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Top Stories for Wednesday, June 19, 2013

  GPE Facebook Page Ranking Arizona

 

► Ranking Arizona

 

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For Lease

For Lease - Arizona Medical Plaza

Arizona Medical Plaza

Phoenix, AZ 85021

availability status

Medical office and office space available for lease. Building frontage on Glendale Avenue. Close to 3 major medical centers, abundant retail and restaurant amenities nearby. Monument signage coming soon.

Details ►

 

For Purchase or Lease

For Purchase or Lease - Parkvale Medical Building

Parkvale Medical Building

Phoenix, AZ 85031

West Valley medical office space available. Spacious lobby with automatic doors. Elevator, skylight and 2nd Floor balcony. Walking distance to Maryvale Hospital. 51st Avenue frontage. Minutes from I-10.

Details ►

 

For Lease

For Lease - North Mountain Medical Plaza

North Mountain
Medical Plaza

Phoenix, AZ 85020

availability status

Medical office space available for lease on west side of John C Lincoln North Mountain Hospital campus. Building fronts 2nd Street; suite available February 1, 2011. Minutes from I-17 and SR-51 freeways. Ample parking. Close to medical, retail and restaurant amenities.

Details ►

 

For Purchase

For Purchase - Apache Trail

Apache Trail

Apache Junction, AZ 85120

availability status

Medical office / office building available for purchase two miles north of Mountain Vista Medical Center in Apache Junction on Main Street. Former physical therapy space with indoor pool and monument signage in place. Close to Loop 202 (Red Mountain Freeway).

Details ►

 

For Purchase

For Purchase - Indian School Professional Plaza

Indian School
Professional Plaza

Phoenix, AZ 85037

Three-suite Medical Office Condo is available for purchase in Phoenix. The building offers 7,750 SF with the three built-out medical suites, with high end finishes. The building is accessible from entrances on 91st Ave. and Indian School Road and is located 2 miles north of Banner Estrella Medical Center. Building and monument signage is available. It was last sold in Shell Condition for $1,250,000 in 2005.

Details ►

 

► Arizona Builder's Exchange

 

How to get the most out of twitter

Sometimes twitter can be daunting and confusing – especially for those who aren’t familiar with this world that is filled with hash tags, random *trending topics, *AVIs, talk of *Bigwigs – and several other things that simply don’t make sense outside of the digital world. However, with a little guidance, you can use twitter to help you make invaluable connections, professional or otherwise. — co.ke/blog/

 

Phoenix Independents Week Events

To celebrate Independents Week June 30 – July 7, we’re planning a series of events to bring the community together! Check out these events below, or join us for down south for any of our Tucson events! — localfirstaz.com

 

Taxation Vexation: Special districts often lead to wildly disparate tax bills among neighbors

Arizona’s patchwork of special taxing districts took shape more than three decades ago as local governments looked for ways around property-tax limits without incurring voter wrath. — azcentral.com

 

Commercial real estate companies see increased activity resulting from rise in home prices

Commercial companies are beginning to feel the effects of continued improvements in home property values. The Sacramento Business Journal reported that commercial real estate is finally starting to reap the benefits trickling down from the significant housing recovery. — zoliath.com

 

Global heavyweight Jones Lang LaSalle throws down the gauntlet

Brett Miller would be happy if the company that his father helped to build started bleeding business. Mr. Miller quit the firm where his dad, Clive Miller, had been a founding principal in order to take a top job at its rival, as president of the Canadian arm of Jones Lang LaSalle. — theglobeandmail.com

 

For Purchase or Lease

For Purchase or Lease - Brookside Bell Professional Park - Office Building

Brookside Bell Professional Park - Office Building

Surprise, AZ 85374

availability status

Office / medical offic3442e space available for purchase in well-established, stable medical office project. Existing tenant includes Chiropractor. Located near Surprise City Center, Surprise Stadium Village and Surprise Spring Training Complex. Good access to Bell Road, US-60, and Loop 303.

