Office space for lease in ideal Scottsdale location. Close to abundant retail and restaurant amenities, Old Town Scottsdale, Tempe Marketplace, and Fashion Square Mall. Ten minutes from Sky Harbor International Airport.
Efficient office space 10 minutes from Sky Harbor Airport. Great curb appeal in great location near numerous restaurant and retail amenities. Incentives: Free Rent Offer and Broker Bonus.
Retail or Office space available for lease near major retail anchors Ikea, Costco, Total Wine and more. Great location - part of well-established retail and business center. Easy access to I-10 - only 15 minutes from Sky Harbor International Airport.
Class A office space available for sublease in Kierland Office Park - great location within walking distance to Scottsdale Quarter and Kierland Commons. Fully furnished space with 2 private balconies (beautiful views) - ready for immediate move-in. Surrounded by popular, well-established retail, restaurant and service amenities.
JCR Capital Closes $22M Loan on Retail-Office Portfolio
PHOENIX—JCR Capital announced the recent closing of a $22 million bridge loan on a portfolio of retail and office located around Phoenix. The transaction continues to strengthen JCR’s presence in middle-market bridge lending. — globest.com
Engagement: The Big Word That Means Very Little
You can’t get through a communications think tank, social presentation or even a press release without seeing the word “engagement.” And while the word has been firmly fixed in the communications lexicon since the mid-2000s, if you ask a professional in the industry what everyone means by “engagement,” you get quite a surprising answer. — mashable.com
The Trick to Managing Remote Employees
When it comes to managing remote workers, out of sight shouldn’t mean out of mind, new research shows. A University of Illinois study revealed that those in charge of leading employees who work outside the office — either at home or abroad — need to change their leadership style. — mashable.com
Advice for Clueless Brands on Social Media
Dear Bob & Doug: We are a Korean auto manufacturer advertising 100% water exhaust, which concerns minimizing carbon monoxide. We ran a commercial in Europe dramatizing the feature by showing a despondent man trying to commit suicide in his garage, but failing because his stylish and dependable 2013 sedan couldn’t produce toxic fumes. — mashable.com
Feature Story:
500 million solar project west of Phoenix nearly complete
Top Arizona officials were about 50 miles west of Phoenix Wednesday to check out what will soon be one of the largest solar power projects in the world. — more at bizjournals.com
Land purchase may jump-start Buckeye development
A private foundation and a Scottsdale developer spent nearly $10 million to purchase 630 acres to expand a stalled master-planned community in Buckeye. Jeff Garrett of Garrett Development said he expects the land to be developed in as soon as two years. It is on both sides of Arizona 85 south of Interstate 10. The highway bisects the second and third phases of Westpark, where building halted during the economic downtown. — more at azcentral.com
Office Space
Ahwatukee Executive Plaza
11022 South 51st Street, Phoenix, AZ 85044
1,277 RSF to 1,337 RSF
Lease Rate: $17.00 per RSF - Full Service
Free Rent Offer
Office Available for Lease in Pristine Ahwatukee Location
Artis Buys Industrial, Office Properties In Denver, Phoenix
Winnipeg, Manitoba-based Artis REIT has agreed to acquire an office/industrial building in Phoenix and a 50% interest in a multitenant Denver office building for a combined $68.8 million cash. — more at costar.com
Work begins on new Chandler luxury apartments near new GM site
Work is starting on Elevation Chandler — but not on the infamous skeleton of the abandoned high-rise near Chandler Fashion Center. The new Elevation Chandler luxury-apartment complex, at 2300 W. Pecos Road, has the same name but is otherwise unconnected with the one-time hotel and condo high-rise project. — more at azcentral.com
Plans move ahead for Scottsdale preservation project
Plans are moving ahead for the Scottsdale Desert Discovery Center, which is slated to be the gateway to the McDowell Sonoran Preserve. — more at bizjournals.com
Local First Arizona expands in Tucson with radio deal
Local First Arizona has partnered with Good News Radio Broadcasting in Tucson to bolster and further spread its “buy local” message to southern Arizona. — more at bizjournals.com
Mark IV to Develop GM Innovation Center
CHANDLER, AZ-General Motors LLC has entered into an agreement with Newport Beach, CA-based Mark IV Capital Inc. for a 170,000-square-foot build-to-suit office building at the 40-acre Chandler Freeway Crossing. Upon completion, the project will house GM’s Information Technology Innovation — more at globest.com
New Taco House Announced for Gilbert
Upward Projects (pictured)–they are behind such beloved Valley dining destinations as Postino, Federal Pizza, Windsor and Churn–has announced its newest opening: Joyride Taco House. Beach-inspired Joyride is slated to open June 3 in a 3,400-sq.-ft. space right next door to Downtown Gilbert’s thriving Postino East. — more at arizonafoothillsmagazine.com
Medical Office SpaceOffice SpaceRetail Space
Hayden Road & McDowell Road
8010 E McDowell Rd, Scottsdale, AZ 85257
698 RSF to 1,758 RSF
Lease Rate - General Office Space: $16.00 per RSF
Lease Rate - Medical Office Space: $18.00 per RSF - Modified Gross
Offices Available for Lease in Convenient Scottsdale Location
Ten minutes to Sky Harbor International Airport
Convenient access to Loop 101 and Loop 202 (Red Mountain Freeway)
Ken Cheuvront, a former member of the Arizona Legislature, is closing his downtown Phoenix restaurant after a 10-year run. — more at bizjournals.com
