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ABI Multifamily: Third Quarter 2014 MSF Multifamily Report

Screen capture of a small part of ABI Multifamily‚Äôs Third Quarter Report ( Screen capture of a small part of ABI Multifamily’s Third Quarter Report (

ABI Multifamily published their Phoenix MSA Multifamily 3Q 2014 report.

EverWest and CenterSquare Acquire Madison Square in Phoenix for $21.95M

A joint venture of EverWest Real Estate Partners and CenterSquare Investment Management purchased Madison Square, a 177,312 square-foot office property located at SWC 16th St & Missouri Ave in Central Phoenix, from Orsett Madison LLC for $21.95M.

Alliance Residential Acquiring 4 Acres of Land in Phoenix for $9M

Alliance Residential Co. will be purchasing 4 acres of land located at NEC Alvarado Rd & McDowell Rd in Phoenix from Los Olivos Office Partners LLC for $9M. The deal is expected to close April 2015.

Alliance Residential plans to build a 280-unit apartment complex at the location, Broadstone Arts District. A Quality Inn & Suites and a 30,000 SF office building currently occupy the site.

BH Properties Acquires Plaza at Squaw Peak in Phoenix for $25M

BH Properties purchased The Plaza at Squaw Peak, a property totaling 428,000 square feet of office space located NE/NEC 16th St & Glendale Ave in Central Phoenix, from IX CW Squaw Peak LP for $25M.

Capital Asset Management’s Rachelle Strole, Jason Hersker, Stephen Herman, Rachael Cisco and Scott Smith represented both the buyer, BH Properties, and the seller, IX CW Squaw Peak LP.

CBRE Brokers Sale of 15.5K SF Weinick Bros. Marketplace in Phoenix for $930K

A joint venture formed by James Kuykendall and Pat Cantelme purchased Welnick Bros. Marketplace, a 15,521 square-foot retail property located at SEC 4th Ave & Van Buren St in Phoenix Central Business District, from Joyce Reiff for $930,000.

CBRE’s Christoper Ackel and Pat Horan represented both the buyers, James Kuykendall and Pat Cantelme, and selleer, Joyce Reiff, in the transaction.

Editor’s Note: Some of the data presented was collected from Loopnet - which also indicated the asking price for the property was $1.3M.

Propak Logistics Leases 48.7K SF of Industrial Space in Phoenix

Propak Logistics, Inc. leased 48,735 square feet of industrial space at Estrella Business Park located at E/NEC 67th Ave & Buckeye Rd in Phoenix from EJM Development. The property is now 100% occupied.

CBRE’s Pat Feeney, Dan Calihan, Rusty Kennedy and Bob Pielsticker represented the tenant, Propak Logistics, Inc.

Also noted: EJM Development currently owns 5.5M square feet of industrial buildings in Metro Phoenix.

DAUM Represents Both Parties In The Sale Of $1.275 Million Industrial Building Located In Phoenix, Az

Excerpt: DAUM Commercial Real Estate Services has negotiated the $1.275 million sale of a 16,000-square-foot industrial building located at 5640 S. 32nd Street in Phoenix.

DAUM’s Carl Johnson represented both the buyer, AMW Packaging of Phoenix, and the seller, Voytech Five LLC, in the transaction.

Previously reported on Nov. 24: AMW Packaging Acquires 16K SF Industrial Building in Phoenix for $1.28M

Young’s Market Leases 248.9K SF of Industrial Space in Phoenix

Young’s Market Company leased 248,900 square feet of industrial space at E/SEC Loop 202 (Red Mountain Fwy) & Washington St in South Phoenix from Barley Equities V, LLC.

Cassidy Turley’s Andy Markham, Mike Haenel and Will Strong represented the tenant, Young’s Market Company.

Jones Lang LaSalle’s Anthony Lyndon and Marc Hertzberg represented the landlord, Barley Equities V, LLC.

Marco Display Specialists Leases 67.7K SF of Industrial Space in Phoenix

Marco Display Specialists leased 67,697 square feet of industrial space at SEC 43rd Ave & Van Buren St in South Phoenix from 4141 W Van Buren LLC.

RE Business Online

CPI’s Andy Jaffe on CORFAC 2015 Executive Committee

CORFAC International announced its 2015 Executive Committee. Among the elite: Commercial Properties Inc’s Andy Jaffe (at-large position).

Yahoo Finance

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.

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.

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.

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).

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.

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