New Senior Care Facility Planned For Arrowhead Ranch
The $2.23 million sale of the commercial land parcel on the northwest corner of Bell Road and 67th Avenue was just completed by Colliers International. A new senior care facility called Orchard Pointe at Arrowhead is planned for the 3.95 acre lot. Glendale Heritage of Heritage Communities LLC, the purchaser of the land, is planning on building Orchard Pointe as its second Heritage Community in the Valley, with the first being in Surprise. The center will provide care to all l
One | Hundred | Mill Coming Soon to Downtown Tempe
The City of Tempe is working with Hayden House Tempe, LLC, which according to AZ Big Media, is a partnership between Douglas Wilson Companies of San Diego and Hensel Phelps Development LLC of Greely, Colorado, to develop a new project on the corner of Mill Avenue and Rio Salado Parkway. The name of the new mixed-use development is One | Hundred | Mill, a play on the actual address of the property which is 100 S. Mill Ave. The project is a $190 million mixed-use creative prope
Arizona Commercial Real Estate Market on the Rise
The Phoenix office sector has seen strong growth as the overall economy has continued to improve. The Valley is considered a very attractive place for firms to relocate to as reported by Site Selection magazine. Phoenix topped other Western cities like Seattle, Denver, Salt Lake City, Los Angeles and San Francisco. Construction, sales and rent are all gaining momentum, while leasing has stayed stagnant. This trend can be explained in part by the slow office space job growth a
Sheraton Phoenix Downtown Hotel to be Sold in Light of Financial Trouble
After careful consideration, the city of Phoenix is in talks of selling the Sheraton Phoenix Downtown Hotel in favor of a new downtown arena for the Phoenix Suns. The hotel has seen an extreme loss of approximately $38 million since opening in 2008, and the future of the its performance does not look promising. According to Tim Gallen from the Phoenix Business Journal, the city owes about $330 million on the Sheraton, but estimates suggest its value only ranges between $175 m
AZRE - March 2015
AZRE features Helix for acquiring a new headquarters and expanding services. Click here to read more from AZRE. #helix #commercialrealestate #Phoenixcommercialrealestate #crephoenix #commercialrealestatetrends
Net Lease Sector Analysis
The Net Lease Sector of real estate is hot in the western United States - namely, in California. Globest.com discusses the trend with senior leadership from Marcus and Millichap, who recently received recognition for closing a record-breaking deal in this sector. According to Joe Linkogle, VP investments, and Adam Friedlander, senior associate of the firm - a high demand and low supply of Net Lease property is making this commerical real estate market sector heat up in Southe
