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LNR Partners completes sale of three properties at Cotton Center

Posted by   /  May 7, 2015  /  Real Estate News Briefs  /  No Comments

Cotton Corporate Center I

DTZ, a global leader in commercial real estate services, has announced that LNR Partners LLC has closed two investment sale transactions involving a total of ±264,000 square-feet of office and flex office space within the prestigious Cotton Center business park. The purchaser was a joint venture formed by True North Management Group (White Plains, NY) […]

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Newport Beach firm pays $42M+ for 460K SF portfolio of office-industrial

Posted by   /  May 7, 2015  /  Dealmaker, Real Estate  /  No Comments

office industrial in Phoenix

By Business Real Estate Weekly A limited partnership and a fund formed by TA Associates Realty in Newport Beach, Calif. paid $42.178 million (blended average of $91.56 per foot) to acquire 460,669 sq. ft. of office and industrial space in nine buildings in Phoenix. The properties were sold by companies formed by Jim O’Donnell of […]

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New Mexico-based bank leases 10,500 SF in Furst properties’ Scottsdale building

Posted by   /  May 7, 2015  /  Real Estate  /  No Comments

Furst

Bank 34 has leased 10,500 square feet of Class A office space at The Pinnacle in Kierland IV, a development of Furst Properties, a press release said. The location, 14850 N. Scottsdale Road, is the New Mexico-based bank’s fourth full-service banking center. Other branches are located in Peoria, Ariz., Alamogordo, N.M., and Las Cruces, N.M. […]

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Study: Scottsdale Airpark sees continued growth

Posted by   /  May 1, 2015  /  Dealmaker, Economy, Real Estate  /  No Comments

Scottsdale Airpark

The Scottsdale Airpark has seen continued growth between 1981 and 2014 in the areas of available square-footage and number of employees, with the exception of a slight drop in jobs from 2009 to 2011, according to a Colliers study. Businesses moving into the area also steadily increased. James Keeley, SIOR, CCIM, founding partner and managing […]

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[EXCLUSIVE] Blockbuster Land Deals, March edition

Posted by   /  April 28, 2015  /  Dealmaker, Real Estate  /  No Comments

Welcome to Dealmaker’s Blockbuster Land Deals, a monthly report on the top commercial land deals in the Valley, based on filings with the Maricopa County Recorder. By Philip Haldiman, Editor-in-Chief | Dealmaker Office space and apartments faced off in March for the top commercial transactions in the Valley. Following a blistering streak for office space […]

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Two Class A office projects coming to Scottsdale; one will be an Inc. 500 HQ

Posted by   /  April 14, 2015  /  Dealmaker, Real Estate  /  No Comments

By Mike Sunnucks | Phoenix Business Journal Two Class A office developments are coming to Scottsdale, and one of them will be an Inc. 500 company headquarters. Saxa Inc. and Caliber Cos. will break ground in June on a $7 million office building near Loop 101 and Bell Road. The Bahia 101 project will total […]

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Liberty Property Trust on roll with Valley real estate activity

Posted by   /  April 10, 2015  /  Dealmaker, Real Estate  /  No Comments

Liberty Property Trust

By Business Real Estate Weekly Whether it is buying empty buildings, developing speculative industrial and office space or vying for build-to-suit opportunities in the Valley, Liberty Property Trust in Malvern, Pa. (NYSE:LPT) is finding great success in the Phoenix market. Now that the company has secured national retailer Tuesday Morning Corp. to occupy a vacant, […]

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VanTrust buying office building in Phoenix to be vacated by State Farm

Posted by   /  April 9, 2015  /  Dealmaker, Real Estate  /  No Comments

office

By Business Real Estate Weekly In a deal set to close at press time, VanTrust Real Estate LLC in Kansas City, Mo. (David Harrison, pres.) is expected to pay just under $23 million ($167.27 per foot) to buy a 137,069-square-foot office building at 444 N. 44th Street in Phoenix. The seller is LBA RIV-Company VII […]

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Study: Industrial vacancy rate in Phoenix hits 2008 levels, office vacancy flat this quarter

Posted by   /  April 6, 2015  /  Dealmaker, Real Estate  /  No Comments

occupancy

By Philip Haldiman, Editor-in-Chief | Dealmaker The industrial vacancy rate in metro-Phoenix dropped below 12 percent this quarter for the first time in seven years, but rates in the office market stayed the same, a new report from Colliers International says. The industrial vacancy rate hit 11.8 percent compared to 13.6 percent this time last […]

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Crow Holdings pays $74.3M for Camelback Esplanade III office building

Posted by   /  March 12, 2015  /  Dealmaker, Real Estate  /  No Comments

Esplanade

By Business Real Estate Weekly In a deal signaling that Class A office space in the Valley has reached a price per foot value close to pricing prior to the downturn in the market, Crow Holdings Capital Partners LLC in Dallas, Tex. has paid $74.3 million ($340.41 per foot) to buy the 218,266-square-foot Esplanade III […]

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