Archive for the ‘Scottsdale CRE’ Category

PHOENIX, Ariz.–(BUSINESS WIRE)–More than 400 relocation industry specialists from around the world gathered today at the JW Marriott Desert Ridge in Phoenix, Ariz., for The Prudential Forum, a three-day networking event hosted by Prudential Relocation, Inc., a Prudential Financial, Inc. [NYSE: PRU] business. This year’s program, themed We’re Invested in You, brings together relocation and real estate professionals, relocation clients and service providers to enhance communications between the different, interdependent groups and explore ideas for improving the service delivery process. Read the rest of this entry »

ASU President Michael Crow and Scottsdale Mayor Mary Manross, along with the project’s development partners and contractors, officially celebrated the completion of a construction milestone Feb. 1: the structural framing of Building I, a 157,000-square-foot, four-story office/research/retail building at SkySong, the ASU Scottsdale Innovation Center, located at the intersection of Scottsdale and McDowell Roads. Read the rest of this entry »

New Name to Reflect Trend Into Larger and Mixed-Use Developments
SCOTTSDALE, AZ — (MARKET WIRE) — Scottsdale, Ariz.-based Shea Commercial announced today that its development operation will now be known as SAXA to reflect its expanded focus on diversified development offerings, including mixed use, industrial/flex, commercial subdivisions, investment properties, and mid-rise residential projects. SAXA will continue developing office condos throughout the country and currently is developing over 3 million feet in seven states. SAXA will operate under the continued leadership of Founder and CEO Jim Riggs. Read the rest of this entry »

SCOTTSDALE, AZ — (MARKET WIRE) — Prudential CRES Commercial Real Estate, one of the nation’s fastest growing commercial real estate networks, welcomes William C. Saul as president of its Arizona operations. Saul will set a clear vision for the firm, oversee commercial real estate opportunities, create an environment conducive to fulfilling goals, and recruit the key talent necessary to meet business objectives. Read the rest of this entry »

John McLean
Arizona Business Gazette

Flocchini Associates LLC/Van Wagner Family Partnership of Reno sold the Grove at Black Canyon office building at 11001 N. Black Canyon Freeway to NSD Holdings of La Jolla, Calif., for $18.9 million.

Brian Ackerman, Chris Toci, Ted Harrison and James Greaves of Cushman & Wakefield of Arizona Inc. negotiated the sale transaction for the four-story 95,653-square-foot building. The buildingis 96 percent leased by Cigna Healthcare of Arizona. Read the rest of this entry »

Litree, Fscreen are high-tech environmental companies

Jane Larson
The Arizona Republic

SCOTTSDALE – SkySong, the ASU Scottsdale Innovation Center, has signed two high-tech, environmental companies from China as its latest tenants. Read the rest of this entry »

Sean Holstege
The Arizona Republic

Two years before the light-rail system opens, private investors are starting to pump more than $1 billion into new developments near the rail stations.

The investments promise to reshape key corners and neighborhoods along the 20-mile route, an infusion that is typical of light-rail systems but is occurring earlier in the Valley than in other cities. Read the rest of this entry »

Forecast for the Valley’s commercial properties is mixed but mostly sunny

Yvette Armendariz
The Arizona Republic

Most people whose livelihoods depend on knowing such things, expect commercial real estate in the Valley to have a very merry 2007.

The consensus is that rents in all sectors will grow, vacancies will remain low – even as many more buildings go up – and institutional investors will continue pouring money into the area. Read the rest of this entry »

City Council also OKs additional height for “Skysong” structure

The Scottsdale City Council on Tuesday, Dec. 13, unanimously approved design plans for the initial phases of the ASU Scottsdale Innovation Center planned at McDowell and Scottsdale roads.

The council also approved a height exemption for the “Skysong” shade structure proposed for the site, allowing the structure to reach as Read the rest of this entry »

The Republic

PARADISE VALLEY – Eurohypo AG, a European specialist bank for real estate and public finance, has supplied a $180 million loan to complete capitalization of the $250 million InterContinental Montelucia Resort & Spa project.

The agreement was one of the final pieces in the development puzzle to fall into place. Read the rest of this entry »