Scottsdale broker: Real estate transactions down, not stopped in wake of coronavirus

Real estate transactions such as leases and building sales have slowed but not halted in the wake of sweeping business closures due to the novel coronavirus, according to a commercial real estate expert. Jon Rosenberg, designated broker and managing partner of Scottsdale-based LevRose Commercial Real Estate, said he has seen clients put lease discussions on […]

SkySong 6 Design Plans Presented to City for Review, With Construction on New Building Scheduled to Start in May 2020

Scottsdale, Arizona — The developers of SkySong, The ASU Scottsdale Innovation Center have filed for design approval with the City of Scottsdale for SkySong 6, which will be the largest building in the project. SkySong 6 will be the next building to be constructed at SkySong, with construction now scheduled to begin in May 2020. […]

Heading Into 2020, Here Is What Foreign Investors Are Targeting In CRE

China’s retraction from the United States commercial real estate market has left a mark — but there are new substitutes waiting in the wings, coming from all corners of the globe. “Within the last 24 hours I’ve met with a Chilean group, as well as a German group last night for a closing dinner,” Nuveen […]

Multi-billion-dollar Akimel 7 planned at Loops 101 and 202

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 […]

Fall 2019 Arizona Case Law Affecting Commercial Real Estate and Lending

Arizona Case Law – Deed Restrictions Swain v. Bixby Village Golf Course (AZ Court of Appeals 9-19-2019) This dispute has been covered in the local newspapers for the past several years. Chicago Title Agency was the original owner of the Ahwatukee Lakes Golf Course (and at some point also acquired the Ahwatukee Country Club Golf […]

Year in review: Commercial real estate deals boom in Valley during 2019

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 […]

Plans revealed for $157M Valley office project on tribal land

Palmer Development, the company behind several major projects on the Salt River Pima-Maricopa Indian Community near Scottsdale, has plans for another $157 million office complex on the reservation. The new development, called the Sydney, will be built at the southeast corner of Pima Road and Loop 101, directly south of another planned Palmer Development project, […]

Papago Plaza breaks ground on massive redevelopment

Sigma Contracting, Inc. today broke ground at iconic Papago Plaza in Scottsdale for up to 88,000 square feet in new retail and office buildings and a 120,000-square-foot parking garage. Sigma’s portion of the project is valued at $11 million to $16 million and will consist of the complete demolition of the original Papago Plaza, 1408 N. Scottsdale Road, […]

Glendale to Grow as New Jobs Hub Forms off Loop 303

Drive along the outer edges of Luke Air Force Base now and you’ll mostly be looking out over farmland. In five years, or even sooner, Glendale officials say that won’t be the case. The corridor along Loop 303 near Northern Parkway is being envisioned as the Valley’s next industrial park, with giant manufacturing plants and […]

Levrose Commercial Real Estate closes $3.35m multi-tenant office/flex investment in Scottsdale Airpark

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 […]

LevRose Commercial Real Estate Closes $1.8 Million Multi-Tenant Office Investment in Scottsdale

Scottsdale, Arizona – LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage closed the sale of a multi-tenant office building in Scottsdale, Arizona for $1,800,000. Located at 8723 E. Via de Commercio, the sale was facilitated by Keri Davies and Jason Reddington of LevRose Commercial Real Estate. The property was sold to Everrich, […]

Phoenix Retail Outperforms Nation

Retail in Phoenix is outperforming the national market. A new report shows the retail vacancy rate in Phoenix has dipped below 10%, and with the rising demand has come increased rental rates. Overall, rates have climbed 3.2% over last year, but in the most popular submarkets, which include Downtown Phoenix, Scottsdale and Northwest Phoenix, rents […]

Phoenix Is No Longer An End-of Cycle Market

The cycle is mature—so mature that many are predicting a recession in the next 12 months. The mature cycle has meant peak pricing in many top markets, and as a result, investors have fled to secondary markets to chase yield, and Phoenix has been a favorite. In prior cycles, Phoenix has been a final play […]

Bringing the $200MM Bang to AZ

Bang Energy just acquired a new manufacturing and distribution facility in Phoenix, Arizona, for $52,323,000 million. This state-of-the-art facility will include newly engineered canning and manufacturing lines to produce Bang Energy at blistering speeds of 3,600 cans per minute! Production will also include other iconic beverage brands pioneered by Jack Owoc, Bang Energy CEO and […]

New Large-Format Starbucks Trades in Phoenix

A new large-prototype Starbucks has trades hands in Phoenix. The single-tenant property is a brand-new, 3,100-square-foot building with drive-thru. It traded hands for $3 million or $988 per square foot. The impetus for the large-format floor plan is to create a better experience and provide the community a place to hang out.   Originally Posted […]

