Archives

Phoenix, AZ - December 7, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners announced the sale of the 8,160-square foot Summit at Chandler Heights retail strip center located at 955 W. Chandler Heights Road in Chandler, Arizona for $525,000, or approximately $14.19 per square foot. The building was 59% occupied with CPA Express, and Spartan Training, and Victoria Nails.

Phoenix, AZ - December 6, 2011 - (RealEstateRama) -- Sperry Van Ness - SVN Partners in Greater Phoenix announced the sale of the 223-unit Sunset Landing Apartments, located at 8450 North 67th Avenue in Glendale, Arizona for $7.8 million, or approximately $34,978 per unit

Phoenix, AZ - November 21, 2011 - (RealEstateRama) -- In a move that combines some of the area’s top real estate agents, the RE/MAX Southwest Region has announced that, following the recent passing of RE/MAX Achievers Broker/Owner Tim Hatlestad, the agents of RE/MAX Achievers will be paired with strong leadership and productive RE/MAX brokerages in the area.

Phoenix, AZ - November 16, 2011 - (RealEstateRama) -- This generation’s “Great Recession” promises to have a profound effect, imposing spectacular changes in the way the real estate market operates. What are the new rules and trends now that the old world was changed by the capital markets bubble and its aftermath? How will this new structure change the way you operate your business?

Phoenix, AZ - October 26, 2011 - (RealEstateRama) -- Many retail market indicators continue to improve, despite erratic employment trends and sovereign debt worries. These economic headwinds have strongly impacted consumer sentiment, dropping third quarter expectations to the lowest point since early 2009, when layoffs peaked. Still, retail sales reached an annualized average of $380 billion in September, up 7.6% year over year. Total nonfarm payrolls have expanded by nearly 1.1 million positions so far in 2011, with the wholesale and retail trade sectors alone adding 205,000 workers combined. Rising retail payrolls and sales, in turn, have supported investor interest. An estimated $21.5 billion in retail assets have sold over the past six months, more than double the transactions recorded during the same stretch in 2010. Steady employment gains are predicted to keep inves tor confidence and deal flow near current levels through year end. In 2011, a total of 1.4 million jobs will be added, a 1.1% increase, while the key wholesale and retail trades will expand by 256,000 positions, or 1.3%.

Tempe, AZ - October 20, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc.’s Phoenix-based industrial brokerage group has orchestrated the sale of Normal Junction, a two-building, 140,000-square-foot warehouse/distribution property in Tempe. BlackRidge Real Estate Group acquired the asset for $7.65 million.

Scottsdale, AZ - October 18, 2011 - (RealEstateRama) -- In September 2011, GPE Commercial Advisors reported closing four purchase transactions for $1.7M (83,658 square feet, including two-acre land sale), 20 lease transactions for $5.2M (64,478 square feet) and one dental practice sale for $410,000. Combined, GPE represented 25 completed transactions for $7.3M totaling 148,136 square feet.

Phoenix, AZ - October 13, 2011 - (RealEstateRama) -- CoreNet Global Desert Mountain Chapter has chosen two recipients for the inaugural Corporate Real Estate Excellence Awards: Barry Broome, president and CEO, Greater Phoenix Economic Council, and Scott Smith, Mayor, City of Mesa.

EUGENE, OR - October 12, 2011 - (RealEstateRama) -- IDX, Inc. announces Nancy Hawkins of Hawkins & Associates Realty Inc. has adopted a customizable IDX solution for her professional website. Hawkins joins the growing network of agents and brokers who have already transformed their own online real estate websites with the innovative IDX Broker software. Hawkins can now sync her website to the Arizona Regional MLS (ARMLS), making thousands of properties available for home seekers around Arizona to search through. Never before has such a comprehensive and thorough online real estate solution been so readily available to agents, broker or potential buyers online.

Scottsdale, AZ - October 7, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix negotiated the $675,000 REO sale of the former L & G Center located at 9188 E. San Salvador in Scottsdale, Arizona. Neil Sherman, Nicole Ridberg, and Justin Horwitz of Sperry Van Ness’ Phoenix office represented the seller, Centennial Bank. The property was acquired by Mark Siegel, D.O. and Sathish Chari, D.D.S, who was represented by Thomas Weinhold of the NAI Horizon office in Phoenix, Arizona.

