Office Archives - Everest Holdings

Read the original article here by Corina Vanek. The end of a Covid-19 pandemic-induced moratorium on commercial evictions for small businesses and nonprofit organizations in Arizona likely will not result in a flurry of office evictions, one Scottsdale commercial real estate executive said. “I don’t think the moratorium had a significant impact on people’s behavior,” […]

Flurry of office evictions unlikely after Arizona moratorium lifts Read More »

May 29 2019

Best of NAIOP 2019: Redevelopment Project of the Year

Office

Read the original article here by Phoenix Business Journal. Image courtesy of NAIOP. Redevelopment Project of the Year Consumer Cellular at Deer Valley Consumer Cellular at Deer Valley was once a single-story Sam’s Club retail store. It was transformed into a state-of-the-art, two-story office building with a $9 million redevelopment and was completed in June

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Dec 18 2018

2018 Year in Review: Big office deals centered around key submarkets

Office

Read the original article here by Corina Vanek, Phoenix Business Journal. Some of the Valley’s hottest office submarkets were the focal point for the biggest office deals of the year. The majority of the biggest sales — four of the top 15 — were in Tempe, the submarket with the fourth-highest rent growth in the country,

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Sep 24 2018

Everest Sells Another Office Project

Office

Phoenix – BPM Real Estate Group in Portland, Ore. (Walter Bowen, principal) has returned to the Phoenix market by paying $39.25 million ($239.90 per foot) to buy a 163,607-square-foot back-office building located at 17500 N. Black Canyon Highway in Phoenix. W-EH Crossroads Holdings JV VII LLC, formed by Walton Street Capital LLC in Chicago, Ill.

Everest Sells Another Office Project Read More »

Jan 18 2018

2018 Year in Review: Big office deals centered around key submarkets

Office

2018 Year in Review: Big office deals centered around key submarkets Read More »

Jan 17 2018

Everest Sells El Dorado Tech Center for $39 Million

Office

Gilbert – A venture formed by Arch Street Capital Advisors LLC in Greenwich, Ct. (Craig Friedman, chairman) has expanded into the Valley by paying $39 million ($216.09 per foot) to buy a back-office building in Gilbert that is leased to Scottsdale-based GoDaddy Inc. (NYSE:GDDY). The 180,480-square-foot project, located at 2299 W. Obispo Avenue, is within

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Dec 22 2017

Everest Sells Tempe Commerce Park

Office

Gilbert – A venture formed by Arch Street Capital Advisors LLC in Greenwich, Ct. (Craig Friedman, chairman) has expanded into Tempe – In the first of what is expected to be a two-building purchase, a company formed by VEREIT Inc. in New York City, N.Y. (NYSE:VER) paid $16.824 million ($197.36 per foot) to buy a

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Aug 1 2017

Everest Acquires Office Project in Phoenix

Office

Original Article from the Business Real Estate Weekly of Arizona. Phoenix – A venture formed by…Everest Holdings in Scottsdale (Joe Blackbourn, principal) paid $18.4 million ($126.98 per foot) to purchase 144,908 sq. ft. of office space in two buildings located at 14601-14605 S. 50th Street in Phoenix. The sellers were 24 tenant-in-common entities formed by

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Jan 1 2015

Phoenix Office & Industrial Markets Continue to Improve

Industrial, Office

Recent Trends Phoenix Office: The office market continues to strengthen with recent gains in rents, occupancy and absorption. 2014 was the 4th consecutive year of positive net absorption and the most since 2007. Rents at $21-22 remain well below the $26-27 peak range. But they appear to have bottomed with two straight years of increases. Occupancy

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Oct 16 2014

Everest Acquires Crossroads Corporate Center

Office

Original Article from the Business Real Estate Weekly of Arizona. Phoenix – W-EH Crossroads Holdings JV VII LLC, formed by Walton Street Capital LLC in Chicago, Ill. (Perry Pinto, et al., principals) and Everest Holdings in Scottsdale (Joe Blackbourn, principal), paid $7.18 million ($68.31 per foot) to buy a 105,107-square-foot back-office building located north of

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