Commercial Real Estate Transactions 06-04-2019
Sales Transactions 1. Sansome Pacific joint venture recently completed the sale-leaseback transaction for 11 Cabela’s locations for $324M, in what is believed to be the largest transaction brokered by a digital platform, B+E, to date. Founders of B+E, Camille Renshaw and Scott Scurich, have a background in both traditional real estate brokerage and tech before […]
RFP Issued for New ASU Multi-Purpose Sports Arena
By Tasha Anderson for AZBEX Arizona State University recently issued a Request for Proposal (RFP) for a company to enter into a long-term ground lease for the new Multi-Purpose Arena planned on 10 acres of the Novus Innovation Corridor in Tempe. The 5,000 seat multi-purpose arena will be located directly northeast of and will attach […]
Chandler Unified Proposing New Elementary School
By Tasha Anderson for AZBEX Chandler Unified School District is looking to build a new elementary school at Ocotillo Road and 14th Street in Gilbert, due to rising enrollment rates in the southeast region of the district. The project, called Elementary School #31, is planned as the development of a 91KSF building on 13 acres […]
Arizona Projects 05-31-19
Awards & Accolades 1. LSW Engineers announced its latest award: The American Society of Heating, Refrigeration and Air Conditioning Engineers (ASHRAE) – Central Arizona Chapter selected Embry Riddle Aeronautical University Classroom and Lab Building in Prescott, AZ as the “Best Institutional HVAC Design” during the chapter’s Fifth Annual Honors & Awards Dinner on May 16. […]
New Gated Condo Development Proposed for Phoenix
By Tasha Anderson for AZBEX The City of Phoenix will hear a rezoning request for the development of a new gated condominium development, at the SWC of 24th Avenue and Avalon Drive, at its June 5 City Council meeting. Applicant, Pew & Lake, PLC, on behalf of Ridgeway Investments, LLC of Provo, Utah submitted the […]
Yuma Campus Board Discusses New Education Hub
By Mara Knaub for Yuma Sun After receiving $100K in grant funding for a proposed “multiversity” campus, the inaugural Board of Directors met April 26 to begin discussing the project. The Yuma Multiversity Campus will serve as an education hub for existing institutions of higher education and the degrees they offer. The board discussed bringing […]
Industry Professionals 05-28-19
Giving Back 1. The Sundt Foundation awarded a total of $29K in grants to 16 Tucson-area nonprofits during its second-quarter disbursements. The Sundt Foundation awards grants quarterly to area charities that support disadvantaged children and families. 2. Engineering consulting firm Terracon raised $10,279 for Kids at Hope through their annual golf tournament and presented the […]
Commercial Real Estate Transactions 05-28-2019
Sales Transactions 1. CBRE announced the sale of The CORE, a newly built Class A, 282-unit multifamily complex at 15333 N. Hayden Rd in Scottsdale for $80.4M. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE represented the seller, Sunrise Luxury Living. The buyer was not announced. 2. Goodman Real Estate recently purchased […]
121-Unit Assisted Living Community Planned for Mesa
By Tasha Anderson for AZBEX P.B. Bell Communities is proposing to build a new assisted living community with nursing home on 4.11 acres at the SEC of Banner Gateway Drive and Old Greenfield Road in Mesa. The City of Mesa heard and approved a request to rezone the property from Agriculture to Multiple Residence District […]
Arizona Projects 05-24-19
Groundbreakings 1. Conor Commercial Real Estate and Globe Corp. broke ground on May 14 on one of the first industrial opportunity zone projects in the Valley, Airport 40, a $33M industrial project at University Dr and 40th St. The project is expected to be complete in Q2 2020. 2. The 125KSF Pollack Paseo Del Oro […]