KOLD/KMSB/KTTU Building 7831 N Business Park Dr, Tucson
KOLD, LLC (Debbie Bush, Tucson General Manger) purchased the 22,804-square-foot industrial building at 7831 N Business Park Drive in Tucson from Redyns Development, LLC of Tucson (Harold Snyder, Manager) for $2,432,190 ($107 PSF).
KOLD-TV News 13 serves the entire Southern Arizona region with serious, hard-hitting news coverage and was a tenant in the property prior to the sale. The property serves as broadcast studios and offices for KOLD, KMSB Television and KTTU Television.
Raycom Media, Inc. of Montgomery, AL owns KOLD and the Belo Corporation, which owns KMSB and KTTU, the three entered into a Shared Service Agreement in February 2012 under which KOLD provides news, marketing and engineering services… Read more
Continental Plaza in Mesa
On Monday, we published the sale of Continental Plaza, a 37,400-square-foot retail shopping center at 855 W. University Dr. in Mesa that sold for $1,612,500. This transaction closed on November 14. The buyer has since turned the busy retail center for $2.1 million.
Rommie Mojahed, Mary Ridberg and Beau Flahart of Sperry Van Ness represented the 1031 buyer, California Asset Portfolio, Inc. The seller, Geyser Management, LLC, was represented by Jan Fincham of Lee & Associates. The 1031 Exchange was negotiated and closed in seven days.
“We are happy we successfully assisted our client with his 1031 requirements,” said Rommie Mojahed. “Instead of paying taxes, our client has reinvested in… Read more
Arizona FHFA conforming loan limits 2015 Remain Unchanged
The Federal Housing Finance Agency has announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2015.
For much of the country, the conforming loan limit for a one-unit property (or single-family home) will remain at $417,000 for 2015. Only in 46 counties the conforming loan limit will rise because those counties experienced increases in local home values.
According to the FHFA, the areas that will see conforming loan limit increases include the Denver, Colorado metro area; the Boston, Massachusetts metro area; the Baltimore, Maryland metro area; the Nashville, Tennessee metro area and the Seattle, Washington area.
In the Boston-area counties of Essex, Middlesex,… Read more
TUCSON – Rio Nuevo and other sponsors are celebrating the grand re-opening of the TCC Arena on January 3, 2015 with Grammy nominee Linda Chorney opening for the iconic Beach Boys.
The arena is completing a $7.8M remodel which added all new seats, bathrooms, concession area, a new lobby and entrance, sound and new lights. Thousands of tickets have been sold for the show but the District board wanted to do something for the merchants that support downtown development through sales tax receipts.
The Rio Nuevo board has approved a 50% ticket discount for up to 30 tickets each for merchants that do business within the Rio Nuevo district, which extends from downtown along Broadway to Park Place… Read more
Real Estate Daily News Buzz – business perspectives, real estate, government, the Fed, local news, and the stock markets
Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you time. Here you will find the headlines and what the news buzz for the day will be.
On Tuesday, the Dow Jones Industrial average dropped 2.96 points, or less than 0.1%, to 17,814.94. The Standard & Poor’s 500 index fell 2.38 points, or less than 0.1%, to 2,067.03. The NASDAQ composite gained… Read more