SCOTTSDALE, AZ-Oak Street Mortgage grabs 11,000 sf of class A space in the 312,000-sf, mixed-use building in Scottsdale's CBD. The mortgagor is eyeing an April 1 move from midtown. Price and amenities firm up the deal.
PHOENIX-AmeriVest Properties makes its second metro Phoenix buy in less than two years, gaining control of a 97%-occupied, 147,660-sf office building in the northwest submarket. The LA police and fire departments' pension fund is the seller.
HOUSTON-Sister subsidiaries, shopping the market individually, make a mutual decision that fills the Enclave on the Lake, a class A office building that's been vacant since it delivered three years ago.
SCOTTSDALE, AZ-The five-year tenant extends a lease and adds 2,109 sf to its bottom line for the Gainey Ranch Financial Center, a three-story building in one of Scottsdale's premier office parks.
HOUSTON-Deidra Dierks is named to the new post after spending six years with the firm. Tasked with building the asset base, she becomes the leader of the investment services division for McCord Development.
HOUSTON-Stephen Sweet exits Gables Residential Trust for a partnership and managing director of development position at Alliance Communities' Central Region. He will focus on Houston and Austin, but admits he's eyeing Dallas.
PHOENIX-Intelli-Vault Properties is spending $3 million to develop a warehouse in the Reywest Commerce Center for Record Center Innovations, the Valley's leading document storage business. The site is at 39th Avenue and Washington Street.
HOUSTON-For the second consecutive year, Sunterra Real Estate Group makes BOMA's "A List" for property management. This year, the team wins for management of IBC Plaza, owned by the International Bank of Commerce.
SCOTTSDALE, AZ-The company takes 3,059 sf for five years at Camelback Executive Park, a recently renovated 160,000-sf office building near downtown Scottsdale. For the tenant, it's a second Scottsdale location.
PHOENIX-Buyer Crimson Capital gets the 337,000-sf Anchor Centre in the Camelback Corridor and an extra six acres of office-zoned land. RREEF Funds is the seller, walking away with one of the top three sales in the last two years.