TUCSON—CBRE's Multifamily Investment Group announces the addition of John Ash in the company's Tucson office. Ash will work in conjunction with Brian Smuckler and Jeff Seaman, who are based in company's Phoenix office.
PHOENIX—Lincoln Property Company announces the appointment of senior property manager Megan Watkins as 2015 President of the Building Owners and Managers Association–Greater Phoenix.
PHOENIX—In this edition of Deal-Tracker, CBRE completes the sale of Metro Commons, a multi-tenant retail center located at 3121 W. Peoria Ave. in Phoenix.
PHOENIX—Berkadia recently originated a $29.8 million loan for the acquisition of Midtown on Main, a multifamily property located at 2121 W. Main St. in Mesa.
TUCSON—Tucson's Retail big box space has had a healthy year of absorption with the bulk of the leasing happening in the core of the city while the peripheral areas of town continue to see big boxes remain vacant. As we've seen in the last several quarters since the slowdown of new housing construction, Tucson is definitely a Tale of Two Cities.
PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. completes the $1.5 million sale of an industrial property at 3025 W. Weldon Ave.
PHOENIX—CIRE Management, based in La Jolla, purchased Monterey Vista Village Shopping Center from Sandy, UT-based Monterey Vista Village Shopping Center, LLC. The asset is located on the northwest corner of Pecos and McQueen Roads in Chandler.
TUCSON—CBRE has completed the sale of a twenty-four property gas station and convenience store portfolio for properties in Tucson and throughout Southern Arizona. The portfolio commanded a sale price of $39.75 million.
PHOENIX—Urban Land Institute Arizona Trends Day this week at The Phoenician in Scottsdale attracted 900 participants and covered a wide array of topics from “Reviving the Economy: Phoenix Open & Super Bowl,” to “Expanding Horizons: Land and Residential Market View.”
PHOENIX—On behalf of Arizona-based Soilworks, the Phoenix office of Jones Lang LaSalle has completed a class A office lease in Scottsdale that establishes a new world headquarters for the company, a leader in dust control and soil stabilization technology.