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CREReport | Phoenix for December 15, 2014
    

CREReport | Phoenix

Commercial Real Estate Report for December 15, 2014

Top Stories from Fri, Dec. 12

• TriGate Capital Acquires Gateway Village in Glendale in $53M Portfolio Sale

• Thomas Gardner Proposes Development of DC Heights - a 250-Unit Apartment Complex in Chandler

• Chamberlain Development Acquires 10.5 Acres of Land in Chandler for $3.2M

• Farnham Realty Acquires 314-Unit Apartment Complex in Gilbert for $47.1M

crereport.co

Plans Submitted for Mark-Taylor Multifamily Development in North Scottsdale

Artist representation of Scottsdale & Silverstone Apartment Community by Architectural Design Group Proposed Development (rendering by Architectural Design Group)

Plans for a multifamily project were filed on behalf of Mark-Taylor Inc. with the City of Scottsdale.

The proposed project calls for 262-unit apartment complex to be built on +/-16.44 acres at the SEC Scottsdale Rd & Silverstone Dr in North Scottsdale.

Scottsdale AZ

KBP Realty Advisors Acquires 6K SF Office Property in Phoenix for $695K

KBP Realty Advisors LLC purchased a 6,000 square-foot office property located at S/SWC 32nd St & Indian School Rd in Central Phoenix from Alamo Holdings LLC for $695,000.

Rein & Grossoehme’s Jared Lively represented the buyer, KBP Realty Advisors LLC.

rgcre.com

Guardian Mortgage Leases Office Space in North Scottsdale

Guardian Mortgage leased office space at 6929 E Greenway Rd in North Scottsdale (W/SWC Scottsdale Rd & Greenway Pkwy) from Furst Properties.

Lee & Associates’ Coppola-Cheney’s team represented the landlord, Furst Properties, in the transaction.

c2brokerage.com

Solugenix Leases Office Space at SkySong in Scottsdale

Lee & Associates’ Coppola-Cheney team announced that Solugenix is relocating to SkySong 3, SEC Scottsdale Rd & McDowell Rd in Scottsdale.

Solugenix’s website currently identifies their office address as 14605 N Airport Dr in the Scottsdale Airpark region.

c2brokerage.com

Skin Care by Laura Leases 1K SF of Retail Space in Phoenix

Skin Care by Laura leased 1,070 square feet of retail space at S/SWC 7th St & Indian School Rd in Central Phoenix.

Rein & Grossoehme’s Richard Mackay represented both the tenant, Skin Care by Laura, and landlord in the transaction.

rgcre.com

UA College of Medicine’s Economic Impact in Downtown: $961M in 2013... Projected to be $3.1B by 2024.

A report prepared by Tripp Umbach attributes a $961M economic impact that can be credited to the University of Arizona College of Medicine - Phoenix in 2013. That number is projected to climb to $3.1B by fiscal year 2024-25.

Located in Phoenix’s downtown biomedical campus at NWC 7th St & Van Buren St, UA College of Medicine opened their Health Sciences Education Building in 2012 and is scheduled to open The UA Cancer Center at Dignity Health St. Joseph’s in 2015.

uanews.org

JLL: Phoenix Employment Update - December 2014

Jones Lang LaSalle published their latest report on Phoenix’s employment.

Excerpt: Phoenix’s unemployment rate fell to 5.7 percent, well below the Arizona rate (6.8 percent) and just below the national rate (5.8 percent).

jllblog.com

Wikimapia: Online Editable Map

Screen capture from Wikimapia of Bell Canyon Pavilions Screen Capture from Wikimapia

Wikimapia is an online editable map - you can describe any place on Earth. The map details everything from regions to business parks, shopping centers, industrial parks... basically, if you can pin it on a map, Wikimapia gives you the ability to add something about it.

It looks like there are two ways to add info to the map.

• Add a wiki-style description.

• Add comments.

The mapping tool looks useful for both researching properties AND adding your own information. So if you represent a building, consider adding a comment saying so.

wikimapia.org