| Team News and Notes |
Best of luck to our summer intern, Billy Cundiff! 11 year NFL veteran and current kicker for the Cleveland Browns. |
Top Sales Transactions
| Goodyear Centerpoint :: Goodyear, AZ | |
| Price: $44,500,000 ($137 PSF) | ±324,068 SF; 98% Occupied |
| Type: Retail Power Center | Notes: Built 2008; ±31.54 acres; C-2 zoning; improvements are on a 99-year ground lease; sale includes anchor, inline and freestanding pad buildings; anchored by Toys "R" Us, Baby's "R" Us, Conns, and Sports Chalet; reported 8.3% cap rate |
| Buyer: Haagen & Co. | Seller: Evergreen Devco |
| Lincoln Plaza :: Paradise Valley, AZ | |
| Price: $25,000,000 ($335 PSF) | ±74,744 SF; 61% Occupied |
| Type: Grocery Anchored Retail Shopping Center | Notes: Built 1972; Renovated 2003; ±7.25 acres; C-2 zoning; AJ's Fine Foods anchored; comprised of five buildings; potential redevelopment |
| Buyer: James Shough & Arte Moreno | Seller: Arthur Mehagian, Tom McCarthy and Daniel Roar |
| Hayden Crossing Shopping Center :: Scottsdale, AZ | |
| Price: $14,046,000 ($221 PSF) | ±63,396 SF; 100% Occupied |
| Type: Grocery-Anchored Retail Shopping Center | Notes: Built 2004; ±6.02 acres; 215 parking spaces; C-1 zoning; two buildings; Bashas' Grocery anchored; reported 6.65% cap rate |
| Buyer: Transpacific Development | Seller: The Pederson Group |
Featured Article
Tempe Embracing Urban Transformation
The Arizona Republic – July 31, 2014
CLICK HERE to access full article
Tempe Embracing Urban Transformation
The Arizona Republic – July 31, 2014
CLICK HERE to access full article
Top Stories
- Silicon Valley Bank Hiring 250 in Tempe, Plans to Lend $100 Million to Local Tech and Life Science Companies
Phoenix Business Journal – July 31, 2014
CLICK HERE to access full article - Insight Enterprises Hiring 120, Posts Increases in Revenue and Income
Phoenix Business Journal – July 31, 2014
CLICK HERE to access full article - Kitchell Looks to Develop Massive Industrial Complex South of Sky Harbor
Phoenix Business Journal – July 30, 2014
CLICK HERE to access full article - Isagenix Coming to Rivulon Development
GlobeSt.com – July 31, 2014
CLICK HERE to access full article - NXP Semiconductors Takes Chandler Location
GlobeSt.com – August 1, 2014
CLICK HERE to access full article - Dollar Tree And Family Dollar: What Does This Mega Deal Mean For Retail?
National Real Estate Investor – July 31, 2014
CLICK HERE to access full article - Designing a Better Office Space
Entrepreneur Magazine – July 26, 2014
CLICK HERE to access full article - Will This Billionaire Bring $3-a-Month Phone Plans to U.S.?
The Wall Street Journal – August 2, 2014
CLICK HERE to access full article - Book Review: 'Whatever Happened to the Metric System?' by John Bemelmans Marciano
The Wall Street Journal – August 1, 2014
CLICK HERE to access full article
Research combines data collected from its own proprietary research as well as what is purchased from vendors into market information and knowledge. CBRE Research creates value by validating and organizing market data to make it easily accessible to CBRE professionals who advise clients and performs in-depth analyses for CBRE professionals on behalf of client.
