Archives

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.

Phoenix, AZ - September 19, 2011 - (RealEstateRama) -- Elected officials, community leaders and commercial real estate executives convene in a unique forum that will address energizing Arizona’s economy at CoreNet Desert Mountain Chapter’s signature event on October 19, 2011, at the Phoenix Convention Center.

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

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.

EUGENE, OR - August 5, 2011 - (RealEstateRama) -- Eric Lichtenheld and IDX, Inc. have joined forces to bring thousands of Tuscon MLS (TAARMLS) listings to the fingertips of online Arizona home seekers. As a member of the TAARMLS, Lichtenheld has long had access to thousands of Pima County area listings. Now, his clients can experience the same levels of accessibility, once reserved only for agents and brokers, conveniently on the website Lichtenheld hosts. His custom IDX solution has forever changed the way his clients search for homes around Tuscon, Arizona

Phoenix, AZ - August 2, 2011 - (RealEstateRama) -- “Celebrating the International Year of Youth: Youth as Leaders, Change Makers, and Connected Global Citizens” in Doha, Qatar, ended July 28. Hosted by Global Citizen Corps, this program of Mercy Corps was implemented in partnership with Reach Out to Asia, a Qatari non-governmental organization that works under the auspices of the Qatar Foundation.

Improvements in blue-collar industries account for a significant share of Phoenix economic growth in 2011, despite choppy early year hiring. Total metro employment grew by 0.9%, or 14,900 positions. Manual-trade payrolls, in contrast, expanded by a healthy-1.1% year to date with the addition of 3,800 workers. The Valley’s manufacturing sector notched the most hires, adding 2,500 employees and offsetting the combined loss of 700 construction and transportation and utilities personnel through the second quarter. Moreover, major expansions by companies such as Federal Express, First Solar and Easy Energy Systems Inc. will boost the economy and leasing in the near term. Through the extended outlook, sales tax legislation may push more companies like Amazon to relocate from California to Arizona, further supporting industrial space demand. Although international and domestic concerns could dampen growth in the second half, the economic recovery is expected to gain momentum. Metr owide staffing levels will increase by a projected 39,000 positions, or 2.3%, in 2011, while blue-collar industries will add 12,500 workers, a 3.7% increase. National payrolls will rise by 1.65 million positions, or 1.3%

EUGENE, OR - August 1, 2011 - (RealEstateRama) -- IDX, Inc. and Denise Cote have joined forces to revolutionize the way Arizona home seekers search for properties online, by adding the innovative IDX Broker software to the website Cote hosts. As a member of the Arizona Regional MLS (ARMLS), Cote has long had access to the detailed property listings through their professional database. Now, with her IDX enabled search page, clients of Cote receive the same levels of access that was once reserved only for real estate agents and brokers, conveniently on her website. Her customizable IDX solution gives Cote and her clients more freedom and access to the ARMLS listings than ever before available online.

Phoenix, AX - July 29, 2011 - (RealEstateRama) -- Although office net absorption in Phoenix remains negative year to date, the local economic recovery gained traction in the second quarter. Businesses added 14,900 positions locally, a 0.9% staffing boost, in the past six months, compared to a nationwide increase of 757,000 jobs, or 0.6%. Improvements have been greatest in the Valley’s healthcare and leisure and hospitality sectors, with white-collar industries dampening overall growth through the first quarter of 2011. Nevertheless, Phoenix white-collar employers rebounded in the most recent quarter. Local office-using employment sectors augmented payrolls by an estimated 2,800 workers, a 0.7% quarterly gain, mirroring the healthy white-collar improvements that have been recorded nationally. Recent hiring announcements from companies including Safelite, Humana, Yelp and Easy Energy Systems Inc. support projections for a sturdy, albeit late, white-collar recovery through year end, helping to stabilize space demand. U.S. emp loyment will increase by a projected 1.65 million jobs in 2011, including to 39,000 positions in Phoenix, a 2.3% marketwide gain. Local white-collar sectors are anticipated to hire 5,600 workers, growth of 1.3%.

Washington, D.C. - July 22, 2011 - (RealEstateRama) -- Rep. Raúl M. Grijalva today highlighted a free workshop on foreclosure prevention and home finance taking place in Tucson on Saturday, July 23. The event is jointly hosted by the Federal Home Loan Bank of San Francisco, Don’t Borrow Trouble Pima County, the City of Tucson, Fannie Mae, Pima County, and the Southwest Fair Housing Council.

NEWPORT BEACH, CA - July 12, 2011 - (RealEstateRama) -- Mark Lucescu, President of Lucescu Realty, a market leading investment real estate services firm, announced today that the firm has recently opened a new regional office in Phoenix, AZ to better serve its clients. Lucescu Realty’s new Phoenix office is located at 2415 East Camelback Road, Phoenix, AZ.

Phoenix, AZ - July 6, 2011 - (RealEstateRama) -- RE/MAX Excalibur Realty, RE/MAX Fine Properties and RE/MX Professionals, three of the most successful real estate companies in Arizona, have ranked among the top residential real estate brokerages in the state based on “The List” survey published annually by the Phoenix Business Journal.

PHOENIX, AZ - July 5, 2011 - (RealEstateRama) -- Jackie Orcutt has joined the team at Cushman & Wakefield of Arizona, Inc. in Phoenix, as an associate in the commercial real estate services firm’s Industrial Group. Orcutt’s focus includes tenant representation assignments and project leasing, primarily in the Sky Harbor Airport and southeast valley submarkets

Phoenix, AZ - June 20, 2011 - (RealEstateRama) -- Where will we be in five years regarding sustainability and the job market as they pertain to personal lifestyle, customer loyalty, and employee expectations?

June 7, 2011 - (RealEstateRama) -- One of the Southwest’s most distinctive and popular tourist destinations is Taliesin West, home of the Frank Lloyd Wright School of Architecture, Frank Lloyd Wright Archives, Western “camp” and permanent residence for Frank Lloyd Wright, wife Olgivanna Lloyd Wright and the “Taliesin Fellowship” since 1937.

Scottsdale, AZ - May 24, 2011 - (RealEstateRama) -- A mere eight weeks after opening two model homes at The Village at Paradise Reserve, Cullum Homes is proud to announce that Phase One of the luxury new home community just west of 40th Street on Lincoln Drive near Paradise Valley has sold out. Two homes in Phase Two have also been sold.

Phoenix, AZ - May 19, 2011 - (RealEstateRama) -- The admonition, “Go west, young man!” was taken to heart by William Shirley Fulton from his Waterbury, Connecticut home and lucrative manufacturing business. 1600 acres sprawling amidst the desolate beauty of Texas Canyon in Cochise County, Arizona was Fulton’s find, becoming home and investment. The Amerind Foundation became the passion of Fulton’s life as he established it in 1937. Fulton’s life and accomplishments are more than his personal and family legacy; they function as a primer on how to survive and thrive in today’s economic domestic climate. The Amerind Foundation in its structure, organization, scope of work and active research and programs well illustrates the vitality of contemporary non-profit practice in America.