Regions Southwest | Phoenix
CBRE Buys Outstanding Shares in Tucson JV Company
July 1, 2008

CB Richard Ellis Group Inc. has acquired the 50 percent outstanding shares of its joint-venture company in Tucson, Ariz. The acquisition of CB Richard Ellis Tucson L.L.C. is part of the company’s strategy to acquire its joint-venture and affiliate companies in markets with strong growth potential. CBRE Tucson has operated as a CBRE joint-venture company since 2000. Tim Prouty, managing director of CBRE Tucson, will continue to lead the Tucson area operations and will report to Craig Henig, senior managing director in the firm’s Phoenix office.

 
Recent Phoenix Headlines
Gaylord to Develop Convention/Resort Facility in Mesa
Sept. 05, 2008
Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100 acres of the Mesa Proving Grounds, which totals about 3,200 acres.
Chemical Company Stays Put at Suburban Phoenix Home with 53,000-SF Lease Renewal
Sept. 05, 2008
BioLab Inc. has decided to extend its commitment to its digs at 5555 North 51st Avenue in Glendale, Ariz., with the signing of a new seven-year lease.
Nelson Brothers Breaks Into TIC Investment Biz with Phoenix Retail Purchase
Aug. 29, 2008
Nelson Brothers Professional Real Estate, a one-year-old firm based in Aliso Viejo, Calif., has completed its first Tenant-in-Common transaction with the purchase of Palm Valley La Piazza Retail Center in Goodyear, Ariz.
Amazon Leases 513,000-SF Warehouse Outside of Phoenix
Aug. 22, 2008
In an effort to accommodate increasing demand, Amazon.com recently leased a 513,000-square-foot warehouse in Goodyear, Ariz., from Duke Realty.
Four Seasons Walton Street Refinances Four Seasons Hotel
Aug. 22, 2008
Walton Street Capital L.L.C. has refinanced its Four Seasons Resort Scottsdale, in the Phoenix metro area, for $75 million. The funding was provided by HSBC and secured by Jones Lang LaSalle’s capital markets group.