What's Hot

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 2025

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [August 26, 2025] - Plan Revisions in Marana Would Yield New Commercial and Residential Developments
    • [August 26, 2025] - Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix
    • [August 26, 2025] - Round 3 of BuildItAZ Grants Announced
    • [August 26, 2025] - Industry Professionals 08-26-25
    • [August 26, 2025] - Commercial Real Estate 08-26-25
    • [August 22, 2025] - 383-Unit Multifamily Project Recommended by Goodyear P&Z
    • [August 22, 2025] - Aviation Training Center Planned for Mesa-Gateway Airport
    • [August 22, 2025] - Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Plan Revisions in Marana Would Yield New Commercial and Residential Developments

      August 26, 2025

      Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

      August 26, 2025

      383-Unit Multifamily Project Recommended by Goodyear P&Z

      August 22, 2025

      Aviation Training Center Planned for Mesa-Gateway Airport

      August 22, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Old Town Scottsdale to See $40M in Improvements

      August 20, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Commercial Real Estate 08-05-25

      August 5, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Industry Professionals 08-05-25

      August 5, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Arizona Projects 08-08-25

      August 8, 2025

      Arizona Projects 08-01-25

      August 1, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Ariz. Supreme Court Upholds Citizens’ Right to Halt Local Projects

      August 8, 2025

      Proposed Legislation Aims to Increase Housing Supply

      August 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      Plan Revisions in Marana Would Yield New Commercial and Residential Developments

      August 26, 2025

      Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

      August 26, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Industry Professionals 08-26-25

      August 26, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Commercial Real Estate » Commercial Real Estate News 01-16-24
    Commercial Real Estate

    Commercial Real Estate News 01-16-24

    BEX StaffBy BEX StaffJanuary 16, 2024No Comments3 Mins Read
    6. Larkspur. Credit: Cashen Realty Advisors
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Sales Transactions

    1. Institutional Property Advisors has announced the $33M sale of the 256-unit apartment community The Place at Spanish Trail in Tucson. IPA’s Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David represented the undisclosed seller and found the buyer.

    2. Ventana Medical Systems, Inc. has paid $25M for the 112.5KSF Icagen Pharmaceutical R&D Facility at 2090 E. Innovation Park Dr. in Oro Valley. Ventana is owned by Roche Tissue Diagnostics.

    3. Capstone Advisors has acquired 420 S. Mill Ave and 501 S. Mill Ave. in Tempe for $22.2M. Century Drive Investments LLC was the seller.

    4. The Meritex Company has purchased a 101.9KSF industrial building at 3930 E. Watkins St. in Phoenix for $20.3M. The fully leased building was sold by the Simone Charitable Foundation. Brian Ackerman of Colliers in Arizona represented the Foundation.

    5. Intersection Development (as Main & Main RoRo Property Owner LLC) has paid $10.5M for 1.06 acres across several connected Roosevelt Row District parcels, including radio-station based property 840 N. Central Ave. The seller was Audacy, a radio-station ownership firm.

    6. Cashen Realty Advisors brokered a $9.87M sale from Larkspur Lane Investments to Magnolia Property Company to develop Magnolia 7th and Camelback, a 249-unit multifamily community on 4.5 acres at the NEC of Camelback Road and 7th Avenue in Phoenix.

    7. Newmark arranged the $9.33M sale of Talavi Corporate Center, a 153.3KSF, three-story office and medical office property on 11.4 acres at 5651 W. Talavi Blvd. in Glendale. Woodside was the buyer. Newmark’s Barry Gabel, Chris Marchildon and CJ Osbrink represented seller Regent Properties.

    8. ABI Multifamily‘s Carson Griesemer, Dallin Hammond and Mitchell Drake represented the buyer in the $6.925M sale of Quays at Encanto, a 26-unit, two-story apartment complex in Phoenix. The buyer and seller were not disclosed.

    9. Cushman & Wakefield advised the sale of a last-mile industrial portfolio totaling more than 491KSF. The portfolio includes Canal Crossing, a 155KSF single-tenant building, and Riverside @ 51st, a 336KSF multi-tenant building. Canal Crossing was acquired by LaSalle Investment Management and Riverside @ 51st was acquired by Link Logistics.

    10. CapRock Partners announced the acquisition of 5858 W. Lower Buckeye Road, a new 249.8KSF Class A industrial warehouse building in Phoenix. The space is pre-leased to two tenants. Stein Koss, Tom Louer and Fenton Kelly at Lee & Associates represented CapRock Partners in the purchase transaction and leasing. The two tenants were represented by Josh Wyss with Cushman & Wakefield and Pat Harlan, James Panczykowski and Kyle Westfall with JLL, respectively. Terms were not disclosed.

    Lease Transactions

    11. TruWest Credit Union has leased and moved into 26KSF in the Discovery Business Campus on East Elliot Road in Tempe. TruWest was represented by Steve Berghoff and Mark Haslip of Menlo Group. Mark Gustin, Ryan Timpani and Jimmy Cornish of JLL manage leasing for Discovery Business Campus. The campus’ owner is Wentworth Property Company.

    12. Outdoor equipment retailer REI announced it will open a new store in a 24KSF space at 6040 W. Behrend Dr. in Arrowhead Promenade in Glendale.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Commercial Real Estate 08-26-25

    August 26, 2025

    Commercial Real Estate 08-19-25

    August 19, 2025

    Commercial Real Estate 08-12-25

    August 12, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 2025

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025

    Industry Professionals 08-26-25

    August 26, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 20250

    By Roland Murphy for AZBEX Developer Bourn Companies and property owner Red Point Development have…

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025

    Industry Professionals 08-26-25

    August 26, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 2025

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.