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, …
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 …
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 …
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 …
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 …
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 in …
LevRose Commercial Real Estate Welcomes Nate Goldfarb as Senior Vice President Read More »
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 …
TCN Worldwide Appoints Jon Rosenberg to Board of Directors Read More »
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 …
LevRose Commercial Real Estate Leases Space to Jersey Mike’s in Old Town Scottsdale Read More »
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 …
Meet your neighbor: Kottler loves unpredictability of commercial real estate 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.
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