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Office space for lease near downtown Phoenix. Minutes from Sky Harbor International Airport, Banner Good Samaritan Medical Center, St. Joseph's Hospital, and Phoenix Childrens Hospital. Flexible lease terms. Existing build-out perfect for many small businesses with expansion suite available on 2nd floor. Surrounded by amenities. Easy access to I-10, close to SR-51, I-17, and Loop 202.
Office space available for lease across the street from Arrowhead Towne Center and Peoria Sports Complex. Beautiful build-out featuring hardwood and tile floors, custom painted walls, and upgraded window treatment. Great location in Arrowhead market. Easy freeway access, excellent demographics, and surrounded by amenities.
Our real-estate brokerage firm has been struggling for several years. We have, however, been able to make our monthly lease payments, and we want to stay in our present location on Hayden Road in Scottsdale. Last month we received a bill from our landlord for not only the rent but for an additional $18,000 for the increase in common-area maintenance charges for our share of the operation and maintenance of the building. — azcentral.com
Fun Facts from the CoStar Consent Order
Here are some interesting things from the appendices to the CoStar consent order. Remember – this is our government at work protecting our interests. Call me crazy, but these look more like protections for CoStar. — creoutsider.com
Xceligent – New Competitor on the Block
With the ePropertyData purchase, Xceligent will pick up quite a few local CIEs to add to their market base. — creoutsider.com
Experts gather Thursday to discuss Scottsdale economy
Panel Discussion: Thu, May 24, at 4:00 PM Three of Arizona’s most distinguished economic experts will discuss Scottsdale’s economy and its future at the next meeting of the City Council’s Economic Development Subcommittee. (Elliott D. Pollack, RL Brown, and Professor Dennis L. Hoffman) — scottsdaleaz.gov
Superstition Springs Center donates more than $11K to area schools
As part tof its 2011-12 School Cents program, Superstition Springs Center in Mesa donated $11,250 to 14 local schools. — eastvalleytribune.com
Healthcare Trust of America, Inc. Announces Intention to List on the NYSE
Healthcare Trust of America, Inc. announced today its intention to list its Class A common stock on the New York Stock Exchange under the symbol “HTA". — sacbee.com
For Lease
Cave Creek 101
Phoenix, AZ 85024
Office space for lease in ideal north Phoenix location. New building constructed in 2008 - visible from Loop 101. On-site retail with abundant restaurant and retail amenities nearby. Immediate access to full diamond interchange at Cave Creek Road and Loop 101. Minutes from I-17 and SR-51. Shell and built-out space available.
Investors buy $180M 1 day in area commercial real estate
Metro Phoenix’s commercial real-estate market had a banner day on May 11. Investors closed on deals worth more than $180 million for warehouses, apartments and vacant land. • The Black Creek Group purchased two warehouses in Phoenix’s Riverside Industrial Complex for $132M. • Scottsdale Gateway apartments sold for $41M. • 2,400 acres of land in Buckeye sold for $7.4M. — more at azcentral.com
Gilbert’s M.D. Anderson Cancer Center Sees Three Phase Expansion Ahead
Planning for growth is important, says a hospital spokesperson, because of the increasing patient volume since opening its doors in September 2011. Although no date is on the calendar and the Banner board has yet to formally approve the expansion, the hospital has obtained preliminary design approvals for the concept from Gilbert. — more at azbex.com
Office Space
4425 North 24th Street
Phoenix, AZ 85016
1,750 RSF to 6,157 RSF
Lease Rate: $18.00 per RSF - Full Service
Office Space for Lease in Camelback Corridor - Ground-Level Suite
Broadstone on Lincoln applied to combine two lots with multiple office buildings and surface parking into one single lot with multifamily development along the west portion of the site and retail adjacent to Scottsdale Road. — more at scottsdaleaz.gov
Signs of revitalization at Desert Ridge
Two projects at Desert Ridge may signal that the troubled northeast Phoenix community is on the rebound after it was hit hard by the economic downturn. The last phase of Fireside at Desert Ridge is under way, and a site plan has been approved for the first phase of an apartment project, Valley Desert Ridge Apartments. — more at azcentral.com
