Yearly Archives: 2012

127,680 SF Distribution Building Sold For $6.8 Million at Freeport Center

PHOENIX, AZ - December 21, 2012 - (RealEstateRama) -- An industrial building at Freeport Center, 420 S. 53rd Ave. in Phoenix sold for $6.8 million. Included in the transaction was an adjacent 2.09 acre, fully-improved land parcel.

Elizabeth Arden Spas Sets Up Offi ce in Downtown Tempe With 11-Year Lease

TEMPE, AZ - December 18, 2012 - (RealEstateRama) -- Elizabeth Arden Spas has signed an 134-month, 13,021 SF lease at Tempe Gateway, 222 S. Mill Ave. in Downtown Tempe to serve as their retail operations hub for the U.S.

Canadian Investors Ante Up $17.5M For Tempe Apartments

TEMPE, AZ - December 17, 2012 - (RealEstateRama) -- An investment entity from Calgary, Canada purchased the 252-unit Fernwood Manor Apartments, 4540 S. Rural Rd. in Tempe for $17,525,000, or $69,543 per unit.

GPE Announces 7 New Commercial Transactions

For Immediate ReleaseGPE Announces 7 New Commercial Transactions November 14, 2012 (Phoenix, Arizona) - GPE Companies ( reports the following transactions: SalesPhoenix, AZ...

GPE Promotes Linda Tierney to Director of Property Administration Position

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

Scottsdale Shopping Center Sold to Private Investment Group for $38.7M

SCOTTSDALE, AZ - November 8, 2012 - (RealEstateRama) -- The Lincoln Village Shops retail shopping center has sold to a privately owned real estate investment company for $38,712,500. Bethesda, Maryland-based Global Retail Investors purchased the 71,142 SF specialty retail center located at 6202 N. Scottsdale Road south of Lincoln Drive, from Scottsdale Road Partners, an affi liate of Redwood Real Estate Partners.

Indoor Shooting Range Joins New Tenants at Emerald Center

PHOENIX, AZ - November 5, 2012 - (RealEstateRama) -- C2 Tactical Indoor Shooting Range has purchased a 17,219 sq. ft. retail showroom building at Emerald Design Center near Warner Road and Interstate 10 in Tempe for $1,125,000. The transaction price per square foot was tabulated at $65.33.

GPE Announces 20 New Commercial Transactions

October 23, 2012 (Phoenix, Arizona) - GPE Companies ( reports the following transactions

Grijalva Congratulates Cocopah on New Federal Grants From Depts. of Agriculture, HUD to Rehabilitate...

Yuma, AZ - October 24, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva today congratulated the Cocopah Indian Tribe on a new $27,500 grant from the U.S. Department of Agriculture and a $605,000 grant from the Department of Housing and Urban Development to rehabilitate 10 homes owned by low income Tribal residents.

Two High-Profi le, National Offi ce Tenants Take Space in Phoenix

PHOENIX, AZ - October 22, 2012 - (RealEstateRama) -- Two prominent national companies have negotiated leases in the Phoenix area. New Jersey-based home builder K Hovnanian Homes renewed their lease for 19,892 SF for 96-months at Desert Ridge Corporate Center II at 20860 N. Tatum Blvd. in Phoenix.

Coldwell Banker Names DeVon Connors to List of Top Real Estate Agents in the...

Torrance, CA - October 15, 2012 - (RealEstateRama) -- Coldwell Banker announced that DeVon Connors ranked in the top 1 percent of their national sales associates. The ranking was based on sales of residential homes for the nine months ending Sept. 30, 2012.

Mostly Positive Indicators Show Strong Phoenix Industrial Market

PHOENIX, AZ - October 15, 2012 - (RealEstateRama) -- The Phoenix industrial market continues its convincing march toward recovery by reaching several important milestones. As a more resilient sector during the recession, the industrial market was not plagued with as much bad debt and CMBS loan defaults as others sectors. Industry experts concluded that the industrial sector would recover faster as favorable economic conditions such as durable goods orders and manufacturing output favored the industrial market early.

Offi ce Market Gains Strength As Absorption Numbers Shine

PHOENIX, AZ - October 11, 2012 - (RealEstateRama) -- The Phoenix offi ce market continues to push forward by shaking off its multi-year decline by posting several successful quarters with promising market data. Phoenix, the king of the boom-and-bust market, saw feverish overbuilding in the middle of the last decade and players in the market have been paying the price for it ever since. Even though the road back has been slow, the offi ce market is making steady strides. That has helped to shore up a renewed optimism in this market.


TUCSON - September 27, 2012 - (RealEstateRama) -- U.S. Rep. Ron Barber today welcomed announcements that the U.S. Department of Energy has awarded $6.5 million in grants to the University of Arizona for solar-energy research.

Grijalva Highlights Disaster Relief Loans for Western Arizona Homeowners, Businesses Potentially Affected by Brawley...

Washington, D.C. - September 20, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva today highlighted the recent announcement by the U.S. Small Business Administration (SBA) that it is accepting applications for disaster relief from people and businesses affected by the Brawley earthquakes that hit Southern California earlier this year. Residents and business owners in La Paz and Yuma counties may qualify for low-interest federal disaster loans to repair damage caused by the quakes that began on August

Grijalva Highlights Homeless Veteran Assistance, National Suicide Prevention Month as DC Conservatives Ignore Veteran...

Washington, D.C. - September 20, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva today said he is proud to stand with the departments of Defense (DOD) and Veterans Affairs (VA) in recognizing September as Suicide Prevention Month and raising awareness about the challenges veterans face

Spectrum Labs Takes 25,569 SF, 10.5-Year Lease at Southbank

PHOENIX, AZ - September 17, 2012 - (RealEstateRama) -- Spectrum Labs, a pet allergy solutions company, has signed for 25,569 SF of lab offi ce space within Southbank Business Park, 2801 S. 35th St. in Phoenix.

GPE Closes Deal on 13,450 SF Medical Office Building in Mesa

September 13, 2012 (Phoenix, Arizona) - GPE Commercial Advisors, an award-winning commercial real estate firm, secured the sale of a 13,450 square...

Chad Ackerley Promoted to Associate Broker

PHOENIX, AZ - September 12, 2012 - (RealEstateRama) -- Lee & Associates Arizona Principals have promoted Chad Ackerley to Associate Broker for the Industrial Division.

Tucson Shopping Center Sold to Investment Trust for $125.4 million

Tucson, AZ - August 23, 2012 - (RealEstateRama) -- The Tucson Spectrum Shopping Center sold to a publicly-traded investment trust for $125,375,000. DDR Corp. purchased the 709,811 SF and seven developable fi nished retail pads of the Phase II portion of the regional retail center located at Irvington Road and Interstate 19. Price per square foot for this transaction was calculated at $177.00.


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