Phoenix, AZ - September 27, 2011 - (RealEstateRama) -- Real estate veterans G-II Varrato and Lori Klindera have seen it all in their 25 years in the real estate industry – until recently. The husband-wife duo, both military specialists with Coldwell Banker Residential Brokerage, helped Army veteran Jose Cordova, Jr. — a 22-year-old with tours in Afghanistan and Iraq under his belt — re-purchase his parents’ foreclosed-upon Phoenix home in September.

Phoenix, AZ - September 21, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners announced that Goodman and Partridge OB/GYN has signed a ten year, 8,500 square foot lease in Rome Towers located at 1760 E. Pecos Rd in Gilbert, Arizona. Goodman and Partridge OB/GYN intends to begin occupying the new space at the beginning of 2012. Goodman and Partridge OB/GYN has offices in various locations throughout the Phoenix metro area and has been providing care to women in the valley since 1976. Rome Towers represents one of the most high profile mixed-use buildings in the southeast valley. Sperry Van Ness’ Justin Horwitz and Nicole Ridberg served as the only brokers involved in the negations.

Phoenix, AZ - September 20, 2011 - (RealEstateRama) -- Lee & Associates Arizona is pleased to announce the closing of two REO industrial property sales in the East Valley. The vacant 30,552-square foot warehouse building at 150 South Dobson Road in Mesa sold for $735,000, or $24 per square foot. Lee & Associates Principals Matt Hobaica, Chris McClurg and TJ Swearengin represented the seller, National Bank of Arizona. Pat Mahoney of Arizona Commercial Real Estate Services represented the buyer, Units, Inc. The warehouse was built in 1977 and has both grade-level and truck-well loading access.

Phoenix, AZ - September 20, 2011 - (RealEstateRama) -- Lee & Associates Arizona is pleased to announce that Arizona Community Foundation (ACF) executed a 10-year, 17,219-square foot lease renewal of their Class A space at Anchor Centre West located at 2201 East Camelback Road. Lee & Associates Principals Craig Coppola, Andrew Cheney and Chris Krewson represented the non-profit tenant. Mike Beall of Cushman & Wakefield represented the landlord, DW Capital Partners.

Scottsdale, AZ - September 19, 2011 - (RealEstateRama) -- In August 2011, GPE Commercial Advisors reported closing five purchase transactions for $1.6M (35,559 square feet), 17 lease transactions for $5.4M (52,220 square feet) and one dental practice sale for $575,000. Combined, GPE represented 23 completed transactions for $7.6M totaling 87,779 square feet.

Scottsdale, AZ - September 19, 2011 - (RealEstateRama) -- GPE Companies, one of Arizona’s oldest privately owned property management, sales and leasing commercial real estate companies, is relocating to 2777 East Camelback Road in Phoenix.

Scottsdale, AZ - August 30, 2011 - (RealEstateRama) -- Kevin Helland, a Senior Vice President with GPE Commercial Advisors in Phoenix, was recently appointed to The Salvation Army Advisory Council of the Phoenix South Mountain Community Center.

Scottsdale, AZ - August 25, 2011 - (RealEstateRama) -- In July 2011, GPE Commercial Advisors reported closing five purchase transactions for $4.2M (51,850 square feet plus a 38.16 acre land sale), 12 lease transactions for $1.8M (37,136 square feet). Combined, GPE represented 17 completed transactions for $6M totaling 88,986 square feet and the 38.16 acre land sale

Phoenix, AZ - August 10, 2011 - (RealEstateRama) -- Coldwell Banker Residential Brokerage, the real estate industry’s flagship producer of innovative technology and consumer services is proud to announce the development and implementation of a proprietary state-of-the-art cloud computing platform called HomeBaseSM, a companywide initiative poised to revolutionize many aspects of the traditional real estate transaction while sharply diminishing the organization’s and industry’s environmental footprint.

Scottsdale, AZ - August 10, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., announces the $16.1 million sale of the Terravita Marketplace, a 102,733-square-foot retail center in Scottsdale, Ariz. Lee & Associates’ Phoenix office represented Westwood in the sale of the property, located at 34402-34502 North Scottsdale Road. It was purchased by Whitestone REIT.