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Real Estate Daily News
Churchill Commercial Capital funds $6.85 Million on 3 flex industrial buildings
Churchill Commercial Capital, Inc. (CCC), has recently funded three permanent loans on three individual flex industrial buildings in the Scottsdale Airpark. The combined loans of $6,850,000 replaced an existing bank note. New funding was provided through one of CCC’s correspondent life insurance companies The loans featured interest rates in...
Phoenix office market absorption hits 10-year quarterly high
Q1 JLL Office Report denotes more than 1 million square feet absorbed since first of year
PHOENIX, Arizona – According to JLL’s Q1 Phoenix Office Market Report, metro Phoenix has absorbed more than 1 million square feet of office space since the first of the year – a quarterly high...
Real Estate Daily News
Tucson Industrial Realty Handles Sale of Two Tucson Industrial Buildings
TUCSON, Arizona – Dave Gallaher, CCIM, of Tucson Industrial Realty has announced the closing of 4625 South 3dr Avenue in Tucson for $850,000 ($36.80 PSF) for the sellers, James and Patricia Novak to Howard Tran, the buyer.
Seller was motivated since having sold the business ACS International, formerly known as...
Clear Sky Capital Sells Scottsdale Apartments for $26.15 Million
Cushman & Wakefield Negotiates Sale of 164-Unit Value-Add Apartment Community
PHOENIX, Arizona – David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented an entity formed by Phoenix-based Clear Sky Capital, LLC in the sale of Tatum Place, located at 16801 N. 49th Street in Scottsdale, Ariz. Tatum Investment Partners,...
Real Estate Daily News
President Signs Drought Contingency Plan Legislation
PHOENIX, ARIZONA – President Donald Trump today signed legislation formalizing the Drought Contingency Plan (DCP) — a crucial step toward full implementation of the agreement to conserve more water in the Colorado River system. The legislation directs the Secretary of the Interior to adhere to the agreements previously adopted...
ORION Leases and Sells North Scottsdale Retail Development
SCOTTSDALE, Arizona – ORION Investment Real Estate comes full circle with a newly developed retail center in North Scottsdale. Selling off market for $6.15 million ($430.67 per-square-foot), the grocery-anchored development traded at a low 6% cap rate with a rent guarantee on the last vacant space. The 5-tenant building...
Highway Hounds: Pima Animal Care taking dogs to Utah pet sanctuary
PIMA COUNTY – Pima Animal Care Center will relieve overcrowding at its shelter by taking about a dozen dogs to the Best Friends® Animal Sanctuary in Kanab, Utah. The pets hit the road Wednesday at 6:30 in the morning. The sanctuary is home to nearly 1,600 homeless animals. PACC’s...
Tucson Lease Report April 8-12, 2019
The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 8 thru 12, 2019.
INDUSTRIAL – 6630 S. MEMORIAL PLACE, TUCSON
Wal-Mart Stores East, LP renewed a lease for a 70,000-square-foot warehouse space located at Century Park 6630 South Memorial Place...
Q1 2019: Office Market Off & Running
Phoenix, Arizona -- Colliers International of Greater Phoenix is reporting, fresh off a banner 2018, Phoenix saw continued growth in the first quarter. During the 12-month period ending in February, preliminary estimates show that employers added nearly 64,300 net new jobs, an increase of 3.1 percent which places Greater...
State Treasurer Kimberly Yee in Tucson to Speak on the Importance...
TUCSON, ARIZONA -- Earlier this month, Arizona State Treasurer Kimberly Yee issued a proclamation recognizing April 2019 as Financial Literacy Month in the State of Arizona. Yee signed the Financial Literacy Month Proclamation after reading Curious George Saves His Pennies by H.A. and Marget Rey to a class of...
Spring Update on North Marana Housing Market
North Marana comes into its own
If you haven’t stopped in the North Marana area in the past 5 years, it’s worth a closer look. This area, which is located just west of I-10 northwest of Tucson, is showing some of the best activity in the region and there are...
Vestis Group Negotiates Hard Corner Ground Lease for Bikini Beans Coffee...
Vestis Group negotiated a 30-year ground lease for Bikini Beans Coffee, at the intersection of Country Club and Guadalupe, in Mesa, Arizona.
Phoenix, Arizona – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the completed ground lease for Bikini Beans Coffee, along Mesa’s Country Club...
Oro Valley Economic Development Highlights and When and Where to find...
The Town of Oro Valley Development Services is reporting in March 2019 there were 23 Residential permits pulled. The following new businesses and / or new projects are also moved into the Town for March:
Mountain View Plaza (1171 E. Rancho Vistoso Blvd./Bank of the West)
Northwest Tucson Bridge Club,...
Meridian Repositions and Recapitalizes Historic Medical Office Building in Phoenix
PHOENIX - Meridian, a full-service commercial real estate developer and owner of medical real estate, is pleased to announce that it has completed the renovation and repositioning of Grunow Memorial Medical Center, a landmark 53,000-square-foot, two-story, medical office building located at 926 East McDowell Road in Phoenix, Arizona. Once...
Pima Animal Care Center clinic in need of fosters
Shelter seeing increase in number of pets
PIMA COUNTY –Pima Animal Care Center staff needs fosters to help them care for the greatest number of pets they’ve seen in months. The shelter is housing about 400 dogs and 100 cats. That number is expected to increase as the shelter sees...
La Estancia Spring Celebration Event, Saturday April 13
Grand Opening of Lennar Homes models, food trucks, music, kid’s activities and Easter Bunny visit
TUCSON, ARIZONA -- La Estancia will be celebrating the opening of Lennar Homes’ new home neighborhood and models at the La Estancia Spring Celebration event from 12 p.m. to 3 p.m. on Saturday, April 13.
The...
