Top 200 Experts in the Construction Industry 2019

Our homes are more than structures. They are the places we live, where we shape each day of our lives and help create our futures. As Winston Churchill once said, “We shape our buildings; thereafter they shape us.”

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Scottsdale’s Old Town Gringos building sold to Opportunity Zone investors

Old Town Gringos, a popular Mexican restaurant and bar in Old Town Scottsdale, has a new landlord following the sale of the nearly 60-year-old building for $2.23 million or $755 per square foot.

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Fruta & Co Juice Bar to Open in Chandler, AZ

CHANDLER, ARIZ. – A lease for 1,361 square feet in Chandler Mercado to Fruta & Co Juice Bar was recently consummated. The location of the property is 222 E. Warner Rd in Chandler, AZ. The owner of the center is EC Chandler, LLC.

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ORION Represents Seller in Biltmore Corridor Office Sale

PHOENIX, Arizona – Situated on the southeast corner of Missouri Avenue and 12th Street, this 8,700-square-foot, mid-century style office property closed for $1,275,000, or $147 per square foot. 1215 East Missouri Avenue office

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Biltmore-area shopping center sells for $4.05 million

A small shopping center in the Biltmore area of Phoenix with a 7-Eleven convenience store sold for $4.05 million in September. The four-tenant retail center – named Campbell Shops at 24th on 24th Street just north of Campbell Avenue

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ORION sells Le Cordon Bleu College of Culinary Arts in Scottsdale

The renowned former home of Le Cordon Bleu College of Culinary Arts will soon be redeveloped into an assisted living and memory care facility. Bordering the nationally famous Indian Bend Wash Park, the 110 room, three-story facility will have unobstructed views

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ORION Represents Seller in Glendale Shopping Center $5.85M Closing

GLENDALE, Arizona – Closing for $5.85 million, or $113 per-square-foot, Brittany Square totals approximately 51,554-square-feet and includes two pad buildings. Brittany Square is located at the major signalized intersection of 67th Avenue and Peoria.

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Busy Mesa Retail Center Sold by ORION

Located on Main and 48th Street, Main Street Plaza sold for $2,500,000 ($78 PSF) – 98% of asking price. The busy Mesa retail strip center is situated along Main Street, giving it excellent visibility and exposure.

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Iconic Scottsdale Tennis Club Sells to The Wolff Company for Residential Healthcare Facility

SCOTTSDALE, Arizona – The iconic Scottsdale Tennis Club, with 11 championship tennis courts and pool, will soon be redeveloped into Revel Scottsdale – a refined 159-unit senior community.

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ORION Reps Buyer in 340-unit Chandler Apartment Development Site

The 9-acre agricultural property located west of the northwest corner of Dobson and Frye roads, in the prestigious Price Corridor of Chandler, was recently purchased for $4,400,000. A 340-unit multifamily project, to be named The District at Chandler

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Verde at Cooley Station Coming to Gilbert

SB2-Gilbert, LLC, a commercial real estate investment, development and management company announced a new mixed-use development, Verde at Cooley Station. Located at the southwest corner of E. Williams Field Road and S. Recker Road, this 23-acre project will include restaurants, retail, offices, health and wellness facilities, and apartment residences.

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Former Restaurant Sells and Will be Converted to Office Building

PHOENIX, ARIZ. – A unique building located along Osborn Road, just east of 16th Street, recently sold for $1,190,000 ($242.71/SF). Formerly occupied by Coupe des Tartes restaurant

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ORION Sells Iconic 7 Thousand Shea for $16M

DPC Companies, headquartered in Denver, has purchased 7 Thousand Shea; a mixed-use 145,000 square foot development in Scottsdale, Arizona, adjacent to beautiful Paradise Valley. ORION Investment Real Estate facilitated the sale for $16,000,000, or $110 per square foot.

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ORION Investment Real Estate Ends 2017 with $50M in December Closings

The final days of 2017 brought a flurry of activity in the Phoenix commercial real estate market. For Scottsdale-based ORION Investment Real Estate, it has been another successful year measured by growth and deal volume.

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Van Buren Land Sold for Housing

A 1.65-acre site on Van Buren and 29th streets in Phoenix has sold for $850,000.

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Del Taco to Open in Queen Creek Marketplace

Del Taco — the fast food chain specializing in American-style Mexican food — has announced it will open a new restaurant in the Queen Creek Marketplace, on the corner of Rittenhouse Road and Ellsworth Loop Road.

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Unique Retail Building Sells in Stable Trade Area

Fully leased to eight tenants, The Village at Superstition Springs sold for $3,400,000, or $265 per square foot. The Seller was 6610 E. Baseline Road Investors, L.L.C. The Buyer was Landry Family Trust. The transaction was complicated by the

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ORION Represents Seller in Fry’s Shadow Anchored Shops

GILBERT, Arizona – Located along the Loop 202 retail corridor in Gilbert, within proximity to multiple new developments of retail, office, automotive, education, and residential, Gilbert Fiesta Shops sold for $3.5 million at a 7% cap rate.

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ORION Handles Both Sides in Local Daycare NNN Investment

PHOENIX – ORION Investment Real Estate facilitated the sale of a fully occupied, freestanding building for $385,000, or $196 per square foot.

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New CRE Platforms Facilitate a Truly Mobile Office

On the other hand, Nick Miner, CCIM, uses the RealNex system and app for client relationship management. “The new app allows me to access all the data, giving me the ability to be more mobile,” says Miner, senior vice president at Orion Investment Real Estate in Scottsdale, Ariz.

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