Details ►

 

Feature Story:

Garmin to Build 60,000-SF Center

CHANDLER, AZ-Garmin, which has had operations at the Chandler Corporate Center for five years, is changing its status from tenant to facility owner. As such, the global positioning satellite company will soon launch construction on a 60,000-square-foot building to expand local operations. — more at globest.com

 

Toll Brothers pays $3.7M for Carefree land, luxury homes planned

The Pennsylvania-based home builder recently paid $3.7 million for more than 15 acres in a Carefree community that has laid dormant since falling into foreclosure amid the housing bust, according to a statement this week from the Phoenix office of Cassidy Turley. — more at bizjournals.com

 

Office SpaceMedical Office Space

availability status

For Lease - Arizona Medical Plaza

1728 W Glendale Ave, Phoenix, AZ 85021

Arizona Medical Plaza

1728 W Glendale Ave,
Phoenix, AZ 85021

  • 1,036 SF to 9,319 SF
  • Lease Rate: $18.50 per SF
  • Medical and Office Space with Glendale Frontage!
  • New Property Management with Renovations in Progress
  • Pharmacy Space Available

Details ►

Bret Isbell - 480-423-7906   |   Russell Fine - 480-423-7926   |

 

Former Albertson’s Sells for $1.4M

Lead Charter Schools acquired the former Albertson’s building at 717 W. Ray Rd. in Gilbert, AZ for $1.35 million, or about $23 per square foot, from The Praedium Group LLC and ScanlanKemperBard Companies. — more at costar.com

 

Lifeprint Health Ctr Sells for $20.5M

Talia Jevan Properties, a Vancouver, BC-based investment group, has acquired the Lifeprint Health Center at 20414 N. 27th Ave. in Phoenix, AZ for $20.5 million, or about $250 per square foot. — more at costar.com

 

Upscale Senior Housing Complex In North Scottsdale Trades For $30 Million

Scottsdale - A company formed by The Reliant Group in San Francisco, Calif. (Joseph Sherman, pres.) paid $30 million ($176,471 per unit) to acquire a 170-unit senior housing project in Scottsdale called Art. The seller was Arte Senior Living LLC, a company formed by Avenir Group of Cos. in Vancouver, B.C., Canada (David “Les” Craik , pres.). — more at brewaz.com

 

Commercial Real Estate News 6-18-13

Although the price tag is $46.5M, the package included medical properties from Wisconsin, Illinois, and Banner Health in Goodyear. Broadstone Net Lease Inc. closed on the deal as part of a six property acquisition across the three states. BNL picked up an office building housing Banner’s Goodyear clinic. — more at azbex.com

 

Medical Office Space

For Purchase or Lease - Parkvale Medical Building

4616 N 51st Ave, Phoenix, AZ 85031

Parkvale
Medical Building

4616 N 51st Ave,
Phoenix, AZ 85031

  • 1,065 SF to 16,636 SF
  • Lease Rate - Promotional Rate:
    $14.00 per SF - Full Service
  • Medical Offices Within Walking Distance to Maryvale Hospital
  • 51st Avenue Frontage with easy access to I-10
  • Spacious Lobby - Convenient Automatic Doors - 2nd Floor Balcony

Details ►

Bret Isbell - 480-423-7906   |   Julie A Johnson, CCIM - 480-423-7933   |

 

Apple-refurbishing firm opens north Phoenix store

The entrepreneurs were told their idea was no good, but they persevered, proving their critics wrong by launching a business that has thrived. Justin Cannon and Travis Mahaffey, owners of the Mesa-based business called the Orchard, have opened their third location, in northwest Phoenix. Their other site is in Chandler. — more at azcentral.com

 

Council approves Maya theater complex site plan

A theater chain is one step closer to building an entertainment complex in downtown Queen Creek. During their June 5 meeting, members of the Queen Creek Town Council voted unanimously to approve a site plan for phase one of the movie theater complex being proposed by Los Angeles-based Maya Cinemas. — more at santanvalley.com

 

Tempe Mill Avenue merchants cheer movie-complex plans

Downtown Tempe shop owners and residents are hopeful that the announcement of a new movie theater just off Mill Avenue will boost business and interest beyond the traditional restaurant and bar scene. — more at azcentral.com

 

