Thursday, June 27, 2019

Real Estate Daily News

Hanley Investment Group Arranges Sale of $7.6M Retail Pad Building at...

Multi-tenant retail building occupied by The Habit Burger Grill, Tempur-Pedic, Pearle Vision and Blaze Pizza sells for $901 psf. GLENDALE, Ariz. - Hanley Investment Group Real Estate Advisors, announced tthat Executive Vice President Bill Asher and Vice President Jeff Lefko have arranged the sale of a multi-tenant, pad building shadow-anchored...

Two Owner User Units at Mesquite Corporate Center Change Hands

TUCSON, ARIZONA -- The River 5, LLC (Otto R Bohon, Jr., manager) purchased a 3,926-square-foot office condominium, Suite 208, located in Mesquite Corporate Centre, 1640 E. River Rd. in Tucson.  The class-A office condominium was purchased from the George and Jane Caughman Family Trust of California for $778,989 ($198...

Real Estate Daily News

EverWest and CarVal Investors Complete $46M Sale of The Circuit in...

Creative office redevelopment enjoys 100% occupancy with national credit tenants PHOENIX, Arizona – EverWest Real Estate Investors and CarVal Investors have completed the $46 million sale of The Circuit, a 185,000-square-foot adaptive re-use office project located at the intersection of the Loop 101 and Loop 202 in Tempe, Arizona. EverWest and CarVal...

Jose Dabdoub Joins C&W | Picor Office Team

Jose Dabdoub Brings Cross-Border Experience to C&W | PICOR Tucson Commercial Real Estate Team TUCSON, Arizona -- Formerly with Dabdoub Commercial, Jose Dabdoub joined Cushman & Wakefield | PICOR in June 2019, bringing over ten years of experience working in the Arizona-Sonora region. As a bilingual and bicultural real estate professional, Dabdoub...

Real Estate Daily News

County needs volunteers for trail building & restoration Work to benefit...

PIMA COUNTY – Pima County Natural Resources, Parks and Recreation needs volunteers to help build 2.5 miles of trails at the Painted Hills Trails Park and assist with ongoing restoration efforts at the Enchanted Hills Trails Park. Both trail systems are located on the west side of Tucson, bordering...

Multi-Million Dollar Investment Sale of Cooper Square in Gilbert, Arizona Completed

Gilbert, Arizona -- Velocity Retail Group’s Investment Division completed the $2,827,500 ($183 PSF) investment sale of two multi-tenant shops buildings totaling 15,463 square feet.  The buildings are located at 709 & 727 W. Ray Rd., Gilbert, AZ 85233 and are shadow anchored by Leading Edge Academy. Velocity Retail Group’s Brian...

Orange Grove I-10 Plaza One Lot from being “Sold Out” with...

MARANA, Arizona – Arizona Restoration Pros of Tucson (Paul Redman) purchased lot 9, a 24,059-square-foot lot, at Orange Grove I-10 Plaza for $140,745 ($5.85 PSF). The buyer plans to use the site for future construct of a building to be owner occupied by Arizona Restoration Pros, a company specialized in...

Weingarten Realty Investors Sells Laveen Shopping Center

PHOENIX, Arizona – On behalf of Weingarten Realty Investors, the capital markets team of Ryan Schubert and Michael Hackett of Cushman & Wakefield successfully closed the sale of Laveen Village Marketplace. A confidential buyer acquired the Fry’s Food & Drug anchored shopping center from Houston-based Weingarten Realty Investors. Laveen Village...

Water Back in the Santa Cruz River is a Big Deal...

TUCSON, Ariz. -- After two years of work, Tucson Water kicked off the Santa Cruz Heritage Project yesterday.   The river has been dry since the 1940s when excessive groundwater pumping lowered the water table and depleted the river’s source, but that's all about to change. Tucson Water held the official...

George Oliver Adds Partner, Hires Lead Architect as Market Footprint Expands

Charles Jerkovich, Jay Sciarani join growing commercial real estate development firm PHOENIX, Arizona – Phoenix-based commercial real estate investment and operating company George Oliver has hired Charles Jerkovich as a company Partner and Jay Sciarani as Lead Architect for George Oliver Design. The additions will allow George Oliver to grow and...

SVN Advisors finalize Elite program in New Orleans, LA

Phoenix, Arizona – SVN Desert Commercial Advisors in Phoenix, AZ. has been nationally recognized in the TOP 100 offices by SVN International Corp. month after month, year after year. Just last month, they were nationally ranked #6 out of all the SVN offices. Industry education, training, and workshops have...

Tucson Lease Report June 17-21, 2019

This week's lease report highlights two large industrial leases, new retail including a Tacos del Rancho and the first dance studio coming to Vail. The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 17 thru 21, 2019. INDUSTRIAL – 6908 E....

CALCAP Advisors Sells Phoenix Apartments for $25.1 Million to Canadian Investor

PHOENIX, Arizona – Cushman & Wakefield represented 4337 North 53rd Lane, LLC, an entity formed by CALCAP Advisors of Pasadena, Calif., in the sale of The Colony. WREF Colony, LP, an entity formed by Western Wealth Capital of North Vancouver B.C., Canada, purchased the property located at 4337 N....

Owner/User Historic Office Central Corridor Phoenix Sold

PHOENIX, Arizona – Located near the Central Avenue Corridor, one half mile south of Thomas Road and 7th Street, this 5,500-square-foot freestanding building sold for $735,000, or $134 per square foot. The property benefits from good exposure along 7th Street, with over 41,000 vehicles passing per day. Nick Miner, CCIM...

Sterling Real Estate Partners Continues Expansion in Phoenix with Villas De...

Sterling Continues to expand in Phoenix, Acquires 301-unit apartment project, Villas De Azul Apartments Phoenix, AZ –Sterling Real Estate Partners continues to expand in Phoenix, Arizona and has acquired the 301-unit Villas de Azul Apartments. Sterling has acquired over $100M in three transactions this year. Villas de Azul was built in...

Accelerated Development Services Adds Vice President of Construction Management

Phoenix, Arizona -- Accelerated Development Services is pleased to announce that Dave Lambert has been hired as the Vice President of Construction Management for the company.  A 25 year veteran in the construction arena, Dave’s experience includes commercial and multi-family experience for projects totaling over $205 MM. “As our project...