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3233 N Dodge Blvd, Tucson, AZ

3233 N Dodge Blvd, Tucson, AZ

TUCSON, AZ – The property at 3233 N Dodge Blvd. in Tucson sold to Pima County for $1 million ($117 PSF). Built in 1982, the 8,580-square-foot industrial building sits on 2.82 acres with an entirely walled perimeter and surfaced yard in midtown, near Fort Lowell and Dodge Blvd.

Formerly occupied by G&W Masonry Supplies that closed for business in April, the property was vacant when the County closed on it June 22nd for its heavy equipment storage, office space and a repair yard for the Pima County Regional Wastewater Reclamation Department.

The property comes with 1,870-square-feet of office/showroom space with two restrooms, four offices and a break room. The warehouse area has three… Read more

1917-1965

1917-1965 W First Street, Tempe, AZ

TEMPE, AZ – A 33,400-square-foot warehouse at 1917-1965 W. First St., in Tempe near Rio Salado Pkwy. and Priest Drive sold for $3,316,010 ($99.28 PSF) in an all-cash deal.

Rick Robertson, Principal with Lee & Associates represented both the buyer and seller in this transaction.

The buyer was Danari Temple, LLC an investment partnership headed by Michael S Adler of Adler Real Estate in Woodland Hills, California. The seller was Watertower, LLC of Tempe who signed a 3- year lease back with an option to extend for two years for their company, AV Concepts Inc.

In 1995, the original 18,000 SF building was constructed with an additional 15,400 SF added to the building… Read more

Randy Graf

Randy Graf

Commentary by Hon. Randy Graf, former member of the Arizona State House where he served in leadership as House Majority Whip. Randy is a 30-year resident of Southern Arizona, living in Green Valley.

On a 4 to 1 vote the Pima County Board of Supervisors decided to put a series of seven bond propositions on the November 3, 2015 ballot. These seven bond propositions total $815 million in new debt for taxpayers in Pima County, already a county with the highest tax rate in the State of Arizona and more debt than the other fourteen counties in Arizona combined.

With debt comes costs in the form of property tax increases to pay back the bond debt as well… Read more

Raytheon BuildingWill provide R&D for ground vehicles, ground robotics

TUCSON, AZ — The U.S. Army Contracting Command – Warren recently awarded Raytheon Company (NYSE: RTN) the TACOM Strategic Service Solutions (TS3) indefinite delivery/indefinite quantity (IDIQ) contract. The five-year multiple-award vehicle has a ceiling value of $634 million.

The agreement covers future work on sensors, fire control systems, active protection systems, and robotics and autonomous systems for a variety of U.S. Army platforms.

“This contract award represents a major milestone in Raytheon’s efforts to deliver vehicle-borne sensors and effectors,” said Tom Bussing, vice president of Raytheon’s Advanced Missile Systems product line. “Our customer is one of the Army’s largest weapon systems research, development and sustainment organizations as well as the center… Read more

Reserve & White house Real Estate Daily News

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 of the day will be.

Wednesday, the Dow Jones industrial average climbed 138.40 points, or 0.8%, to 17,757.91. The Standard & Poor’s 500 index rose 14.31 points, or 0.7%, to 2,077.42. The NASDAQ composite gained 26.26 points, or 0.5%,… Read more

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