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CREReport | Phoenix for November 13, 2014

CREReport | Phoenix

Commercial Real Estate Report for November 13, 2014

Nationwide Realty Investors Begins Construction on $750M Rivulon Project in Gilbert

Nationwide Realty Investors broke ground on Rivulon, a 250-acre mixed-use development at NEC Gilbert Rd & Loop 202 in Gilbert on Nov. 12, 2014.

The $750M project will include 3,000,000 square feet of office space and 500,000 square feet of retail. Currently, Nationwide Realty is developing 150,000 square foot headquarters for Isagenix International, 125,000 square foot speculative office building, two 60,000 square foot office buildings, and a 45,000 square foot LA Fitness building scheduled to open March 2015.

Wood Partners Begins Construction of 278-Unit Multifamily Project in North Phoenix

Wood Partners announced that the company has begun construction of Alta Paradise Ridge, a 278-unit multifamily project on 5.85 acres of land at S/SWC 68th St & Mayo Blvd in Northeast Phoenix.*

* Wood Partners classifies the area as North Scottsdale.

Reef Scottsdale Acquires 79 Condos / Townhouses in South Scottsdale for $9.25M

ABI Multifamily announced that Reef Scottsdale LLLP purchased 79 condo / townhouse units at SE/SEC Hayden Rd & McDowell Rd in South Scottsdale from Granite Reef Properties LLC for $9.25M.

Salt Creek Office Furniture Acquires 38K SF Retail Building in Tempe for $2.6M

Salt Creek Office Furniture purchased a 38,225 square-foot retail building at NW/NWC Priest Dr & Warner Rd in Tempe from Greenwood & McKenzie for $2.6M.

AZRE November / December 2014

Featured content:

• New to Market

• Project News

• Big Deals

• Healthcare

• Western States Land Commissioners Association

• Urban Land Institute

• Arizona Association for Economic Development

• Valley Partnership

Urban Land Institute: Arizona 2014

Featured content:

• Phoenix community, organizers band together for more walkable city, urbanization

• An Agent of Change: Interview with Deb Sydenham

• Live and Learn: Jim Belfiore on UrbanPlan program taught in high schools

• The Extra Mile: Mentoring young professionals

Valley Partnership 2014

Featured content:

• The Four Pillars of Valley Partnership

• Metropolis: Arizona economy demands a new sense of place in Phoenix Metro

• The Flex Space: Public, private sectors bend challenges with communication

Relocation Strategies Opens Office in North Scottsdale

Relocation Strategies Inc., “Changing the way Corporate America Moves,” opened a new office at SWC Pima Rd & E Via de Ventura in North Scottsdale.

Keith Earnest Joins VanTrust Real Estate

VanTrust Real Estate added Keith Earnest to their team as executive vice president.

Prior to joining VanTrust, Mr. Earnest worked at RED Development and Opus West Corporation.