Strict Standards: Declaration of JMail::addAttachment() should be compatible with PHPMailer::addAttachment($path, $name = '', $encoding = 'base64', $type = '', $disposition = 'attachment') in /home1/madbulld/public_html/sites/zemmez/plugins/system/mandrill/mailer/mail.php on line 43
CREReport | Phoenix for September 26, 2014
    

CREReport | Phoenix

Commercial Real Estate Report for September 26, 2014

Plans Submitted for 94K SF Self-Storage Facility in North Scottsdale

PH Architecture submitted plans for The ToyBarn, a 4-building, +/-94,000 square-foot self-storage property proposed at S/SEC Scottsdale Rd & Pinnacle Peak Rd in North Scottsdale.

Scottsdale AZ

Galahad Acquires 90 Acres of Land Near Chandler Municipal Airport for $13.7M

Galahad LLC purchased 90.16 acres of land at SEC Lindsay Rd & Loop 202 in Gilbert from The Lamoreaux Family LLC for $13.7M.

The buyer is considering developing a mixed-use business park at the location some time in the future.

brewaz.com

Sable Acquires 283K SF Deer Valley Office Park for $16M

Granite Deer Valley Holdings LLC (Sabal Financial Group LP) purchased Deer Valley Office Park, a 283,251 square-foot office property at NWC 19th Ave & Loop 101 (Pima Fwy) in North Phoenix, from CW Captial Asset Management LLC, special servicer assigned to dispose the property, for $16.35M.

brewaz.com

Sable Acquires 182K SF Black Canyon Office Park for $10M

Granite Black Canyon Holdings LLC (Sabal Financial Group LP) purchased Black Canyon Commerce Park, a 181,629 square-foot office property at SWC 21st Ave & Peoria Ave in North Phoenix, from CW Captial Asset Management LLC, special servicer assigned to dispose the property, for $10.125M.

brewaz.com

Sable Acquires 106K SF Office Building in Arizona Business Park for $15M

Granite Twenty-Eighth Avenue Holdings LLC (Sabal Financial Group LP) purchased a 106,397 square-foot office building in the Arizona Business Park at S/SWC I-17 (Black Canyon Fwy) & Bell Rd in Phoenix from CW Captial Asset Management LLC, special servicer assigned to dispose the property, for $15.1M.

brewaz.com

Sable Acquires Four Office Buildings Totaling 119K SF in Arizona Business Park for $9.5M

Granite Phoenix Complex Holdings LLC (Sabal Financial Group LP) purchased a four buildings totaling 119,131 square feet of office space in the Arizona Business Park at S/SWC I-17 & Bell Rd in Phoenix from CW Captial Asset Management LLC, special servicer assigned to dispose the property, for $9.5M.

brewaz.com

West Mesa Bargain Storage Buys Allstate U-Lok Self-Storage in AZ

West Mesa Bargain Storage LLC purchased a 51,360 square-foot self-storage property at W/NWC Alma School Rd & Broadway Rd (Mesa) from FRI Allstate U-Lock LLC for $2.1M.

Inside Self-Storage

City of Scottsdale Proposes Re-Zoning 4K Acres to Accommodate Future Commercial Use

The City of Scottsdale is seeking to re-zone a 4,000-acre area surrounded by Scottsdale Rd to the west, 104th St to the east, Stagecoach Pass Rd to the north and Happy Valley Rd to the south to allow for commercial use.

Included in the review is an effort by the city to purchase 400 acres of trust land from the Land Department.

azcentral.com

Northwest Valley Park-And-Ride Designs

The City of Glendale’s Transportation Department revealed the design plans for a Park-And-Ride project planned at N/NWC Loop 101 (Agua Fria Fwy) & Union Hills Dr in Glendale.

Your West Valley

E-Commerce Driving U.S. Industrial Development in 2014

Based on the latest report by CBRE Group, Inc., e-commerce is fueling the development activity of industrial properties in the South and West regions.

Of the 125M square feet of projected deliveries in the next 12 months, Dallas/Ft. Worth region is expected to contribute 14.8% of the market share. The Metro Phoenix area makes the list but at a much lower value of 3.4%.

World Property Channel

Summary of Multifamily Activity in Scottsdale

Terrance Thornton with Independent Newsmedia Inc provides a summary of multifamily activity happening both in Paradise Valley and Scottsdale.

Excerpt: “Councilman Phillips says he worries too many apartments in Scottsdale could over-saturate the market, eventually driving real estate values down.”

Newszap

Humana Inc. and Iora Health Opening Two Medical Offices in Metro Phoenix

Humana Inc. and Iora Health are partnering to open two new medical offices. One at 3137 W Indian School Rd (Phoenix). The other at 6611 W Peoria Ave (Glendale).

bizjournals.com

Microsoft Opening Store in Chandler Fashion Center

Microsoft is set to open a store in Chandler Fashion Center, NWC Loop 101 (Pima Fwy) & Frye Rd, on November 14.

winbeta.org