Colliers has best year in its Arizona history In 2021, Colliers had the company’s most dynamic year in its Arizona history. During 2021, Colliers in Arizona completed more than 1,000 real estate transactions, assisting clients in making more than $4 billion in real estate decisions. These deals involved some of the state’s largest for the year, including the $1.2 billion refinancing for Grand Canyon University; the 1.2 million square feet leased by MLILY for its newest U.S. manufacturing facility; three different multifamily portfolio sales, each exceeding $120 million in value; the sale of the 777 building within the ASU Innovation Corridor; and working with CapRock Partners in the development of Arizona’s largest ever spec industrial development. “This is an accomplishment achieved through teamwork and broad platform coordination," says Bob Mulhern, senior managing director of Colliers in Arizona.
Bob Mulhern
ABI paves way for downtown development ABI Multifamily brokered the $4.1 million sale of The Phoenix on Willetta, a 1.95-acre parcel located at 102 E. Willetta St., Phoenix. ABI Multifamily’s Patrick Burch and ABI’s Phoenix-based Institutional Apartment Group of Alon Shnitzer, Rue Bax, Eddie Chang and Doug Lazovick represented the seller. The land offers a prime development opportunity in the heart of Downtown Phoenix.
Northmarq starts year off right After a record-setting 2021, Northmarq Phoenix’s investment sales team of Trevor Koskovich, Bill Hahn, Jesse Hudson and Ryan Boyle started 2022 strong with the $51 million sale of Cove on 44th in Phoenix. NorthMarq’s debt and equity team also secured financing for Tide Equities to purchase the property with a $46.2 million loan.
CBRE opens doors in CRE Project Destined’s Historically Black Colleges and Universities (HBCU) Bridge Program, sponsored by CBRE, connects students with CBRE leaders and exposes them to industry career paths. At least 100 students from select HBCUs will receive scholarships to participate in the program each year, starting this spring. Leaders from select HBCUs will serve as academic advisors to help facilitate student participation.
8 | March-April 2022
JLL is leasing The Beam on Farmer The Beam on Farmer, a Class A office projects in the heart of downtown Tempe, celebrated its topping out in February. “The Beam on Farmer sits in the most sought-after office submarket in the Valley,” says JLL Managing Director Ryan Timpani, who serves as the project’s exclusive leasing broker along with JLL Managing Director Mark Gustin. “The project’s cross-laminated timber construction profile will be the first of its kind in the Valley.”
The Beam on Farmer
