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Press Release: Local Real Estate Professional Discusses Independent Brokerage
AVONDALE, ARIZ. — May 16, 2016 — Bobbie Lorraine Mastracci, CCIM, designated broker/principal at Phoenix West Commercial LLC, was quoted in the May/June issue of Commercial Investment Real Estate, the magazine of the CCIM Institute. Please read her comments in “Independents’ Day,” which is available in the PDF file accompanying this release. To read the entire issue, visit http://cire.epubxp.com. CCIMs have earned an internationally recognized professional designation that signifies their expertise in commercial investment real estate. Do you want to get this expert’s take on the local commercial real estate market? Contact Bobbie Mastracci, CCIM, at 623-512-8787. ### About the CCIM Institute Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member (CCIM) designation on commercial real estate and allied professionals through an extensive curriculum of 160 classroom hours and professional experiential requirements. The core curriculum addresses financial analysis, market analysis, user decision analysis, investment analysis, and [...]
PHOENIX WEST COMMERCIAL, LLC ANNOUNCES RECENT LEASES
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 [...]
Phoenix Commercial Real Estate Industry News
Part of Carvana’s former Marina Heights offices subleased by public firm
A San Diego-based financial services firm is subleasing the space from Carvana, which put about 292,000 square feet of the 372,741-square-foot building on the sublease market last year. Read More
Valley store impacted as Express retailer files for Ch. 11 bankruptcy
The company is closing more than 100 stores across multiple brands, including one Valley site, as a potential sale looms. Several other Arizona locations will remain open during the sale process. Read More
The real key to downtown’s comeback may not be office space after all
Office space vacancies are trending upward, but downtown recoveries are still gaining momentum. That's because the real key to post-pandemic city center success transcends the office. Read More
Amazon drones could deliver packages in Arizona this year
This metro Phoenix city will be the first in the nation to implement Amazon's latest drone technology using the company's existing warehouse network. It adds to a growing list of automated tech being rolled out in Arizona. Read More
Tempe e-commerce business PipShip to relocate operations to Gilbert industrial park
PipShip will relocate its existing distribution and e-commerce operations near Tempe Town Lake into a more than 40,000-square-foot space in a Gilbert industrial park, which represents an expansion for the company. Read More
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