PHOENIX-Promotions and hires come down the pike for four real estate-related and architectural firms in the Valley. Included in the changes are CB Richard Ellis' Phoenix office, which adds a first vice president and a vice president to its roster.
PHOENIX-The 115,000-sf North Valley Center in Peoria, AZ and the 125,000-sf Arrowhead Marketplace in Glendale are stripped from Phoenix-based Westcor's portfolio. Westcor grabs $27.8 million in a sale to a Colorado-based retail investment group.
PEORIA, AZ-Woodbum Discount Foods is investing in the high-growth residential area of Peoria. Seller Price Realty Consulting Group of San Diego gets $1.53 million for an Arby's restaurant along 91st Avenue.
SCOTTSDALE, AZ-Westcor Partners can rest easy. Macy's is stepping to take over a 250,000-sf spot vacated in January by Sears at the Scottsdale Fashion Square. It marks the fifth Valley store for Macy's and its seventh in Arizona.
PHOENIX-The 483,000-sf, 90%-occupied Viad Corporate Center has a new taskmaster. Dallas-based Trammell Crow's Phoenix team has wrested the leasing and management pact from Cushman & Wakefield of Arizona.
MESA, AZ-A Colorado couple put up $2.1 million or $46,666 per unit for the Sunland North Apartments, a 45-unit holding in Mesa. A private investor from Fountain Hills, AZ is the seller in the deal structured by a Marcus & Millichap broker.
PHOENIX-Atlantic Development of Hartford, CT has put up $2.5 million for an older apartment complex in an area struggling with revitalization. Phoenix investor Frank Soris is the seller of the 85-unit Quiet Village Apartments in the central part of town.
PHOENIX-NxtPhase, based in Vancouver, Canada, is readying for a move into 12,000 sf in a 41,000-sf spec building owned by Chicago's Alter Group. The high-tech company provides technology to the power industry.
PHOENIX-The FAA extends a comment period for two more weeks on the $375-million Arizona Cardinals stadium in Tempe. The FAA sets Oct. 22 to release its final report on safety issues of the site's impact on nearby Sky Harbor International Airport in Phoenix.
CHANDLER, AZ-Nordstrom's has lined up 11,000 sf of warehouse space in the Fairview Corporate Center, positioned four miles from Chandler Fashion Square. The site will be used for temporary inventory storage for the retailer's second area store.