Barbara Lloyd, CCIM

Good business leaves little room for others on Mill Avenue

admin — Tue, 15 May 2012 23:21:51 +0000

As Tempe begins to fill the empty space along Mill Avenue, small start-ups are finding it more difficult to join this market. Loco Patron and AllState recentely announced they were moving into the Tempe Gateway Building. In addition, another 10-story office building is beginning construction at the Hayden Ferry Lakeside development.

Tempe lands Residence Inn, to open in 2014

admin — Mon, 07 May 2012 16:40:45 +0000

A new hotel is slated for development in dowtown Tempe with an opening expected late next year or in early 2014.

Construction is expected to start soon on a 173-room hotel Residence Inn by Marriott hotel on Forest Avenue. The project will be located on the east side of Mill Avenue, adjacent to the Tempe City Hall parking garage at the southeast corner of Fifth Street and Forest.

Solis hotel, condo site in downtown goes for $30 million

admin — Mon, 07 May 2012 16:39:14 +0000

An 11-acre redevelopment site for a planned hotel and condominiums in downtown Scottsdale was sold last week at a trustee sale for $30 million.

Scottsdale Canal Development LLC, which started assembling the property along the Arizona Canal in 2006, had planned a 240-room Solis Scottsdale hotel and 140 condos on a site that now includes a SRP substation.

Listing: Vacant Commercial Land in Goodyear, AZ

admin — Mon, 23 Apr 2012 21:19:42 +0000

SEC Estrella Pkwy & Elliot Rd, Goodyear, AZ.

Our team has obtained the exclusive listing on the SEC of Estrella Parkway and Elliot Road in Goodyear, Arizona. The site is 4.72 acres and zoned PAD. The zoning will allow for multiple commercial and retail uses. In the heart of the master planned community of Estrella. It’s directly across the street from the brand new Mountain Ranch Marketplace at Estrella with the anchor Safeway.

Click here for Property Flyer.

Listing: 640 Acres of Specutalive Land in La Paz County

admin — Mon, 23 Apr 2012 21:00:31 +0000

33500 McVay Rd, Salome, AZ.

Bank-owned speculative land located in La Paz County. 640 acres of vacant land easily accessible from Highway 72. The property currently has rural area zoning of RA-40. Priced at $995/acre.

Click here for Property Flyer.

New Listing: Mobile Home Park in Tempe with Redevelopment Opportunity

admin — Mon, 23 Apr 2012 19:56:33 +0000

: 1707 E Apache Blvd, Tempe, AZ.

This property has just been listed by our Special Asset Solutions team. The Mobile Home Park is 100% occupied and has 79 mobile homes and 6 apartments. The location is perfect for a redevelopment opporunity due to the fact it is located in Tempe, and in such close proximity to Arizona State University. We have priced the property below actual land sales along Apache Light Rail Corridor.

Click here for Property Flyer.

New Listing: Bank Owned – Mountain View Plaza

admin — Tue, 17 Apr 2012 20:20:56 +0000

4434 E Brown Rd, Mesa, AZ.

This property has just been listed for sale by our team and we wanted to share it with you as an opportunity to buy a building for your practice or as an investment, with an existing income from other tenants. The building is approximately 6,000 sf with an approximately 2,460 sf vacant suite that was formerly occupied by a dentist. The suite has 6 operatories and equipment is also available for purchase. The property offers frontage on Brown Road and is the center is anchored by Mountainside Fitness.

Click here for Property Flyer.

Phoenix and Tempe expected to lead commercial real estate rebound

admin — Tue, 17 Apr 2012 18:35:01 +0000

There are continued indications that when the commercial real estate market awakens from its recession-induced slumber that downtown Phoenix and Tempe’s Mill Avenue will sound the wake-up call.

A first quarter analysis of the Phoenix-area office market by Lee & Associates Commercial Real Estate Service shows the Valley’s office vacancy rates at 27 percent.

Alta Phoenix Lofts sell for $59.5 million

admin — Fri, 13 Apr 2012 19:15:54 +0000

Wood Partners of Atlanta sold Alta Phoenix Lofts at 600 N. Fourth St. in downtown Phoenix to Weidner Investment Services of Kirkland, Wash., for $59.5 million. Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE in Phoenix represented the seller, and the buyer was self-represented in the sale of this 332-unit luxury high-rise apartment community. Built in 2009, Alta Phoenix Lofts is an upscale, urban community offering unique loft-style living and modern amenities. The eight-story property has a resort-style swimming pool, private clubhouse, cybercafe, 24-hour fitness center, yoga and meditation studio, media lounge and ground-level retail along Fillmore and Third streets. The community was 93 percent occupied at the time of sale.

SkySong set to lease new buildings

admin — Fri, 13 Apr 2012 18:25:20 +0000

SkySong, the Arizona State University Scottsdale Innovation Center, this week kicks off pre-leasing for two office buildings that will be the only sizable office construction this year in south Scottsdale.

SkySong now includes two multistory office buildings totaling about 300,000 square feet. The buildings are about 98 percent occupied and house a workforce of more than 1,000 people.