosing. Dibble Engineering selected Sunshine Acres Children’s Home as the recipient.
Sporadic White-Collar Hiring Dampens Office Fundamentals, but Existing Tenant Base Steadying, Giving Back Less...
Phoenix, AZ - November 16, 2011 - (RealEstateRama) -- Although Phoenix office market fundamentals remain soft, improvements in other industries and property types will continue to seep into white-collar sectors and stimulate leasing. So far this year, metrowide employment levels have risen by 26,700 jobs through the end of the third quarter. Hiring within the blue-collar and education and health services sectors accounted for 14,700 positions. Layoffs in the professional and business services industries, however, drove overall office-using losses of 4,300 positions during that stretch. Despite the net loss of jobs, white-collar employers added workers during the second quarter and Phoenix’s business-friendly climate will further encourage relocations similar to Wal-Mart’s regional consolidation and AT Security Service’s complete move from California.
Warehouse Sales Continue to Surge in Phoenix, While Suburban Flex Space Attracting Foreign Investors
Phoenix, AZ - October 26, 2011 - (RealEstateRama) -- Resurgent economic headwinds have rattled the nation’s employment and industrial markets, as both hiring and industrial property sales volume eased in the third quarter. Nevertheless, the economic turbulence is not expected to lead to a double-dip recession. So far in 2011, national blue-collar employment levels have expanded by an estimated 361,000 positions, or 1.3%, and roughly $17 billion in industrial transactions have closed. During the same stretch last year, fewer than 3,000 manual-trade positions were added and industrial sales volume reached just $11.7 billion. Furthermore, several key hiring and industrial market indicators, including the Institute of Supply Management’s PMI index, showed improvement late in the third quarter, strengthening fourth quarter expectations. Total nonfarm employment is an ticipated to expand by 1.4 million new jobs in 2011, or 1.1%, after 940,000 workers were added last year. Manual industries will generate 451,000 positions, representing growth of 1.6%.
Phoenix, AZ - May 18, 2011 - (RealEstateRama) -- In step with national economic growth, the outlook for the Phoenix industrial market continues to improve. Nationwide blue-collar sectors expanded by 1% over the past two quarters, the greatest six-month gain since mid-2006. Moreover, both manufacturing production and new factory orders increased for more than 21 consecutive months through March.
PHOENIX, AZ - March 8, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $5.4 million sale of Garden Lakes Centre, an 88,075-square-foot retail center situated on 8.85 acres. Built in 1988, the center is located at 10720 West Indian School Road in Phoenix near the major cross street of 107th Ave. The center is 83 percent occupied and includes two anchor tenants, Savers and Dollar General.