Tucson tech: Xerocraft cooperative workspace for tinkerers moving downtown

Since 2010, Xerocraft “hackerspace” has welcomed frustrated engineers, curious tinkerers and do-it-yourselfers of all stripes to share ideas and equipment in a beat-up commercial building on South Sixth Avenue. Now, Tucson’s original cooperative “hackerspace” is moving downtown, where it will join other collaborative workspaces to help form a new “innovation district.” — more at azstarnet.com

 

Medical Office SpaceOffice SpaceOwner-User Condo

availability status

For Purchase or Lease - Brookside Bell Professional Park - Office Building

15288 West Brookside Lane, Surprise, AZ 85374

Brookside Bell Professional Park - Office Building

15288 West Brookside Lane,
Surprise, AZ 85374

  • +/-950 SF to +/-7,569 SF
  • Lease Rate: $18.00 per SF - Gross
  • Purchase Price: $680,000.00
  • Owner-User Investment Opportunity
  • Office / medical space for sale or lease near Surprise City Center
  • Located in well-established medical office project
  • Close to retail and restaurant amenities

Details ►

Bret Isbell - 480-423-7906   |   Russell Fine - 480-423-7926   |

 

Tucson real estate

Sales • Arizona Equity II LLC of Tucson bought two vacant parcels in Santa Rita Ranch, near Sahuarita and Houghton roads, from P.I. Holdings No. 4 Inc. of Phoenix for $850,000, cash; then sold one of the parcels to Santa Rita Ranch III LLC of New York for $1.7 million, cash. — more at azstarnet.com

 

AZ Air Time Jump Ctr Signs Tucson Lease

AZ Air Time Jump Center has leased the entire 25,815 square feet of retail space at 3931 W. Costco Dr. in Tucson, AZ. The single-tenant building was constructed in 1989 on 4.1 acres in the Northwest Tucson Retail submarket of Pima County, part of the Costco Plaza. It was previously a PetSmart. — more at costar.com

 

Burlington to open 2nd store in Tucson, and other local business news

Burlington, a national off-price retailer, will open a 76,000-square-foot store this fall at Santa Cruz Plaza, 3640 S. 16th Ave. The new store, near Interstate 19 and West Ajo Way, will bring approximately 90 jobs to Tucson and will be one of eight Burlington stores in Arizona. There is one other Burlington store in Tucson, at 3595 E. Broadway in El Con Mall. — more at azstarnet.com

 

Building Cost Index Rises As Construction Pace Gradually Quickens

Non-residential construction costs rose in the second quarter as larger urban markets appear to be expanding more rapidly than other regions, according to Turner Construction Co.’s most recent Building Cost Index. — more at costar.com

 

Medical Office Space

availability status

For Lease - North Mountain Medical Plaza

9100 N 2nd Street, Phoenix, AZ 85020

North Mountain Medical Plaza

9100 N 2nd Street,
Phoenix, AZ 85020

  • 1,365 SF to 3,883 SF
  • Lease Rate: $18.50 per SF - Triple Net
  • Medical Office Space for Lease on John C Lincoln North Medical Campus
  • Building Fronts 2nd Street
  • Great Location Surrounded by Medical, Retail and Restaurant Amenities

Details ►

Bret Isbell - 480-423-7906   |
  Russell Fine - 480-423-7926   |   Julie A Johnson, CCIM - 480-423-7933   |

 

Recovery in REALTOR® Commercial Markets Continues in First Quarter

The recovery in commercial REALTOR® markets notched a noticeable gain during the first quarter 2013, as sales and leasing activity advanced. Based on the results of the May Commercial Real Estate Market Survey, commercial practitioners reported a solid start to the year. — more at blogs.realtor.org

 

REIS Economist Escapes Office, Calls Pace Of Recovery “Glacial”, Office Indicators Flat

With the last three years’ job growth numbers resembling a sideways line more than a incline, office real estate market indicators have been held to similarly less-than-spectacular showings. — more at blog.com

 

How To Leverage Your Existing Senior Living Marketing Budget With A Little Known Japanese Business Secret

In Japan, there is a manufacturing process called Kaizen. It is the simple idea of continuously improving functions within a particular area of business. Whether it’s a manufacturing process or operations within the business itself, applying this principle of continuous improvement can yield exponential results and eliminate waste. — more at nreionline.com

