Saturday, February 17, 2018

Real Estate Daily News

DR Horton Joins Richmond American at Santa Cruz Meadows in Sahuarita

SAHUARITA, ARIZONA -- DR Horton, Inc. purchased 10 finished lots under a rolling option agreement for 93-lots from Tucson Land, LLC at Santa Cruz Meadows in Sahuarita. The price was $51,000 per lot for the 7,000-square-foot lots. DR Horton is the second builder at Santa Cruz Meadows along with Richmond...

Phoenix T-Mobile Sold for $1.85 Million

Cushman & Wakefield Negotiates Sale of Freestanding Retail Building PHOENIX, Arizona – Cushman & Wakefield completed the sale of T-Mobile, located at 4314 W. McDowell Road in Phoenix. Phoenix-based Sepmar LLC purchased the property from TK MCR LLC of Phoenix for $1.85 million ($617 PSF). Cushman & Wakefield Senior Director Chris...

Real Estate Daily News

A Potential Solution to Short-Term Rentals

OPED by Derek J. Pfaff In 2016, Governor Doug Ducey signed Senate Bill 1350, thereby preventing Arizona cities, towns and counties from prohibiting vacation and short-term rentals, and curtailing their ability to regulate such rentals.  These restrictions are found in A.R.S. §9-500.39, governing cities and towns, and A.R.S. §11-269.17, governing...

The EMPowerplay DEK Hockey Initiative – Coming to a TUSD School...

TUCSON, ARIZONA -- The Tucson Unified School District (TUSD) Board gave a unanimous green light to a donation being offered by EMPowerplay, the Arizona Coyotes and Tucson Roadrunners to build a multipurpose outdoor DEK rink at Doolen Middle School at its regularly scheduled meeting Tuesday evening. Mark Irvin, CCIM,...

Real Estate Daily News

NAI Horizon negotiates $1.129M sale of Chandler industrial building

PHOENIX, ARIZONA – NAI Horizon Senior Vice President Rick Foss represented the buyer in the $1.129 million sale of a 10,161-square-foot industrial building at 503-505 E. Boston Circle in Chandler, Ariz. NAI Horizon represented Pacific Desert, LLC of Phoenix in purchasing the industrial building that sits on almost one acre...

Tucson CCIM Real Estate Legends welcomes Si Schorr

TUCSON, ARIZONA -- Si Schorr was inducted into the CCIM Tucson Real Estate Legends Tuesday at the CCIM Annual Forecast Meeting. The induction takes place each year to honor those “legends” who have built the commercial real estate community in Tucson from its early beginnings. The following presentation was read...

Phoenix West Commercial Welcomes Sandra Griggs, Sr. VP Office / Retail

Avondale, AZ – Sandra Griggs has been a commercial real estate broker for over 30 years. Ms. Griggs has worked extensively with owners of new, planned, to-be-renovated and existing properties, parks and land—designing and implementing creative marketing programs to maximize the value of the real estate, secure the highest...

JANUARY 2018 Tucson Housing Statistics

The Tucson Association of REALTORS® (TAR) representing the interests of over 5,100 professionals in Southern Arizona as the voice of the real estate industry publishes month residential statistics on the housing market for metro Tucosn.  Details at www.tucsonrealtors.org. Below are some highlights from the January 2018 Residential Sales Statistics: ...

Tucson Multitenant Office Complex on Swan Road Sells for $700,000

TUCSON, ARIZONA -- The multitenant office building at 800 N Swan Road in Tucson sold to Lerdal 800, LLC (Swain Chapman of Chapman Management,  managing member) for $700,000 ($70 PSF). The seller was a Canadian investment group from Ontario. The 10,000-square-foot professional class B, office complex was built in 1982...

NOVO Development Completes First Building at CenterPoint Logistics Park

Service Center Building for EPCOR Completed in 10 Months Scottsdale, Arizona – NOVO Development (Kurt Rosene, Justin Miller & Stephen Hulston) has completed the first building at CenterPoint Logistics Park in El Mirage, AZ.  The build-to-suit facility was developed in just 10 months for EPCOR. Located at 8700 N. El Mirage...

C&W | PICOR Recognizes 2017 Standouts

TUCSON, ARIZONA -- Cushman & Wakefield | PICOR salutes its 2017 outstanding achievers who were honored at the company’s annual awards luncheon held at the Tucson Country Club on January 24, 2018. Firm leader Barbi Reuter recognized Rebecca Fuentes, SPHR with the “President’s Award for Excellence,” citing tremendous growth,...

Arizona Title Company First to Tap into Blockchain

Tucson-Arizona --  RealBlock, an Arizona based real estate blockchain company, is pleased to announce that Title Security of Arizona, has agreed to incorporate RealBlock’s blockchain enterprise into it’s day to day operation.  RealBlock expects to unleash the key attributes of blockchain on to the transaction-heavy real estate industry.  Blockchain...

Tucson Lease Report February 5-9, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Feb. 5 thru 9, 2018. OFFICE – 4892 N STONE AVE., TUCSON Tucson Physician Group Holdings leased 12,380-square-feet of office space at 4892 N. Stone Avenue. David Montijo and Damian Wilkinson of CBRE...

Lina Home Furnishings Leases Ahwatukee Big Box

Phoenix, Arizona --  Velocity Retail Group’s Brian Gast has leased a 37,343-square-foot vacant big box to Lina Home Furnishings.  This will be the 4th location in the Valley for this successful furniture chain.  The store is located at the southwest corner of Ray Road and 48th Street in the...

Footprint LLC Relocates Corporate HQ to Park Lucero

Phoenix Sustainability Firm Signs 131,796 SF Full-Building Lease Gilbert, AZ – Trammell Crow Company (TCC) and partner Artis REIT announced that Footprint LLC (Footprint), a sustainable technology firm, has signed a long-term, full building lease to occupy Park Lucero Phase II, a Class A, speculative industrial building comprised of 131,796-square-feet. As...

Vacant Fry’s Big Box Sold to Simon CRE in Apache Junction,...

Phoenix, Arizona -- Velocity Retail Group has sold a vacant Fry’s Food & Drug store at the southwest corner of Apache Trail and Idaho in Apache Junction. Fry’s recently expanded and relocated to the northeast corner of the same intersection with a new Marketplace concept. The 62,602-square-foot vacant big...