Industry Professionals 07-23-19
Giving Back 1. Just in time for the new school year, Western Wealth Capital gave out 3,500 backpacks on July 16, including 2,095 in the Greater Phoenix area alone. 25 communities in the Valley participated in Western Wealth Capital’s Fourth Annual We’ve Got Your Back event. Awards & Accolades 2. The Top 10 commercial real […]
Commercial Real Estate Transactions 07-23-2019
Sales Transactions 1. Institutional Property Advisors, a division of Marcus & Millichap, announced the $65.4M sale of Aventura, a 408-unit multifamily property in Avondale. Steve Gebing and Cliff David, IPA senior managing directors, represented the seller, Boston Capital, and procured the buyer, an institutional investment manager. 2. Investors Capital Group has purchased Domain 3201, a multifamily […]
100 MW Solar Park Proposed for Casa Grande
By Tasha Anderson for AZBEX EDP Renewables North America LLC (EDPR) is proposing to develop a large solar energy park at the NWC of the intersection of Bianco Road and Interstate 8 in Casa Grande. The Pinal County Planning and Zoning Commission reviewed a Comprehensive Plan Amendment request at its work session meeting yesterday, to […]
31.5KSF Micro-Hospital Proposed for Cave Creek
By Tasha Anderson for AZBEX The Cave Creek Town Council has approved a rezoning request of a 4-acre site south of the Carefree Highway between 52nd and 53rd streets, for the development of a new micro-hospital. The property consists of two parcels and is located adjacent to a Sprouts-anchored retail center that is currently under […]
Arizona Projects 07-19-19
Groundbreakings 1. Optima real estate development firm is underway with its third and fourth luxury residential towers, including the $5M 7180 Optima Kierland. Optima Kierland Center has been named a pilot project for the city of Phoenix’s newly-adopted International Green Construction Code. Master-planned community embodies the design WIPof architects David Hovey, Sr. FAIA, Optima’s founder/CEO, […]
DB Firm Requested for Goodyear Civic Square
By Tasha Anderson for AZBEX The City of Goodyear and Globe Land Investors, LLC (Globe Corporation) have recently issued a Request for Qualifications for a Design-Build firm for the development of the City Hall portion of the Goodyear Civic Square at Estrella Falls project. The project, located Adjacent to Bullard Wash, west of 150th Dr, […]
Industry Professionals 07-16-19
Boards & Commissions 1. Heidi Kimball, Senior Vice President with Sunbelt Holdings, has been selected as the new Chair of the Urban Land Institute, Arizona District Council (ULI Arizona), serving on a voluntary basis for a two-year term that started on July 1. ULI Arizona also announced Mark Winkleman, President of MGS Realty Partners, is […]
Commercial Real Estate Transactions 07-16-2019
Sales Transactions 1. Solano Ridge I and Solano Ridge II Apartments, a 561-unit multifamily housing community located near 35th Avenue and Northern, sold this month for a combined price of $56.7M. Over the last 30 months, 3rd Ave Investments invested $2.5M into the property to upgrade the apartments, clubhouse and common areas. The NorthMarq Phoenix […]
SimonCRE to Redevelop Former Retail Center
Source: SimonCRE SimonCRE closed on a former Safeway-anchored shopping center, Park Northern, located at the NEC of 35th and Northern avenues in Phoenix. The former Safeway burned down in a fire last July, due to storm damage causing a roof collapse and broken gas line. Now, one year later, SimonCRE is set to redevelop and […]
Arizona Projects 07-12-19
Awards & Accolades 1. Arizona State University’s Metis Center for Infrastructure and Sustainable Engineering selected ADOT’s Laguna Creek Bridge improvement as one the recipients of its 2019 Sustainable Infrastructure Awards. Faculty reviewed nominations from public, private, nonprofit and academic organizations on innovative approaches that advance sustainability in infrastructure. Groundbreakings 2. Renovations will start Monday at […]