Phoenix —Primestor Development has begun major renovations at Palm Glen Shopping Center, a 177,754-square-foot shopping center anchored by Food City and Wells Fargo in Phoenix.
Yuma, Ariz. — DTZ has arranged the $13.7 million sale of Pioneer Shopping Center, a 140,610-square-foot shopping center located in Yuma.
Glendale, Ariz. — Lee & Associates has arranged the sale of two Glendale shopping centers, Glendale Market Square and Arrowhead Plaza, for a total of $38.6 million.
Irvine, Calif. — Irvine-based Faris Lee Investments has arranged the sale of two single tenant buildings occupied by Walgreens and Miller’s Ale House Restaurant.
Glendale, Ariz. — Colliers International has arranged the $6 million sale of Arrowhead Lakes Marketplace, a 22,280-square-foot grocery-anchored retail center located in Glendale.
Scottsdale, Ariz. — DTZ has arranged the sale of The Summit at Scottsdale, a 190,408-square-foot shopping center located in Scottsdale, for $54.1 million.
Tempe, Ariz. — Arizona State University (ASU) and Catellus Development Corp. will develop an urban community adjacent to ASU’s Tempe Campus.
Tempe, Ariz. – F21 red, the newest retail concept by Forever 21, will soon open at Tempe Marketplace.
Scottsdale, Ariz. — East Village at Shea LLC, a company formed by YAM Properties, LLC, has purchased Village at Shea, a 117,025-square-foot retail center located in Scottsdale, Arizona, for $32.5 million.
Scottsdale, Ariz. — Northsight Village Shopping Center, an 88,031-square-foot retail center in Scottsdale, has sold to Arizona Partners for $11.5 million.