Dunkin’ Donuts Distributor Inks Deal for 34,000 SF
The National DCP LLC (NDCP), the Dunkin Donuts franchisee-owned distribution and purchasing cooperative, leased 34,448 square feet of warehouse and cold storage space at 4239 S. 43rd Pl. in Phoenix, AZ. The tenant signed a 38-month deal and plans to occupy the entire property in October. — more at costar.com
Excel Trust Acquires Additional Phoenix Area Property
Excel Trust, Inc. has acquired Lake Pleasant Pavilion in Peoria, AZ on May 16, 2012. Excel Trust purchased this 373,000 square foot retail shopping center (of which 178,000 is owned) for approximately $41.8 million, excluding closing costs. — more at reuters.com
Appliance Depot Leases 38,400 SF Of Industrial Space In Tempe
Appliance Depot has signed a five-year lease for 38,400 square feet of industrial space in Tempe. The facility is located at 2424 W. University Drive. — more at rebusinessonline.com
GlobeSt Deal Wrap
Acquisitions / Dispositions: • TUCSON- E& R Cotton Center LLC (dba La-Z-Boy Furniture Galleries) sold a 21,878-square-foot facility to STORE Capital Acquisitions LLC at 7671 E. Broadway Blvd. for $5.5 million through a sale-leaseback transaction. Leases: • PEORIA, AZ-Wells Fargo Advisors LLC leased 5,984 square feet at Peoria Center at Arrowhead, 16165 N. 83rd Ave. • PHOENIX-District Medical Group signed an 11-year, $13.5-million office lease for 56,530 square feet at Park Central, 3141 N. 3rd Ave. • TUCSON-Benenson Capital Partners LLC signed a string of major tenants totaling 90,450 square feet at its retail property located at the northeast corner of Broadway Boulevard and Craycroft Road. — more at globest.com
Office Space
Cave Creek 101
2340 E Beardsley Rd, Phoenix, AZ 85024
1,935 SF to 9,894 SF
Lease Rate: $20.00 per SF - Gross
Office Space for Lease - Ideal North Phoenix Location - Visible from Loop 101
Immediate Access to Loop 101 - Minutes I-17 and SR-51 Freeways
W.P. School of Business at ASU published the First Quarter 2012 data for Greater Phoenix. — more at asu.edu
AZ Wilderness now eyeing Gilbert
Those plans (to open at Power & Pecos) were scuttled when the strip mall’s biggest client, L.A. Fitness, complained about potential parking problems, forcing AZ Wilderness to look at other sites in Queen Creek. — more at mouthbysouthwest.com
UA begins classes in downtown Chandler
UA classrooms and offices will occupy about 9,000 square feet at the Chandler Community Center, 125 E. Commonwealth Ave. — more at azcentral.com
Italian Restaurant to Open at CityCenter of CityNorth
The Skinny Italian Kitchen, a Mancuso Restaurant, will join the likes of Ocean Prime and Blue Martini at Phoenix’s CityCenter of CityNorth when it opens this summer. — more at arizonafoothillsmagazine.com
Joe’s Real BBQ, Four Peaks headed to Sky Harbor
The Phoenix City Council has approved a second set of Valley restaurants to open locations in Terminal 4 at Sky Harbor International Airport, including Joe’s Real BBQ (pictured) from Gilbert and Four Peaks Brewing Company from Tempe. The full list of restaurants approved Wednesday night in SSP America’s winning bid... — more at mouthbysouthwest.com
Office Space
1817 North 3rd Street
Phoenix, AZ 85004
8,340
Purchase Price: $540,000.00
Office space for lease in Central Phoenix near Phoenix Art Museum
Existing build-out perfect for many small businesses
Flexible lease terms; expansion suite available on 2nd floor
Fast-casual burrito chain Chipotle has opened a restaurant at Gilbert’s bustling SanTan Village outdoor mall. (2224 E William Field Rd, Gilbert) — more at azcentral.com
Cousins Subs opens Glendale store Monday
Cousins Subs is celebrating the opening of a new store in Glendale. (5350 W Bell Rd) — more at yourwestvalley.com
Hostess Brands bankruptcy could mean 130 Arizona job cuts
If Hostess Brands Inc . — the maker of Twinkies, Wonder bread and Ding Dongs — can’t solve its financial trouble via Chapter 11 bankruptcy, the company could liquidate. That would result in 130 job cuts in Arizona and Hostess closing 16 locations statewide. — more at bizjournals.com
Glendale looks to avoid Cardinals parking lawsuit
The plan would call for Glendale to lease just under 10 acres of land from the Arizona Department of Transportation at the Loop 101 and Glendale Avenue. The city would lease the land for $9,000 a year. The land will yield 1,000 parking spots. — more at bizjournals.com
