SCOTTSDALE, ARIZONA – The Metro Phoenix commercial real estate market remained vibrant in 2021 for LevRose CRE professionals, whose top 5 sales deals alone fetched more than $69 million. “We were not only excited to see a diverse mix of our top sales and leases (office, retail, industrial and land), but we were thrilled to …
The Metro Phoenix commercial real estate market remained vibrant in 2021 for LevRose CRE professionals, whose top 5 sales deals alone fetched more than $69 million. “We were not only excited to see a diverse mix of our top sales and leases (office, retail, industrial and land), but we were thrilled to have so many different teams …
A residential health care facility and a 400-unit apartment complex are among the next planned developments at Cavasson, the master-planned development in north Scottsdale. Vi at Cavasson will include a four-story main building several other buildings with villas and amenities, according to documents submitted to the city of Scottsdale. The plans call for the facility …
Senior Living, Apartment Complex Among Next Planned In North Scottsdale Cavasson Project Read More »
A proposed redevelopment of much of downtown Scottsdale’s Entertainment District will go before the city’s Planning Commission on Tuesday, Oct. 27. The Scottsdale Collection would replace a handful of bars, clubs and office space with 580,000 square feet of commercial space, hundreds of apartments and hotel rooms and buildings as tall as 150 feet. The …
Planning Panel to Consider Entertainment District Plan Read More »
PHOENIX- The COVID-19 pandemic sent a majority of the workforce home and out of the office, but that doesn’t mean commercial real estate in Arizona took a hit. “The perceptions of a negative market are pretty over-exaggerated at this point,” Jon Rosenberg, co-founder of LevRose Commercial Real Estate, told KTAR News 92.3 FM. He adds that …
Commercial Real Estate Grows in Arizona Despite Hits From COVID-19 Pandemic Read More »
While the COVID-19 pandemic may have curbed progress for a lot of businesses in the East Valley, construction showed no signs of slowing down. Massive multifamily housing communities, expansive business campuses, eye-catching mixed-use towers and luxury hotels are transforming the region’s skyline, and nowhere is that more evident than in Phoenix’s suburban neighborhoods of …
Here’s why Scottsdale and Tempe are experiencing a development boom Read More »
While sectors of Arizona’s economy have suffered financial losses during the pandemic, the state is faring better than much of the nation, according to a leading economist. If Arizonans can stay masked, socially distanced and sanitized, it has a good chance for full recovery as soon as mid 2021, said the state’s heavyweight economic forecaster, …
Here’s Why Arizona’s Economy Will Bounce Back Faster than Nation Read More »
Capital Development Southwest Inc., in partnership with SLG Management, announces a new development project at The Pavilions at Talking Stick. The new Comfort Suites, a Choice Hotel brand, will break ground in August 2020. “This location is known to be one of the premier entertainment destinations in the southwest,” said Justin Gubler, SLG Management …
Hotel Breaks Ground at The Pavilions at Talking Stick Read More »
Construction work has begun at Papago Plaza, a redevelopment project near McDowell and Scottsdale roads in south Scottsdale. Final grading is being done onsite for installation of electrical and water lines. Pivot Development, which is developing the hotel, restaurant and retail space at Papago Plaza, began razing the former shopping center in late 2019. Some iconic …
Construction work underway at Papago Plaza redevelopment in Scottsdale Read More »
Construction Tops Out at First Major Office Project in Scottsdale Airpark Since 2015 General contractor Willmeng Construction and developer Trammell Crow Co. have topped out vertical construction of the three-story Axis Raintree, the first office project to be built without a signed tenant in Scottsdale, Arizona, since 2015. The contractor said that crews placed the …
Axis Raintree Office Project Reaches Milestone in Scottsdale, Arizona Read More »
HCW, which has developed more than $2 billion in real estate in the last 23 years, in partnership with Caesars Entertainment Corporation, announced construction is currently underway for the 265-room Caesars Republic Scottsdale luxury brand hotel, and is on schedule to open in January 2022. “We are excited construction is moving forward as planned on Caesars Republic …
1st Non-Gaming Caesars Hotel Begins Construction in Scottsdale Read More »
Cameron Colvin, chairman of CamCo Commercial Inc., today announced that The Solanna Group LLC and CamCo Commercial have formed a joint venture entitled “Akimel 7 Productions,” to include a land lease arrangement to develop a multi-billion-dollar next generation sports and new media entertainment destination called Akimel 7 at Loops 101 and 202 in Scottsdale on …
Multi-billion-dollar Akimel 7 planned at Loops 101 and 202 Read More »
Here’s a quick look at the major highlights of the year in commercial real estate in the Valley, with the top story from each month: January A bankruptcy court ruling opened up nearly 5 square miles of land near Desert Ridge Marketplace. California-based Crown Realty and Development acquired 96.5 acres of the land and master developer rights …
Year in review: Commercial real estate deals boom in Valley during 2019 Read More »
LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage closed the sale of a multi-tenant office/flex building in Scottsdale, Arizona for $3,350,000. Located at 15207 N. 75th St., the sale was facilitated by Jason Reddington and Keri Davies of LevRose Commercial Real Estate. The property was sold to Airpark Office 75, LLC. Reddington …
Surprise, Ariz. – LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage closed the sale of a multi-tenant retail center in Surprise, Arizona for $2.6 million. Located at 12100 N. Dysart Road, the sale was facilitated by Mark Cassell and Trenton McCullough of LevRose Commercial Real Estate. The property was sold to …
Levrose Commercial Real Estate Closes Multi-Million Dollar Property Read More »
SCOTTSDALE, ARIZ. — LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage firm closed the sale of a commercial project with a residential component in the heart of Old Town Scottsdale for $4 million. Located at 4201 N. Marshall Way, the sale was facilitated by Mark Cassell and Trenton McCullough of LevRose Commercial …
LevRose Commercial Real Estate Finalizes Multi-Million Dollar Property Acquisition Read More »
Scottsdale, Ariz.– LevRose Commercial Real Estate, a leading Scottsdale-based commercial real estate brokerage and management firm, recently closed the sale of Hayden Professional Park in Scottsdale for $8.75 million ($133 PSF). The 65,731-square-foot office space located at 3200 N Hayden Road was purchased by Petwin Properties from Blue Diamond Properties. LevRose Commercial Real Estate represented …
Hayden Professional Park Sells for $8.75 Million Read More »
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
Let’s work together! Partnering with LevRose is easy. Simply fill out this form, including as much information as you can provide about your client and their needs.
Fill out this form to learn more about opportunities to join our team.