LevRose Commercial Real Estate Welcomes Nate Goldfarb as Senior Vice President

  Scottsdale-based CRE Firm Hires CBRE Veteran to Specialize in Landlord and Tenant Representation for Office Properties in the Greater Phoenix Area Scottsdale, Ariz. – LevRose Commercial Real Estate, one of the Valley’s leading commercial real estate firms, recently added CBRE veteran Nate Goldfarb as a Senior Vice President to its growing team. Goldfarb will specialize […]

Co-working Is Disrupting Office Spaces

by Keri Davies Working from non-traditional spaces was once the realm of artists, writers and road warriors. People joked about those with computers taking up seats at coffee shops, cafes and restaurants, not seeing the larger trend coming into play. Today, it’s becoming a much different story. It is forecasted that by the year 2020, […]

TCN Worldwide Appoints Jon Rosenberg to Board of Directors

H. Ross Ford, President and CEO of TCN Worldwide, has announced the appointment of Jon Rosenberg, Designated Broker, Managing Partner and Co-Founder of Levrose Real Estate/TCN Worldwide in Scottsdale, to the TCN Worldwide Board of Directors. Mr. Rosenberg will be taking over for David Wallach of Barclay Street Real Estate/TCN Worldwide in Calgary, who was […]

Levrose Commercial Real Estate Closes Multi-Million Dollar Property

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 Leases Space to Jersey Mike’s in Old Town Scottsdale

Submarine Sandwich Chain Enters into Lease of 1,418 Square-Foot Restaurant Space on Scottsdale Road SCOTTSDALE, ARIZ. – LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage firm, announced recently that Jersey Mike’s leased a 1,418 square-foot space in Old Town Scottsdale at 4020 N. Scottsdale Road. LevRose Commercial Real Estate’s Danielle Davis represented the […]

Meet your neighbor: Baumgardner serves as coach, volunteers in community

Name: Mike Baumgardner Where I live: Arcadia Arizona, but I work in Old Town Scottsdale at LevRose Commercial Real Estate When and why I moved here: I moved in July of 2005 Because I fell in love with the area being from Michigan, I needed grass and larger lots. It felt like a more local feel with families […]

LevRose Commercial Real Estate Expands Advisor Team

Scottsdale-based CRE Firm Hires Austin Knebel to Manage Property Deals Throughout the Valley SCOTTSDALE, ARIZ. – LevRose Commercial Real Estate, one of the Valley’s leading commercial real estate firms, recently added Austin Knebel as an advisor to its growing team. Knebel will specialize in selling and leasing properties throughout Scottsdale, Tempe and downtown Phoenix. Knebel […]

Meet your neighbor: Kottler loves unpredictability of commercial real estate

Name: Zak Kottler Occupation: Commercial Real Estate Broker and Partner, LevRose Commercial Real Estate Why you chose to work in your field: I initially chose commercial real estate because my older brother started in that industry after he graduated college. Based on his experience and success with it, it was extremely intriguing to me and led me to […]

LevRose Commercial Real Estate Finalizes Multi-Million Dollar Property Acquisition

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 […]

Pop-ups Retail Concepts Arrive in Phoenix

Pop-up retail concepts are arriving in Phoenix—and the trend says a lot both about the evolution of Phoenix and the pop-up trend. Pop-up shops have become popular and even accepted by retail owners and lenders in primary markets like Los Angeles and San Francisco, but this is early trend in a secondary market, like Phoenix. […]

Hayden Professional Park Sells for $8.75 Million

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 […]

Scottsdale Office Space Sold

Levrose Real Estate is pleased to announce another successful Scottsdale office space sale. Known as a leading Scottsdale commercial real estate company, Levrose Real Estate helps client’s small and large find Scottsdale office space for sale. Recently, we helped a private buyer purchase ±3,024 square feet of Scottsdale office space at 10165 N. 92nd Street. The sale was […]

The Hunter and the Haunted

The definition of a hunter is a predator that hunts game; it is also the definition of a successful salesperson that hunts for deals. Unfortunately, 80 percent of all salespeople fail to hunt successfully while a mere 20 percent of salespeople hunt for most of the deals available each year. I describe this 80 percent […]

The Art of Storytelling

Storytelling is the most important form of communication in the history of mankind, and sadly the threat of its extinction is close at hand. The way that we have communicated our history, educated and entertained new generations through tall tales, anecdotes and legend is indeed becoming a lost art. Major religions began through tales told […]

What Would a “Tough Mudder” Competition Look Like For Salespeople

The new leader in extreme sporting events around the world is the “Tough Mudder” competition. These are a series of events that test your physical and mental limits beyond anything you can image. You enter these events and torture yourself because you want to. What’s more unbelievable, for salespeople, is that you are willing to […]