Low-income apartments on Metro line face opposition
Kevin Helseth was critical of the management company that would run Gracie’s Village, citing another Tempe apartment complex it runs. An artistic face on the side of the two-story Cabana on McClintock looks like a sex offender, he said. “It is the most awful, ugly building in the history of ugly buildings,” Helseth said. — more at yourwestvalley.com
Office Space
Arrowhead Office
17431 N 71st Dr, Glendale, AZ 85308
1,554 SF
Lease Rate: $19.50 per SF - Modified Gross
Short Sale
Office space for lease near Arrowhead Towne Center
Beautiful suite with hardwood and tile floors
Great location, great demographics, surrounded by amenities
Landlord wins $5.8 million against company in default judgment
A Scottsdale landlord has won a $5.8 million default judgment against a security company that had a 10-year lease in a Perimeter Center office building but moved out after paying just one month of rent. DTR9 LLC won the judgment earlier this month in Maricopa County Superior Court against AT Security Service Inc., which moved into a 58,090-square-foot office at 8665 E. Hartford Drive in October and relocated to a Phoenix office at the end of January. — more at azcentral.com
Renovations for new colleges considered in Mesa
Mesa City Council will consider items related to the 15-year lease negotiations with Benedictine University. • At 2225 E Main St: Interior demolition and asbetos abatement. • At 51 E Main St: Remodeling and reuse of city building and authorizing a 2-year lease agreement for the space. — more at azcentral.com
Competition for Fountain Hills lone medical-marijuana facility heats up
The competition is expanding among applicants vying to open the only medical-marijuana dispensary that will be allowed in Fountain Hills... So far, the town has approved five zoning-verification applications. The applicants are: • Restaurateur Josh Levine, for a dispensary on a vacant lot at 16935 E. Colony Drive. • Yvonne Wolf, co-owner of Wolf Brothers Construction Co., for a dispensary on a lot at 12008 N. Colony Drive. The list goes on... — more at azcentral.com
Across Tucson, the service-station industry is going through a shake-out. About two dozen gas stations have closed since the beginning of 2010, many of them independent shops with local owners. — more at azstarnet.com
Tucson aims to annex project on Craycroft and River
To the dismay of many neighbors, the city is moving rapidly on a proposal to annex and rezone land at River and Craycroft roads for a seven-story hotel and other commercial development. — more at azstarnet.com
Craycroft/River intersection changing
Tucson, AZ - Two construction projects at the long-vacant southeast corner of Craycroft and River roads will be complete in August... • A new QuikTrip gas station and convenience store is to open in mid- to late August at the site. • Basis Tucson North, a public charter school for grades five through 12, is to be ready in time for students to start school on Aug. 9. Both properties are part of a 40-acre master planned Rio Verde Village. — more at azstarnet.com
Medical Office SpaceOffice Space
Surprise Pavilions
14069 W Grand Ave, Surprise, AZ 85374
1,800 SF to 13,220 SF
Lease Rate: $16.50 per SF - Triple Net
New Medical / Office / Retail Space next to Trader Joes
Available for Lease in Growing City of Surprise
Ideal for Medical Use with Del E Webb Hospital Nearby
Tucson, AZ - • Liv Cafe & Bistro is expanding into the space next to it that is occupied by W Boutique. • W Boutique is expanding to a larger, vacant space in the same plaza. — more at azstarnet.com
New location fits Tri-state Ace Home Center
Bullhead City, AZ - Tri-State Ace Home Center moved to Riverview Mall at 2350 Miracle Mile. (20,000 SF) — more at
Lack of Capital Hinders Commercial Market While Modest Improvement Persists
“The commercial market has displayed modest growth lately,” said Lawrence Yun, National Association of Realtors Chief Economist. “Commercial real estate is the basis for much of the growth in the American economy, however challenges continue to exist. Despite this there are hopeful signs that the market might be slowly recovering due to recent job creation and an increase in consumer spending, among other indicators.” — more at realtor.org
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