REAL ESTATE | 23 hours ago | AZRE Darren Pitts of Velocity Retail Group and Bob Crum of Ross Brown Partners represented the seller in the sale of the La-Z-Boy Showroom located at 6828 East Camelback Road, adjacent to Scottsdale Fashion Square Mall.   The seller was Edward O. Breunig, III a former La-Z-Boy licensee whose company EBCO, Inc. built the largest volume licensee stores within the entire La-Z-Boy network over a 35-year period.  The buyer was Blueprint Capital REIT, Inc. based out of Seattle, Washington with offices in Scottsdale.  The buyer intends to hold the retail asset for long-term investment purposes. The 11,611 square

COLUMBUS, Ohio, Aug. 24, 2018 /PRNewswire/ — White Castle, America’s first fast-food hamburger restaurant, today announced plans to open its first restaurant at “The Block” located on Route 101 in Scottsdale, Arizona. The new Castle, which is targeted to open in 2019, will mark the family-owned company’s first restaurant in the state of Arizona and is expected to bring 50 to 75 new jobs to the area. It will also be the first White Castle family owned location west of the Mississippi River. “For years, Cravers in Arizona have been asking us to feed their souls by bringing our delicious sliders to the state, and we’re happy

Starbucks, Texas Roadhouse and an additional, iconic restaurant brand have all signed leases this month to open restaurants at The Block at Pima Center, paving the way for vertical construction to begin.  Further lease announcements are expected soon as additional tenants are poised to sign contracts on the remaining shop spaces and the two remaining pads in Scottsdale’s newest retail center. Located on the northwest corner of the Loop 101 and Via de Ventura on the Salt River Pima Maricopa Indian Community, The Pima Center is one of North Scottsdale’s largest and most successful mixed-use developments.  The development currently contains 1.5 million

MainSpring Capital Group, developer of The Block at Pima Center, has announced that five retail tenants and two hotels have committed to the project. The Block, which has been under construction for just 30 days, has already attracted 28,835 square feet of retail space and two hotels with a total of 166 rooms, according to a press release. Located on the northwest corner of the Loop 101 and Via de Ventura on the Salt River Pima Maricopa Indian Community, The Block at Pima Center is situated on approximately 12 acres. The retail center is being developed within Pima Center, one

MainSpring Capital Group, developer of The Block at Pima Center, announced today that five retail tenants and two hotels have committed to the project.  The Block, which has been under construction for just 30 days, has already attracted 28,835 square feet of retail space and two hotels with a total of 166 rooms. Located on the Northwest Corner of the Loop 101 and Via de Ventura on the Salt River Pima Maricopa Indian Community, The Block at Pima Center is situated on approximately 12 acres.  The retail center is being developed within Pima Center, one of North Scottsdale’s largest and most successful

MainSpring Capital, developer of the 232-acre mixed-use Pima Center along with Forum Capital, broke ground on its 22-acre retail mixed-use center called The Block. “We are excited to be underway on this dynamic project,” says Curtis Brown, principal with MainSpring Capital Group. “This is the largest retail mixed-use center built in Scottsdale since The Quarter. The enthusiasm from tenants has been remarkable and our space is already 50 percent committed. With limited retail space still available, our team is confident the remainder of the project will quickly lease-up.” The Block at Pima Center will contain upwards of 70,000 square feet of free-standing pad and retail

Ross Brown Partners, Inc. represented the Sub-Tenant, Concentrix Corporation, and Jones Lang LaSalle represented the Sub-Lessor, University of Phoenix, in a 101,000 SF office lease at 1601 W. Fountainhead Parkway in Tempe. Originally a spec office building design that was revised to accommodate the educational use of University of Phoenix, the 3 ½ floors of pristine office space had never been occupied. Curtis Brown, Founding Principal of Scottsdale based Ross Brown Partners, said Concentrix was able to move quickly to secure the new space with only a two month span between identification of the property and move-in. “It’s really unusual

A venture between CarVal Investors in Hopkins, Minn. (John Brice, CEO) and MainspringCapital Group in Scottsdale paid $50 million ($183.97 per foot) to buy roughly 272,000 sq. ft. of office space within the Pima Center mixed-use business park on the Salt River Pima-Maricopa Indian Community. That 209-acre project is located on the eastern edge of Scottsdale at the northwest corner of the Loop 101 and Via de Ventura. The CarVal Investors joint venture, called CV MainSpring Pima LLC, acquired a ground lease on the property underneath the buildings. The land is owned by members of the Salt River Pima-Maricopa Indian Community and has been master-leased for