PHOENIX—iStar Residential has broken ground on the final phase of Sage, a luxury condominium community along the Scottsdale waterfront, that will be the only new-construction, for-sale condominiums in Downtown Scottsdale. The construction, which is in excess of $35 million of residential real estate, signifies the first ground-up condominium development in Downtown Scottsdale since the recession.
PHOENIX—Cassidy Turley announces that Jared Langenhuizen has joined the firm's project and development services division as senior vice president in the Phoenix office.
PHOENIX— Velocity Retail Group, LLC announces that Dollar Tree has finalized a 7 year lease for a 9,145 square foot store at Anthem Eastside Shops at the northwest corner of Anthem Way and Venture Drive. The store, which is slate to open September 1, marks the 63rd in the Phoenix Metro area.
PHOENIX—GlobeSt.com recently speaks Thomas Bisacquino, CEO of NAIOP, about the upcoming E.CON conference and how E-Commerce is changing the face of retail CRE.
PHOENIX—CBRE negotiated the sale of the leasehold interest in Rimrock at ASU Research Park in Tempe. The two-building, 83,764-square-foot office complex located at 2030 and 2050 East ASU Circle in Tempe, Ariz. commanded a sale price of $18.4 million.
PHOENIX—BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Papago Crossing apartments for $8.1 million. The move further advances the firm's investment strategy in the region.
PHOENIX—Groundbreaking day has arrived for the first phase of Airport I-10, a Wentworth Property Company/Clarion Partners Class A industrial project being leased by the Phoenix office of JLL that, at completion, will represent one of the largest Sky Harbor Airport-area speculative industrial developments in Phoenix history.
PHOENIX—Keaton Merrell, co-founder of Legacy Capital Advisors, Phoenix, was recently named outstanding chapter president of the year for NAIOP at the Chapter Leadership and Legislative Retreat in Capital Hilton, Washington, D.C.