Saturday, July 22, 2017

Real Estate Daily News

Students’ careers are taking off with Pima County One-Stop Career Center

Pima County One-Stop connecting youth to aviation technology field PIMA COUNTY -- The sky’s the limit for students in a Pima County-led program training them for STEM-related fields. Just ask Sabino High School graduate Cody Borgwald. “I’m a huge mechanical kind of guy, but I’ve seen the automotive industry really plummet,”...

NAI Horizon negotiates sale of self-storage facility in Camp Verde

PHOENIX, ARIZONA -- NAI Horizon Senior Vice President Denise Nunez negotiated the $640,000 ($3,636 per unit) sale of a self-storage facility at 603 N. Industrial Dr., in Camp Verde, Ariz. Nunez represented both the seller and the buyer. Kada LLP of Arizona sold the 20,134-square-foot, 176-unit facility, Anchor Mini Storage,...

Real Estate Daily News

Department of Labor awards grant to Pima County to assist homeless...

PIMA COUNTY -- The U.S. Department of Labor has awarded a $236,654 grant to Pima County to move homeless veterans into stable employment. The Homeless Veterans’ Reintegration Program connects active duty military veterans who are homeless with employment and training programs. The goal is to link vets to jobs with...

Arizona Unemployment Rate Remains Steady at 5.1%

Arizona’s seasonally adjusted unemployment rate released Thursday remained the same at 5.1% in June. The U.S. seasonally adjusted unemployment rate increased from 4.3% in May to 4.4% in June. A year ago, the Arizona seasonally adjusted rate was 5.3% and the U.S. rate was 4.9%. Over the Month Arizona lost 42,800...

Real Estate Daily News

Sam Hughes Place in Tucson Retail Sells at Auction for $2.58...

Tucson, Arizona – The ground floor retail space of Sam Hughes Place at the Corner sold recently at auction for $2.575 million ($160 PSF) to a Las Vegas investor, B33 Sam Hughes Place, LLC (Jahan Moslehi, manager). The sale was for the ground floor exclusively at 446 N Campbell Avenue...

West 101 Business Center Sold for $18.3 Million

Cushman & Wakefield Reps ViaWest Group in 115,853-Square-Foot Sale PHOENIX, Arizona – ViaWest Group and Cushman & Wakefield announced Wednesday the sale of West 101 Business Center, located at 1830-1850 N. 95th Avenue in Phoenix. Humphreys Fund I, LLC of Oklahoma City, Oklahoma purchased the property for $18.275 million ($154...

Two new Starbucks Under Construction in Tucson

TUCSON, Arizona -- La Cholla–OG, LLC (Neil Kleinman, manager) purchased the .85 acre parcel at the southwest corner of Orange Grove and La Cholla Blvd in Northwest Tucson for $610,000 ($16.45 PSF) from Little Group (Troy Little, member). The former Quik Mart corner is being redeveloped for a new Starbucks...

Tempe Office/Flex Business Park Trades for $10.2 Million in Investment Deal

TEMPE, AZ –  DeMuro Corporate Square, a 7-building business park totaling 88,837 SF at 1505-1575 W. University Dr., Tempe, has sold to a California investment entity for $10.2 million ($115 PSF). Occupancy was reported to be 92%. The transaction closed on June 30. Lee & Associates Investment Principals Steve Gonzalez,...

Real Estate Daily News Buzz July 20, 2017

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...

Watermark Retirement Communities Buys Land in Marana for $1.34M

MARANA Arizona -- Watermark Retirement Communities (David Barnes, president) is building a 108-unit assisted living and memory car facility at 8689 N Silverbell Road in Marana. The 3.99 acres located southwest of Silverbell and Continental Reserve Loop recently sold to Watermark Marana for $1.34 million ($7.70 PSF) from Salem...

Construction of Scottsdale’s New $25M Mixed Use Project Set for Summer...

SCOTTSDALE, Arizona – DBM Ventures and LGE Design Build have announced a massive $25 million, 53,000-square-foot mixed-use project to debut at the intersection of Scottsdale Road and Chauncey Lane, bringing with it a broad range of high-end retailers, restaurants and fitness centers alongside adjacent luxury residences. Scottsdale has no problem...

National Self Storage Breaks Ground on Dove Mountain Facility

Dove Mountain, Arizona — National Self Storage(National) broke ground recently on a new self storage facility in Dove Mountain, Arizona. The development will be the first modern, multi-story, air conditioned, class-A self storage facility at 12071 N Thornydale Rd. in Marana, AZ. “This is a nice neighborhood and we want...

U.S. Navy fires first Tomahawk cruise missiles from new submarine payload...

Upgrades to Virginia-class, fast attack subs will greatly enhance their firepower TUCSON, Arizona -- For the first time, the U.S. Navy test fired two Raytheon (NYSE: RTN)-built Tomahawk cruise missiles from new submarine payload tubes on the Virginia-class USS North Dakota (SSN-784). The tests, in the Gulf of Mexico near...

Real Estate Daily News Buzz July 19, 2017

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...

CBRE Negotiates Three Seasonal Tenants Totaling 53,764 SF in Tucson

Tucson, Arizona – CBRE has leased three retail spaces totaling 53,764-square-feet to seasonal tenant Spirit Halloween Superstores. Spirit Halloween Superstore, LLC will occupy 21,535-square-feet just east of Park Place Mall at the southwest corner of Broadway Boulevard and Wilmot Road. The landlord, K-GAM Broadway Wilmot, LLC, was represented by CBRE’s...

Investors Drawn to Phoenix Retail Properties Despite Slowing Absorption

Mid-Year Statistics Forecast Improvement in Retail Real Estate for Remainder of 2017 Phoenix, Arizona – Absorption of retail real estate in Greater Phoenix slowed during the second quarter, but investors were busy purchasing retail properties.  The mid-year retail research report released by Colliers International in Greater Phoenix forecasts improvement in...