LITCHFIELD PARK, AZ – Phoenix West Commercial, LLC negotiated multiple lease transactions recently signaling a continued trend in improved market conditions. The firm's most notable transaction was the lease of the final space in the Gateway Office Park Building A, a ±4,740 SF office building located at 10320 W McDowell Road in Avondale. The lease for the last available space was fully executed on October 30, 2015. The owners of this building awarded Phoenix West Commercial, LLC a six-month listing agreement on this building and Bobbie Lorraine Mastracci, CCIM, designated broker, was able to fully lease the entire building within that time frame! Kudos to Bobbie! Phoenix West Commercial, LLC also negotiated the following transactions: Sonora Village leased a ±2,200 square foot office located at SWC Loop 101 and Frank Lloyd Wright Boulevard, Unit 1 in Scottsdale to Pita Kitchen in October 2015. Bobbie Lorraine Mastracci, CCIM, designated broker, represented the [...]
Officials from the town of Paradise Valley say a lawsuit filed against the municipality by the developer of a $2 billion master-planned community, not only has no legal basis, but is allegedly an attempt to change the terms of the development agreement.