Single-tenant retail draws increased investor interest in Phoenix

Despite a drop in overall commercial real estate investment volume in the Valley from the first quarter of 2020 to the first quarter of 2021, investment in net-leased assets increased 2.6% in the time period. Net-lease properties are generally leased to one tenant, with the tenant paying taxes, insurance and maintenance on the property, which […]

Investor buys 12 acres in Goodyear that could hold future commercial development

An Arizona investor, who also recently opened the first dermatology practice in Buckeye, bought 12 acres of land in Goodyear that could be a good site for commercial development. “What’s attractive about this site is that the land around it is in escrow with homebuilders,” Anita Verma-Lallian, principal of Arizona Land Consulting, who worked with the buyer, […]

Here are the trends shaping senior living development

America is aging. According to the U.S. Census Bureau’s National Population Projections, in the next few decades, 1 in every 5 residents will be older than age 65, a number that’s projected to outpace those younger than 18 for the first time in history. “There are 10,000 people turning 65 every day in our country,” […]

LevRose Commercial Real Estate/TCN Worldwide Welcomes Branden Mondragon to Brokerage Team

  LevRose Commercial Real Estate is proud to announce and welcome Branden Mondragon as the firm’s newest Advisor to join the brokerage team. After obtaining a BSBA in Finance from the Hasan School of Business and playing baseball at CSU-Pueblo, Branden began his real estate career working with investors in Colorado. After moving to Arizona, […]

Phoenix among top US cities where millennials are moving Millennials are moving to the Valley of the Sun in droves. Phoenix ranks No. 3 among top cities where millennials are moving, according to a new study by SmartAsset. The report is SmartAsset’s fifth annual study analyzing Census Bureau data on migration patterns of people between the ages […]

Developer aims for mixed-use project after buying north Scottsdale infill site

A Scottsdale commercial real estate developer bought a 1.9-acre infill site in north Scottsdale for $6.65 million and plans to redevelop it into a mixed-use project. A joint venture led by Jim Riggs along with Keith Mishkin and Angelo Giudice bought the property from Scottsdale-based Amiel Properties. Brokers from JLL Capital Markets, led by Brian […]

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 […]

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 […]

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 […]

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 […]