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Tucson commercial real estate

201 S Stone Ave ASR

Parking lot downtown Tucson

DOWNTOWN TUCSON

Stone Avenue Homes LLC, an affiliate of Holualoa Companies (Michael Kasser, president), closed on commercial land, a downtown parking lot, at the southeast corner of Stone Ave and Ochoa Street in downtown Tucson for $1.042 million ($50.84 PSF). The 20,490-square-foot parking lot was purchased for development of row housing from De La Warr Investment Corporation of Tucson, an affiliate of Arizona Autoparks. (Geoffrey Shepard, president).

Details of the project, including number of units, was not available at time of publication. Evan Eglin of Eglin + Bresler Architects in Tucson is working on the initial plans and should know more next week.

Holualoa Companies is a real estate investment firm headquartered in Tucson, focused on… Read more

5820 South Nogales Hwy, Tucosn

5820 South Nogales Hwy, Tucosn

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The office building at 5820 S Nogales Hwy in Tucson sold for

 

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Lasertel, 7775 N Casa Grande Hwy, Marana (courtesy photo)

Lasertel, 7775 N Casa Grande Hwy, Marana (courtesy photo)

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Rivendell Properties LLC et.al., affiliates of Bond Commercial Properties purchased the manufacturing facility at 7775 N Casa Grande Hwy. in Marana as a triple net sale commanded

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3701 S Avenue 3 1/2 East, Yuma

3701 S Avenue 3 1/2 East, Yuma

Gramercy Property Trust Inc. of New York (NYSE:GPT), a real estate investment trust, has closed on the acquisition of an approximately 220,000 square foot food-grade cold storage and distribution facility located at 3701 S Avenue 3 ½ East in Yuma, Arizona. The sale price reported was $17.85 million ($81 PSF).

Yuma County boasts the longest growing season in the country and is where 90% of the nation’s leafy vegetables are grown from November through March. The building is 100% leased through September 2033 to Eastbound Farms, the leading organic food company in North America.

Built in 2001, the property had expansions added in 2004 and 2006, with 43 dock-high doors with levelers, locks,… Read more

3570 s dodge blvdFrontier Towing, a locally-owned and operated business, purchased the property at 3570 S Dodge Blvd in Tucson for $500,000 ($45 PSF). The 11,200 sq. ft. building (built 1983) on 1.7 acres was purchased for expansion of the buyer’s adjacent business at 3630 S Dodge Road in Tucson. The property had been vacant for about 18 months when it was sold by James LaDuc of Tucson.

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Maracay Homes, an Arizona-based home builder took down the first of 54-lots at Tortolita Vistas this week. This first takedown was for 7 lots at $160,000 per lot, or $1.12 million. The lots are oversized lots and will allow Maracay to have a model ready here for early next year.

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Tortolita Vistas

Tortolita Vistas

 

 

 

2494 E River Rd, Tucson - Real Estate Daily News

2494 E River Rd, Tucson – Real Estate Daily News

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NORTHEAST SUBMARKET
Smile Spa dental office at 2494-2498 East River in Tucson transferred to Dr. Manu Alexander from the retiring Dr. Mickel Malek for

 

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Ron Zimmerman

Ron Zimmerman

 

Cushman & Wakefield | PICOR, Tucson’s leading independently owned, full-service commercial real estate company, boosted its brokerage group with Ron Zimmerman joining this week. A 30-year Tucson commercial real estate veteran, Zimmerman was most recently with Newmark Grubb Knight Frank where he was top producer.  While at Newmark Grubb Knight Frank,  Zimmerman managed the disposition of hundreds of industrial, retail and office properties in Southern Arizona.

He has also worked with various districts of the U.S. Bankruptcy Court to liquidate commercial properties. Zimmerman continues to represent financial institutions in the disposition of commercial properties as well as investors searching income properties. Zimmerman will also continue to serve his numerous clients as landlords… Read more

These five owner/ user retail sales in Tucson, listed by submarket, have a combined total of $1.6 Million. Only one was a distress sale. All represent business owners who decided it time to take the leap into property ownership.

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3460 N Oracle - Real Estate Daily NewsThe retail sub-sector is showing some real signs of life. For investors, it could finally be time to bet on that beleaguered strip mall. After getting trounced during The Great Recession, the retail real estate space spent much of the last two years floundering with the retail sub-sector seeming to have been left behind. However, things are finally turning around for the market as evidenced by these three deals.

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