Sycamore Canyon II showing new school site (Click to enlarge)
Sunbelt Holdings (Bob Bambauer, Vice-President) bought 401 platted and engineered lots in Sycamore Canyon Phase II for $3.3 million ($8,229 per lot). Nestled near the base of the Santa Rita Mountains, Sycamore Canyon is a remarkable master-planned community offering a perfect blend of solitude, natural beauty, and convenience in the Vail School District. The 401-lots consists of (150) 70 ft., (87) 80 ft. lots and the balance ranging from 10,000-square-feet to under half acre estate lots located in southeast Tucson, west of Houghton Road and south of Sahuarita Road at Harrison.
The seller and developer, PSP Ventures LLC, an affiliate The Remington Group of Tucson (Jamie Argueta, manager) donated approximately… Read more
Alante (courtesy photo)
PHOENIX, AZ – P.B. Bell, a leader in multi-family housing development and management, is marking the one-year anniversary of its biggest acquisition by celebrating improved occupancies stemming from the completion of major renovations within the seven-property portfolio. The acquisition, which closed in July of 2014, included nearly 2,800 apartment units in complexes throughout metropolitan Phoenix. The transaction represented the largest in company history and one of the largest sales in the Phoenix multi-family housing market since the economic downturn reset the real estate industry in 2008.
Since taking ownership of the seven properties in Chandler, Mesa, Phoenix and Glendale, occupancy rates have increased by up to 8 percent and have reached an overall average of… Read more
Commentary co-authored by Arizona Representatives Martha McSally, Trent Franks, David Schweikert, and Matt Salmon about the importance of stopping a bad Iran deal.
We’re realists, and the evidence for our position is clear.
In a March letter to President Obama, 367 members of Congress underscored components of a successful negotiation: the agreement should extend multiple decades, contain a dramatic reduction in centrifuge capacity, provide intrusive inspection and verification measures and include a full disclosure of Iran’s past efforts to build a nuclear weapon. This deal fails in all four areas.
This deal does not prevent Iran from obtaining a nuclear weapon; it merely slows the process — and that’s assuming they don’t cheat. Iran will have absolute freedom to build… 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 of the day will be.
Monday, the Dow Jones industrial average lost 127.94 points, or 0.7%, to 17,440.59. The Standard & Poor’s 500 index fell 12.01 points, or 0.6%, to 2,067.64. The NASDAQ composite declined 48.85 points, or 1%, to… Read more
Tucson Lease Report
The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 20 thru 24, 2015.
RETAIL – 7955 E. BROADWAY BLVD., TUCSON
Mattress Firm, Inc. leased 4,800-square-feet in Tucson Marketplace Shopping Center at 7955 E. Broadway Blvd. in Tucson from Broadpan Properties, LLC. Aaron LaPrise and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and Michael Clark with Velocity Retail Group, represented the tenant in this transaction.
OFFICE – 1880 E. RIVER RD., TUCSON
ARC Therapy Services, LLC, dba Brookdale Home Health Tucson, leased a 2,920-square-foot office building at 1880 E. River Rd. in Tucson from Cambric Partners. Tom… Read more