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22nd Street Coop

22nd Street Coop Western façade will become an ever changing canvas of colored light and projected image (courtesy photo)

The City of Tucson finalized the sale on Oct 16 of 6.45 acres of land at the northeast corner of 22nd Street and I-10 for $1,602,001 ($5.70 PSF). The buyer 22nd Street Land LLC (Lowell Carhart, principal) of Honolulu, HI an affiliate of Eons Expos intends to build the first gem show condominium and exhibition hall, ‘The 22nd Street Expo Coop’, on this site. This $12 million project looks to break ground in February 2016 and the buyer envisions it becoming ‘ground zero for the Tucson Mineral, Fossil, and Gem & Jewelry Showcase’.

Architect Rob Paulus says the… Read more



Phoenix, AZ– Goodyear Gateway South, the ±221 acre industrial zoned park being developed by EJM Development Co. just north of the Phoenix Goodyear Airport, has announced its first user. Michael Lewis Co. (MLCo) has purchased a 30-acre parcel for development. The financial terms of the transaction were not disclosed.

Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office represented EJM Development in the transaction. MLCo was represented by Andy Cloud with Cassidy Turley.

MLCo is a global provider of in-flight and catering products, logistics and supply chain management solutions. MLCo plans to build a ±250,000-square-foot warehouse and distribution facility on the newly-purchased, 30-acre parcel at Goodyear Gateway South, taking advantage of the… Read more

Tucson Koi & Water Gardens (Bruce McDonald) of Tucson recently purchased 1.3 acres southeast of Magee and Oracle in Oro Valley for $187,000 ($3.30 PSF). The property was recently rezoned to C-N and assembled with the 1.42 acres adjacent to the south that was purchased in 2013 by the buyer to develop a new Koi & Water Garden, a plant nursery and koi sales location. The seller was Walter and Jane Wong Family Investment LLLP of Tucson.

Juan Teran of Chapman Lindsey Commercial Real Estate Services represented the buyer in the all-cash deal.

Awale Enterprises 2, Inc (Jad and Jamal Awale, directors)… Read more

ccim-web-logo-370x90The CCIM Institute welcomed its 2015 President and Leadership Team during the organization’s Fall Business Meetings at the Westin Bonaventure Hotel in Los Angeles this week.

Mark Macek, CCIM, president and owner of Macek Companies, Inc., in Great Falls, Mont., will serve as 2015 President of the CCIM Institute starting Jan. 1. Macek has 25 years of experience in the industry and specializes in commercial real estate brokerage, commercial and residential property management, and real estate development.

His long-time involvement with the CCIM Institute includes serving as 2014 President-Elect and 2013 First Vice President. He is also a member of the CCIM Institute’s Board of Directors and has served on several of the organization’s committees, including the Strategic Planning… Read more

Reserve & White house Real Estate Daily NewsReal 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 rose 215.14 points, or 1.3%, to 16,614.81. The Standard & Poor’s 500 index added 37.27 points, or 2%, to 1,941.28. The NASDAQ composite rose 103.40 points, or 2.4%, to 4,419.48.

Benchmark U.S. crude rose 10 cents to close at $82.81 a barrel on the New York Mercantile… Read more

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