 

Why the Mall Will Never Die

By most accounts, the commercial Internet was born in 1995 -- the same year as today’s high school seniors. That makes this Taylor Swift and Snapchat-loving generation of teens the first wave of Americans who have literally never known life without the modern web. — more at theatlantic.com

 

Medical Office SpaceOffice Space

availability status

For Purchase - Apache Trail

10241 East Apache Trail, Apache Junction, AZ 85120

Apache Trail

10241 East Apache Trail,
Apache Junction, AZ 85120

  • 3,697 SF
  • Purchase Price: $95,000.00
  • Bank Owned
  • Medical / office building for sale in Apache Junction
  • Great location 2 miles north of Mountain Vista Medical Center
  • Former physical therapy space with indoor pool and monument signage in place

Details ►

Bret Isbell - 480-423-7906   |   Russell Fine - 480-423-7926   |

 

Turning Old Kmarts Into Data Centers And Disaster Recovery Spaces

What happens when big box stores close down, leaving so much empty space behind? Few other retail environments need so much room. There is at least one former Walmart that has been converted in a giant library, but Walmart wasn’t involved in the effort... — more at fastcoexist.com

 

Griffin Capital REIT Pays $32M for Net Investment

Griffin Capital Essential Asset REIT, Inc., a California-based private real estate investment trust, acquired the Avnet, Inc. flex building at 6700 W. Morelos Pl. in Chandler, AZ from FORT Properties for $32.5 million, or about $140 per square foot. — more at costar.com

 

With little movement from commercial construction companies, mall REITs seek retail diversity

For regional mall real estate investment trusts, a lack of available Class-A assets looms amid a competitive push for the next commercial property listing. As reported by the National Real Estate Investor, Sandeep Mathrani, CEO of General Growth Properties, recently announced intentions to purchase a number of high street retail assets in urban markets as the REIT faces little opportunity to acquire high-end regional mall properties. — more at zoliath.com

 

Health Care REIT Strives to Add Value

George Chapman, chairman and CEO of Health Care REIT (NYSE: HCN), joined REIT.com for a CEO Spotlight video interview in Chicago at REITWeek 2013: NAREIT’s Investor Forum. Chapman discussed the various property segments in which his company invests and their prospects for growth going forward. — more at reit.com

 

Medical Office SpaceCondo

For Purchase - Indian School Professional Plaza

9150 W Indian School Road - Building 8, Phoenix, AZ 85037

Indian School Professional Plaza

9150 W Indian School Road - Building 8,
Phoenix, AZ 85037

  • 1,938 SF to 7,751 SF
  • Lease Rate: $14.00 per SF - Triple Net
  • Purchase Price: $549,900.00
  • Medical Office Condo For Sale In Phoenix
  • Three Suite Medical Office
    Building for Sale

Details ►

Bret Isbell - 480-423-7906   |   Russell Fine - 480-423-7926   |

 

The Top 10 Issues Affecting Real Estate in 2013

Now that the recovery is under way and we can see the Great Recession receding—albeit slowly—in the rear view mirror, the commercial real estate industry can get back to normal, everyday business. So, what are we up against these days? — more at nreionline.com

 

Surprising Slowdown in Nonresidential Building: EcoPulse

Private nonresidential construction is losing steam in the U.S., a sign that commercial real estate may be a drag on the economy as business leaders are reluctant to make large property investments. — more at bloomberg.com

 

Reduce, Reuse, Rethink our Existing Buildings

Adaptive reuse is a growing trend in development, with new construction spending in the U.S. falling and many municipalities modifying their codes and zoning regulations to promote this strategy. — more at cassidyturley.com

 

 


 

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The information presented has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to confirm accuracy and completeness of all presentation materials including the building, suite or unit sizes, which are approximate. Any projections, opinions, assumptions, or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs. Information, views, and opinions expressed in the articles do not necessarily represent the views or opinions of GPE Companies (GPE Commercial Advisors and GPE Management Services), its agents, staff or other entities of, or affiliated with, GPE Companies.