Sunday, February 17, 2019

Real Estate Daily News

Modern I-10/Ina Road interchange nearing completion in Marana

Technology just one way ADOT project is improving mobility MARANA, Arizona – When the new interchange at Ina Road and Interstate 10 in Marana opens in the coming weeks, it will include state-of-the-art technology helping Arizona Department of Transportation engineers adjust signals to keep traffic flowing. Work on the $128 million...

No Slowdown in Site for Tucson Multifamily Sales – Sierra Pointe...

TUCSON, Arizona – Two multifamily apartment deals totaling 145-units and an aggregate sale price of $8.4 million sold in the first month of 2019.  Multifamily property sales are expected to continue to be a preferred investment with no slowdown in site for Tucson. Colorado investors, Hung N Tran and Nina...

Real Estate Daily News

Scottsdale Airpark Industrial Warehouse Development Sold for $16.48 Million

Cushman & Wakefield Sells Class A Multi-Tenant Warehouse/Showroom PHOENIX, Arizona – Cushman & Wakefield completed the sale of North Hayden Commerce Center, located at 14000 N. Hayden Road in Scottsdale, Ariz. Hayden Center Investments purchased the property from New York-based 14000 N. Hayden Road, Scottsdale, LLC (a company formed by...

1,400-acre CenterPoint Logistics Park in El Mirage Lands Steel Plant

Cives Steel Corporation Purchases 25 Acres for 150,000 Square Feet of Manufacturing Phoenix, Arizona – John F. Long Properties (Jacob F. Long) and NOVO Development (Kurt Rosene, Justin Miller & Stephen Hulston)  have completed a 25-acre land sale to Cives Steel Corporation, marking a significant launch for their CenterPoint Logistics...

Real Estate Daily News

Todd DeHaven Named Vice President of Operations for Ross Brown Partners

Scottsdale, Arizona --  Todd DeHaven has been named vice president of operations for Ross Brown Partners, Inc.  DeHaven brings extensive experience in transformational business leadership involving strategy, collaboration and technological advancement. “Todd ‘s incredible track record developing innovative programs impressed us from the start,” says Curtis Brown, founding principal with...

California Investor Trades into ADP Building at Williams Centre fore $11.025...

TUCSON, ARIZONA -- ADP building located in Williams Centre, 5452 East Williams Boulevard, traded to Allegretti & Company, Inc., out of Chatsworth, California for $11.025 million ($222.53 PSF). The class-A office building is 100% occupied by Automatic Data Processing (ADP). Allegretti & Company (Joe Allegretti, President) was in a 1031...

8th Ave Shops in Mesa Sells for $6.9M to local investor

Phoenix, Arizona – Shopping Centers is another area of commercial real estate that SVN Desert Commercial Advisors covers.  Director of Retail Leasing & Sales Investments, Rommie Mojahed and Senior Advisor Beau Flahart represented the shopping center owner in the transaction.  The property sold for $6.9 million ($92.48 PSF) to...

Country Markets at Canoa Ranch extended through May 30

GREEN VALLEY, ARIZONA -- A trial run of weekly “Country Markets” at Green Valley’s Historic Canoa Ranch was such a success that organizers will continue the events through May 30. Visitors will find artisans, vendors, food trucks and more will be on hand each Thursday from 9 a.m. to 2...

West Valley leads the pack as annual Phoenix industrial sales nearly...

$1.8 billion in 2018 sales reflect high volume, strong fundamentals, large developments  PHOENIX, Arizona – Total Phoenix industrial sales volume hit $1.8 billion in 2018, nearly double the sales volume achieved in 2017 for local owner-user and investment flex and industrial product above 10,000 square feet, according to JLL’s Q4...

Liv Communities opens Valley’s newest senior living community, LivGenerations Pinnacle Peak

TEMPE, ARIZONA ‒ Liv Communities is expanding its footprint in the Valley with the opening of its third senior living community, LivGenerations Pinnacle Peak. A grand opening ceremony is scheduled for Feb. 28 at the $40.5 million, 110-unit property at 23733 N. Scottsdale Rd., in Scottsdale. Liv Communities has senior...

Northwest Exterminating Expands at the Shamrock Center in Tucson

TUCSON, ARIZON -- Northwest Exterminating and Northwest Landscaping purchased a 2800-square-foot industrial building and 1.33 acre of vacant excess land in Shamrock Center for an aggregate total of $905,000. The company already occupies the building at 4645 N Shamrock Place and purchased the properties for expansion. The building at 1771...

California Investor Acquires Second Metro Phoenix Multifamily Community for $26.5M

PHOENIX, Arizona –– CBRE has brokered the sale of The Wexler, a 219-unit multifamily community in central Phoenix for $26.5 million ($121,000 per unit). Brian Smuckler, Jeff Seaman and Bryson Fricke represented the seller, 3030 N. 7th Street, LP, an affiliate of Austin-based Pennybacker Capital, and the buyer, Wexler Partners,...

Sundt Earns Mining Industry Partnership Award

TUCSON, Ariz. –Sundt Construction, Inc. (www.sundt.com) recently was honored with the Industry Partnership Award from the Mining Foundation of the Southwest at the 36th American Mining Hall of Fame Awards Banquet in Tucson, Ariz. “Sundt is honored to be recognized by the Mining Foundation of the Southwest as a key...

CBRE Completes Sale of N.O.A.H Medical Office in Glendale, Ariz.

Phoenix, Arizona – CBRE has completed the sale of a 6,162 square-foot medical office building located in the Brookside Office Park at 11851 North 51st Avenue, Building B, in Glendale, Ariz. The property commanded a sale price of $2.195 million, or $356 per square foot. The building is 100 percent...

Tucson Lease Report Feb 4 – 8, 2019

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Feb. 4 thru 8, 2019. INDUSTRIAL – 2301 S FRIEBUS AVE., TUCSON Heating and Cooling Supply, LLC renewed their lease for a 28,500-square-foot industrial space located at 2301 S. Friebus Avenue with Friebus...

WellCare Health Plans, Inc. Signs Lease at Two Gateway Center

PHOENIX, Arizona – Cushman & Wakefield has announced that WellCare Health Plans, Inc. signed a 10-year, 81,306-square-foot lease at Two Gateway Center. The national health insurance tenant executed a long-term lease worth $23 million will occupy three floors at 432 N. 44th Street in Phoenix. On behalf of WellCare Health...