TEMPE, AZ-Advanced Services Inc. has found 42,377 sf suitable for the GE Consumer Products' customer service center, signing a seven-year lease that brings a relocation from Phoenix to Tempe. The move takes place April 1.
MESA, AZ-The Sacramento buyer uses a 1031 Exchange to acquire the 31-unit property, with just one vacancy. The private investor plunked down the closest offer to the asking price for 425 N. Vineyard St.
GLENDALE, AZ-Michael A. Pollack is accorded another honor for his makeover of a 1960s-era, vacant strip mall at 5340 W. Glendale Ave. Locally known as the "plastic surgeon of real estate," he is feted by the Glendale Chamber of Commerce.
CHANDLER, AZ-Work on the 900,000-sf plant will begin by midyear 2004, with completion now marked for late 2005. The 4500 S. Dobson Rd. facility, developed in 1996, will be the fifth in the Intel line-up with the same capacity.
MAMMOTH, AZ-Renal Care Group holds a 10-year lease for the 5,940-sf building in a town northeast of Tucson. The long-awaited center is a single-story design with 15 dialysis stations and doctors' offices.
PHOENIX-The Brentwood II Apartments are taken over by Cal State Investments Ltd. of Palos Verdes. Several bidders were jockeying for the well-maintained, class C asset at 6805 N. 27th Ave. property. It was 91% occupied at sale time.
AVONDALE, AZ-The 308,000-sf Gateway Pavilions marks the milestone and predicts the balance of the inline space will be filled within the next four months. The sweet part, says the developer, is it's still 10 months from delivery.
PHOENIX-Christian and Magdalena Covaciu, active in the metro's multifamily market, sell the 36-unit Hillside Terrace Apartments less than a year after they bought it. The 1130 E. Butler Dr. property attracted interest from eight would-be buyers.
PHOENIX-Ric Holway gets the honor for a sales volume of $56 million in multifamily transactions. He credits devoted clients and working with the right people for his success along with the commitment.
PHOENIX-The Jewish News of Greater Phoenix looks around the market and then elects to stay put, adding 2,174 sf to its 4,874-sf office at 1625 E. Northern Ave. The renewal and expansion is valued at $581,488 over the contract's term.