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440 W Calle Concordia

440 W Calle Concordia, Oro Valley

Oro Valley Church of the Nazarene (Craig Coulter, Sr Pastor) purchased the adjoining building formerly occupied by Pusch Ridge Christian Church (Don Sullivan, Pastor) at 440 W Calle Concordia in Oro Valley for $1.25 million ($144 PSF).

The 8,672-square-foot building (built 1998) is located on 7.55 acres immediately to the east of the existing Church of the Nazarene at 500 W Calle Concordia. The property will be used as an expansion site and Youth Center for the church.

The Church of the Nazarene is a Protestant Christian church that follows the Wesleyan-Holiness tradition. Organized in 1908, the church is now home to more than 2 million members worshiping in over 26,000 local congregations in… Read more

Shops-at-Costco-SperryVanNessPhoenix, Arizona – Trenton McCullough and Shari A. Tucker-Gasser, Retail Investment Advisors in the Phoenix Sperry Van Ness office, represented the buyer, Sossaman Development LLC, in the $2.2 million ($10.20 psf) purchase of 4.95 acres of commercial land zoned LC, formerly known as C-2, in the City of Mesa.

Located just north of Costco on the hard corner of Sossaman Road and Hampton Avenue in Mesa, AZ.  Sossaman Development LLC has plans to develop and sell or lease pads for a multi-tenant retail building and two freestanding single tenant retail buildings along Sossaman Road.

 “This is a great location for a breakfast/coffee user as it is on the West side of Sossaman Road and in the path of… Read more

Monterosa Apartments

Monterosa Apartments

Phoenix, AZ– 3728 East Monterosa Apartments, LLC of Phoenix sold Monterosa Apartments, located at 3728 East Monterosa Street, in the Arcadia neighborhood of Phoenix to DRALA, LLC of San Francisco, California for $1,064,800 ($133,000 per unit or $158 PSF).

Monterosa Apartments is an 8-unit, garden-style multifamily community located in the sought after Arcadia neighborhood of Phoenix, near the Arizona Biltmore, Biltmore Fashion Park and Camelback Corridor. Built in 1964 and renovated in 2014, Monterosa Apartments is comprised of 2 two-bedroom / two-bathroom units of approximately 875 square feet, 4 two-bedroom / one-bathroom units of approximately 850 square feet and 2 two-bedroom / one-bathroom units of approximately 800 square feet. The buildings are constructed of block with flat… Read more

highwayWASHINGTON – As Congress considers legislation to avoid a shortfall of the Highway Trust Fund, Transportation Secretary Anthony Foxx and 11 of his predecessors offered the following open letter to Congress. In addition to Secretary Foxx, Secretaries Ray LaHood, Mary Peters, Norman Mineta, Rodney Slater, Frederico Peña, Samuel Skinner, Andrew Card, James Burnley, Elizabeth Dole, William Coleman and Alan Boyd all signed the letter. Their message: Congress’ work doesn’t end with the bill under consideration. Transportation in America still needs a much larger, longer-term investment.  The text of the letter is below:

This week, it appears that Congress will act to stave off the looming insolvency of the Highway Trust Fund. The bill, if passed, should extend surface transportation… 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.

Monday, the Dow Jones Industrial average fell 48.45 points, or 0.3%, to 17,051.73. The Standard & Poor’s 500 slipped 4.59 points, or 0.2%, to close at 1,973.63. The NASDAQ composite lost 7.44 points, or 0.2%, to 4,424.70.

Benchmark U.S. crude for August delivery rose $1.46 to $104.59 on the New York Mercantile Exchange. Brent… Read more

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