Saturday, August 27, 2016

Real Estate Daily News

Tucson Industrial Warehouse Sells to Aire Filter Products

Chispas, LLC of Chandler, Arizona (Branden Sparks, manager) purchased an 18,550-square-foot industrial warehouse located at 850 and 860 East 17th Street in Tucson. The property was commanded a sale price of $840,000 ($45.28 PSF) from the Norman F Thomas and Mary Lucille Thomas Trust, and Alfred and Louise Thomas...

Glendale Apartment Community Closes for $15 Million

Phoenix, AZ – ABI Multifamily, Arizona’s largest locally operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $15 million ($44,643 per unit) sale of the Country Creek Apartments, a 336-unit Glendale apartment community located in Glendale, Arizona. Located in the South Glendale Submarket, Country Creek is...
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Real Estate Daily News

Tucson #3 in Job Growth Cities on Bloomberg’s List

Bloomberg reports that with an economy that some believe is marching towards full employment, annual job growth nationally is slowing down. But some cities in the south and west of the country — where labor markets are coming from a lower base — are currently in the throes of strong headline job...

US Army awards Raytheon Long Range Precision Fires risk mitigation contract

New surface-to-surface missile will give ground troops superior capability against long-range targets TUCSON, AZ -- The U.S. Army has awarded Raytheon Company (NYSE: RTN) a $5.7 million risk-mitigation contract for the Long Range Precision Fires program.  The new missile will replace the Army's aging inventory of long range, surface-to-surface missiles. Fired...

Real Estate Daily News

Real Estate Daily News Buzz Aug. 24, 2016

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...

QuikTrip Tucson Assembles Acreage at Fort Lowell & Alvernon for $2.53...

After two years of negotiations and three transactions, QuikTrip has completed the assemblage of 2.47 acres (107,779 SF), a full city block, at the northwest corner of Fort Lowell and Alvernon Way in Tucson. Desert Streams & Waterfalls, Inc. (Michael Coffey, president) sold its 40,963-square-foot contractor yard, with a 666-square-foot...

Superior Asset Quality Drives Phoenix Industrial Sale

JLL completes $56.2 million sale of Goodyear Crossing II PHOENIX, AZ– As investment grade tenants continue to see the value of locating in Phoenix, investors are seeking out the market’s high-quality industrial assets. On behalf of Gramercy Property Trust, JLL’s Capital Markets experts announced Monday the firm facilitated the sale...

Former Truck Dealership sells for $2.786 million in Phoenix

PHOENIX, ARIZONA - NAI Horizon Senior Vice President Isy Sonabend represented the buyer in the $2.786 million ($58 PSF) sale of a former truck dealership and repair facility at 2600 W. McDowell Rd., in Phoenix. NAI Horizon represented 2600 W. McDowell, LLC, in the acquisition of the 48,000-square-foot building that...

UA Eller College Graduate Brooke Hinkel joins SVN | Desert Commercial...

Phoenix, Arizona – Desert Commercial Advisors has announced that University Of Arizona graduate has joined the SVN retail team in Phoenix as a new Associate Advisor. Brooke will be working with Associate Broker, Shari Tucker in the retail division at SVN where she will be focusing on tenant representation,...

Real Estate Daily News Buzz Aug. 23, 2016

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...

Tucson Lease Report Aug. 15 – 19, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from August 15 thru 19, 2016. OFFICE – 6565 E. CARONDELET DR., TUCSON Arizona Endovascular Center, PLLC renewed their lease for 7,337-square-feet of medical office space at 6565 E. Carondelet Dr., Suite 235 in...

Phoenix Lease Report Aug 15 – 19, 2016

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from August 15 thru 19, 2016 RETAIL – 1290 N. SCOTTSDALE RD., TEMPE A retail lease for 8,041-square-feet within Rio Salado Center at 1290 N. Scottsdale Rd in Tempe, AZ to Ombudsman Charter School...

Cadden Community Management wins Oro Valley Chamber Award

Locally owned homeowner association management company Cadden Community Management won the 2016 Mid-sized business award at the August 18, Greater Oro Valley Chamber of Commerce Annual Meeting and Pinnacle Awards breakfast. The event was held at the Hilton El Conquistador in Oro Valley and celebrates members of the Chamber...

San Francisco Tech Company Zenreach Signs Lease at Biltmore Center

ViaWest’s Camelback Corridor Property Attracts Tech Leader with Plans to Hire 350 in Phoenix Phoenix, AZ — Zenreach, a San Francisco-based technology company, will open its first major office outside of its headquarters at Biltmore Center, 2390 E. Camelback Rd.  The company plans to employ approximately 350 people at the...

Real Estate Daily News Buzz Aug. 22, 2016

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...

Monarch Enters Arizona Multifamily Market with $47.5 Million Tucson Purchase

Hamilton Zanze & Company of San Francisco  (Mark Hamilton, CEO) sold five apartment complexes with a total of 1,004-units to Monarch Investment Management Group “Monarch” of Franktown, CO (Andy Newell, CEO) for $47.5 Million ($47,311 per unit). The properties sold in a bulk portfolio sale. The properties included four in...