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CREReport | Phoenix for November 5, 2014

CREReport | Phoenix

Commercial Real Estate Report for November 5, 2014

Mesa’s New Developments

•Riverview Point - Planned 255,000 SF (total) office project at SWC Bass Pro Dr & Alma School Rd. Construction scheduled to begin Fall 2014. Delivery: Late 2015.

• Metso Corporation - 44,000 SF service/repair center near Pecos & Sossaman. Delivery: Early 2015.

• Broadway 101 Commerce Park - 212,000 SF industrial project at NWC Dobson & Broadway. Construction scheduled to begin late 2014. Delivery: Fall 2015.

• Mulberry - 550-home residential project north of Guadalupe Rd between Crismon and Signal Butte.

• Chevy’s Restaurant - Existing restaurant building to be demolished and replaced with retail building. Pending city approval.

EPI Acquires 160-Unit Multifamily Property in Mesa for $16M

EPI LP purchased The Traditions, a 160-unit multifamily property at at NEC Greenfield Rd & Southern Ave in Mesa, from Fairfield Residential for $16.05M.

Desert Dentistry Repurposes Former Applebee’s Location

Desert Dentistry is preparing to open in a new location at W/SWC 48th St & Chandler Blvd in Ahwatukee Foothills in a repurposed Applebee’s building.

Editor’s Note: The location isn’t identified in the story. Given the details, it appears the subject property is at 4609 E Chandler Blvd, Phoenix. But I could be wrong.

RevSolve Relocating Headquarters to South Scottsdale

RevSolve, formerly Collection Service Bureau, is relocating the company’s headquarters to a 37,000 square-foot office building at 1395 N Hayden Rd (SE/SEC Hayden Rd & McDowell Rd) in south Scottsdale.

RevSolve purchased the location from General Dynamics. Previously included on Sept. 12: General Dynamics Sells South Scottsdale Property for $2.45M.

Paul Borgesen III Joins the Office Sales and Leasing Team at Sperry Van Ness

Excerpt: Paul Borgesen III joins the quickly growing office team at Sperry Van Ness, LLC in Phoenix. Paul will focus exclusively on building the office investment sales portfolio and will be working directly with Landlords in the Phoenix market.

Sperry Van Ness

Craig Esslinger Joins De Rito Partners as Company President

Excerpt: De Rito Partners announced that Craig Esslinger has joined the company as President of De Rito Partners, Inc. on Monday. Esslinger replaces Stan Sanchez who will remain with De Rito Partners, Inc. as senior broker.

Zion & Zion Building Wins Best Architectural Project in Southwest

Excerpt: The new Zion & Zion Building, located in Tempe, Ariz., has won Best Project in the Southwest for its architecture, in the $10 million and under category. The award comes from renowned industry publication ENR. The 14,000 square foot Zion & Zion Building was completed by the Arizona based ad agency earlier this year.

ABI Multifamily Introduces Snap Stats

Screenshot of ABI Multifamily‚Äôs Snap Stats Screenshot of ABI Multifamily’s Snap Stats (

Excerpt: As a precursor to the highly anticipated launch of the ABI Multifamily Quarterly Report, we are releasing ABI Snap Stats. This insightful infographic will provide an overview of important multifamily activity in the Phoenix-MSA. Snap Stats is an executive summary of our quarterly report, the first of which is set to be published in the coming weeks.

Editor’s Note: Excellent info-graphic.

ABI Multifamily