Arizona LandSource Team LandSource
Colliers International in Greater Phoenix

Greater Phoenix

Phoenix Office
2390 E Camelback Road
Suite 100
Phoenix, AZ 85016
Main: + 1 602 222 5000
Fax: + 1 602 222 5001

Scottsdale Office
14080 N Northsight Blvd
Scottsdale, AZ 85260
Main: + 1 480 596 9000
Fax: + 1 480 948 0502

Bob Mulhern
Senior Managing Director
Greater Phoenix
Direct: +1 602 222 5038

Commercial Real Estate News

Featured Press Releases & News | LandSource Team

Colliers International Research Reports
Colliers International Reports Land Sales Accelerating in Greater Phoenix

August 23, 2017 – The pace of land sales in Greater Phoenix picked up during first half of 2017, fueled by demand for housing and strong fundamentals in commercial development. Price gains were strongest for parcels intended for commercial and industrial uses. Sales of land parcels intended for residential development accounted for more than half the total land transactions thus far.

Land sale at the southeast corner of Van Buren Road and Estrella Parkway in Goodyear, Arizona
Colliers International Negotiates $3.1 Million Land Sale in Goodyear, Arizona

May 31, 2017 – Colliers International in Greater Phoenix negotiated the $3.1 million sale of a 16.97-acre parcel at the southeast corner of Van Buren Road and Estrella Parkway in Goodyear. Chaz Smith, John Finnegan and Ramey Peru of Colliers negotiated the sale. NexMetro Development LLC purchased the parcel from Goodyear Estrella LLZC. The buyer plans to develop a multifamily project on the site.

Developer Purchases $3.2 Million Parcel for New Senior Living Facility in Chandler

May 15, 2017 – Colliers International in Greater Phoenix negotiated the $3,200,427 sale of a 5.84-acre parcel located at the northeast corner of 94th Street and Pecos Road in Chandler. Chaz Smith, John Finnegan and Ramey Peru of Colliers represented the seller, Henry Bosma (Arizona Acres and Cinder Butte Properties, Inc.). The property will be the site of the $40 million Park at Copper Creek Independent Living facility.

Willetta Street and Central Avenue Land Aerial
New Apartments, Creative Offices Planned for Central Avenue

Mar. 13, 2017 – A partnership of Tilton Development Co, Ryan Cos. and Hunt Investment Co. paid $4.5 million for just under 1.6 acres of land in downtown Phoenix. The trio plans to build 227 apartments and creative office space on the land. The parcel is at Central Avenue and Willetta Street just north of Burton Barr Library and south of McDowell Road. Chaz Smith, John Finnegan and Ramey Peru of Colliers International represented the buyers.

Chaz Smith, Colliers International, LandSource Team
Land Team Negotiates Acquisition of Goodyear Land for Multifamily

Feb. 17, 2017 – Rockefeller Group & Investment Property Associates, LLC  will develop two new “Liv”-branded Class A apartment communities in the metro-Phoenix area. The projects, located in the Deer Valley submarket of Phoenix and in Goodyear, will total 711 units. Rockefeller Group & IPA were represented by Chaz Smith and John Finnegan of Colliers on the Goodyear land acquisition.

Q4 | 2017 | Press Releases

  • Rob Martensen Named President, AZ Chapter, Society of Industrial and Office REALTORS®

    Phoenix, November 2, 2017 – Rob Martensen, SIOR, CCIM, was named president of the Arizona Chapter of the Society of Industrial and Office REALTORS®. Martensen, an executive vice president of industrial properties with Colliers in Greater Phoenix, says “I want to lead the organization in its brand awareness and encourage clients in the market to understand the value achieved by working with an SIOR member.”

  • Colliers International Retained to Lease Forty6Forty5 East Cotton Center in Phoenix

    Phoenix, November 2, 2017 – Todd Noel, CCIM, and Ryan Timpani of Colliers International in Greater Phoenix were retained by Crown West Realty as exclusive leasing agents for the prestigious Forty6Forty5 office building in Cotton Center Business Park in Phoenix. The Class A property consists of approximately 116,858 square feet.

  • Colliers International Reports Greater Phoenix Office Market Slows in Third Quarter

    Phoenix, November 1, 2017 – The Greater Phoenix office market leveled off during third quarter. Net absorption and new construction figures were low and vacancy has remained flat, according to the third quarter office market report released by Colliers International in Greater Phoenix.

  • Colliers International Sells Dunlap Falls Apartments in Phoenix for $22.6 Million

    Phoenix, October 26, 2017 – Dunlap Falls apartments at 3333 W. Dunlap Avenue in Phoenix sold for $22.6 million. The community was purchased by two California-based partnerships as their first acquisition in the Arizona market. Bill Hahn, Trevor Koskovich, Jeff Sherman and Jesse Hudson of Colliers International in Greater Phoenix handled the transaction.

  • Laura Pogue Joins Colliers International as Senior Associate - Industrial

    Phoenix, October 19, 2017 - Laura Pogue, DM, MBA, joined the industrial properties group of Colliers International in Greater Phoenix as a senior associate. Pogue represents buyers, sellers, landlords and tenants in the sale and leasing of single-user and multi-tenant buildings. She is a specialist in aerospace, aviation-related businesses, manufacturing, automotive and logistics industries.

  • Colliers International Reports Industrial Market Activity Surges

    Phoenix, October 18, 2017 – Colliers International reports Greater Phoenix industrial market continues to surge with activity, posting strong net absorption and driving vacancy lower. The metro area continues attracting industrial tenants, resulting in a surge of leasing and a drop of vacancy. Net absorption exceeded 1.8 million square feet during third quarter.

  • Colliers International Reports Strong Third Quarter Drives Retail Vacancy Down

    Phoenix, October 17, 2017 – Colliers International reports Greater Phoenix posted a very strong third quarter in the retail real estate sector, with highest net absorption in several years and vacancy dropping to its lowest level in nearly a decade. Net absorption during third quarter 2017 totaled more than 680,000 square feet, marking the strongest quarter in four years.

  • Colliers International Sells Two Tucson Apartment Assets Totaling 156 Units

    Phoenix, October 3, 2017 – Colliers International in Greater Phoenix sold Georgetown and Park Village apartment communities in Tucson for a combined total of $6,149,000. Jesse Hudson, Trevor Koskovich and Bill Hahn of Colliers negotiated the sales. The communities were sold to separate California-based investors.

  • Colliers International Sells Office Building Occupied by Arizona Dept. of Economic Security

    Phoenix, October 2, 2017 – Colliers International in Greater Phoenix sold a 38,238-square-foot office building at 8800 N. 22nd Ave., in Phoenix, which is fully occupied by the Arizona Dept. of Economic Security. Mindy Korth, Kirk Kuller and John Barnes of Colliers teamed with Greg Bamford of Bamford Southwest, Inc., to represent the seller, a private family trust. The buyer was Scottsdale Investment Management of Scottsdale.

  • Colliers International Sells Medical Office in The Presidio in Chandler

    Phoenix, October 2, 2017 – Sun State Cardiology purchased a 2,038-square-foot medical office for $394,258 in The Presidio at 1100 S. Dobson Road in Chandler. Philip Wurth, executive vice president with Colliers in Greater Phoenix represented the seller, SDBP III, LP, of Scottsdale. Sun State will relocate administrative offices to the new space.

LandSource Team

Greater Phoenix
2390 E. Camelback Road, Suite 100 Phoenix, AZ 85016 United States | Tel: +1 602 222 5000