New survey reveals risks of cutting costs in corporate real estate 0
A new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. — more at officeinsight.org
3 tenants sign for research lab near Gateway Airport
After months of negotiations, Southeast Valley officials have secured three tenants for AZLabs, the former Air Force Research Laboratory turned economic driver near Phoenix-Mesa Gateway Airport. The three lessees — one from academia and two Department of Defense contractors — will occupy about 4,500 square feet at the facility. — more at azcentral.com
Phoenix recruits Silicon Valley firms, and other business news
Phoenix’s mayor tries to recruit Calif. tech firms PHOENIX - Phoenix Mayor Greg Stanton wants businesses in Silicon Valley to relocate to Arizona. Stanton traveled to California this week to sell Phoenix as a prime location for technology and manufacturing jobs. His office would not say which companies he is approaching because the meetings are confidential. — more at azstarnet.com
Frontier Airlines may have Phoenix buyer interest
While US Airways is packing up and moving to Texas, a Phoenix investment firm has expressed interest in buying Frontier Airlines. Reuters reported that Indigo Partners LLC is one of two investment firms that is interested in purchasing Frontier from Indianapolis-based Republic Airways Holdings. The other is Anchorage Capital Group LLC in New York. — more at bizjournals.com
New unemployment claims hit 5-year low
In a strong sign that the labor market is improving, the number of Americans who filed first-time claims for unemployment insurance fell last week to a five-year low. — more at bizjournals.com
Office SpaceRetail Space
Priest Drive Business Center
8100 South Priest Drive, Tempe, AZ 85284
2,190 RSF
Lease Rate: $16.00 per RSF - Modified Gross
Retail / Office space for lease in desirable Tempe location
Part of large, busy retail and business center
Close to Ikea, Costco, PetSmart, Lifetime Fitness, LA Fitness, Total Wine and more
Property Wars star John Ray in financial trouble, has four Phoenix properties in foreclosure
The Discovery Channel’s hit reality TV show “Property Wars” has spent the last several months following the cutthroat business of John Ray and other property bidders as they go head-to-head for the hundreds of foreclosures that hit the metro Phoenix auction block each month. — more at bizjournals.com
Valley Metro giving preference to local contract bidders
The Valley Metro transit agency is giving contracting preferences to local companies in an effort to keep more money in the regional economy. — more at bizjournals.com
Pink Jeep Tours taking expeditions to the skies
Arizona’s iconic Pink Jeep Tours is teaming with another tour company to offer expeditions by land and by air. The Sedona-based PJT announced this week a partnership with the Papillon Group, which offers “flightseeing” experiences with helicopters and airplanes. — more at bizjournals.com
Construction Employment Up In 152 Of 339 Metro Areas; Spending Up As Well
Construction employment increased in 152 out of 339 Metro areas between March 2012 and March 2013, declined in 126 and was stagnant in 61, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that many metro areas are adding jobs as construction spending increased 4.8%, or $38.9B, during the same time frame. — more at azremagazine.com
Developer Proposes Another Large Downtown L.A. Hotel Tower
High-rise buildings continue to see a renaissance of sorts in the Los Angeles CBD. The latest proposal actually is a Renaissance, a 450-room, $200 million Renaissance Hotel that will be the fourth Marriott International flag located at the gateway of L.A. Live, home of Staples Center. — more at costar.com
Non-Traded REITs Raise $3.9Bln of Equity in 1Q; On Pace for Record Year
on-traded REITs are raising equity capital at a feverish clip and should easily top the $10.3 billion they raised last year. During the first quarter, the industry raised $3.9 billion, according to Robert A. Stanger & Co. That would put it on pace to raise a record $15.6 billion of equity. — more at crenews.com
Office Space
7077 East Marilyn Road - Building 6
Scottsdale, AZ 85254
+/-2,700 RSF
Sublease - Lease Rate Expiration: Jan 31, 2015: $19.00 per RSF - Modified Gross
Class A office available for sublease in Kierland Office Park
Fully furnished and ready for immediate move-in
Amenities include 2 private balconies, beautiful environment and is within walking distance of Scottsdale Quarter
Investors Re-Open the Spigots to Private Equity Funds
After a very slow start to private equity fundraising in 2013, the funding spigots seemed to open up again last week. Ten sponsoring investment firms reported raising more than $3.5 billion to pump into the recovering commercial real estate markets. That amount is well more than half of what was reported raised in all of the first quarter. — more at costar.com
Foreign Investors Moving Beyond Top Tier Markets to Buy Office Property In More U.S. Cities
Foreign investors continued to “widen their horizons” in the first quarter of 2013 after focusing most of their office buying attention in the past couple of years on top-tier U.S. markets, making substantial investments in markets such as Denver, Portland (OR), Tampa and the Inland Empire region in California. — more at costar.com
Facility Closures & Downsizings: Clothing Retailer Jones Group Shedding Stores
In an effort to improve its direct-to-consumer business, The Jones Group plans to “reset” its domestic retail business through a reduction of underperforming stores and will streamline certain wholesale divisions and the supply chain. — more at costar.com
