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CREReport | Phoenix for November 14, 2014

CREReport | Phoenix

Commercial Real Estate Report for November 14, 2014

Fowler Property Acquires Two Multifamily Properties in West Valley for $66.5M

Fowler Property Acquisitions LLC purchased Mirabella I and Mirabella II located at SW/SWC El Mirage Rd & Indian School Rd in Avondale from Mirabella Avondale Apartments LLC for $66.5M.

• Mirabella I: $34M for 369 units

• Mirabella II: $32.5M for 346 units

City of Glendale Receives Top Honors from WESTMARC for Northern Parkway Project

Map of planned Northern Parkway improvements Northern Parkway Program (

The City of Glendale received WESTMARC’s Economic Engine Award for the Northern Parkway project at Northern Pkwy between Sarival Ave & Dysart Rd.

Excerpt: Phase one of the Northern Parkway provides access and economic development opportunities along its corridor while linking Loop 303 to Loop 101. It was designed to connect vacant, developable land to high-volume freeways.

Keyser, Chermack Consulting Group Announce Merger

Keyser and Chermack Consulting Group are merging.

Excerpt: “I need proven leaders who know how to build something,” said Keyser of his latest merger partner and hopes of building his Arizona company into a Fortune 500 operation.

John Trusiak, Ladonna White, Lisa Lutterman and Michelle Hanni Join Plaza Companies

The Plaza Companies announced that the company has added four new members to its team:

• John Trusiak, Plaza leasing team

• Ladonna White, project coordinator and contract administrator

• Lisa Lutterman, assistant property manager

• Michelle Hanni, lease contract administrator