Tuesday, July 16, 2019

Real Estate Daily News

Tucson Lease Report July 8-12, 2019

This week's lease report highlights a 6,400 SF industrial lease to Dish Network Services handled by CBRE of Tucson. The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 8 thru 12, 2019. INDUSTRIAL – 4261 S STATION MASTER DRIVE, TUCSON Dish Network...

Lincoln Property Company Signs WageWorks as First Tenant at Union

Class A office project at junction of Mesa, Tempe, Scottsdale breaks ground this summer MESA, Arizona – Before it is set to break ground, the first building at Lincoln Property Company’s Union Class A office project has signed its first tenant. WageWorks Inc. (NYSE: WAGE) has committed to a 150,000-square-foot...

Real Estate Daily News

Phoenix Trophy Asset at 24th and Camelback Trades

PHOENIX, Arizona – CBRE announced the sale of Camelback Esplanade III, a trophy Class A office tower located in the heart of the Camelback Corridor in Phoenix. A venture between Transwestern and an institutional partner acquired the 218,387-square-foot,10-story mid-rise office building. Barry Gabel, Chris Marchildon and Will Mast of CBRE...

Paragon Space Development Corporation® wins NASA SBIR Phase II Award for...

TUCSON, AZ – Paragon Space Development Corporation (Paragon) is now under contract to mature its Condensate Separator for Microgravity Conditions (COSMIC) technology. COSMIC is a full flow phase separation device that separates liquid condensate from air with low power draw and low pressure drop in the flow path while...

Real Estate Daily News

SVN’s downtown experts mark its 10th disposition totaling $17M in 2019

Phoenix, Arizona – Downtown Phoenix has been a trending and thriving commercial real estate market for over the last several months for SVN Desert Commercial Advisors who have closed over two dozen properties in the downtown Phoenix area over the last couple of years.  For advisors, Justin Horwitz and...

Russ Lyon Sotheby’s International Realty Welcomes Mother-Daughter Team of Judy Smedes...

TUCSON, Arizona – Russ Lyon Sotheby’s International Realty — Arizona’s leader in luxury real estate — is excited to announce Judy Smedes and Kate Herk, a top-performing team, have joined the Tucson office. Smedes and Herk — a mother-daughter team — have moved to Russ Lyon Sotheby’s International Realty’s from...

HonorHealth Celebrates Major Construction Milestone of New Valley Hospital

New Sonoran Medical Center will serve growing health and wellness needs of north Phoenix and Anthem residents PHOENIX, Ariz. – HonorHealth, a leading Valley healthcare system serving an area of 1.6 million people, brought together staff and community members today to celebrate the topping out of its sixth Valley hospital...

Monsoon rain means reduced adoption fees at PACC

Shelter offering weekly “forecasted” sale PIMA COUNTY –Pima Animal Care Center is loving the refreshing rain the monsoons bring, so each week during July will feature a different “forecasted” sale. Every Sunday, that week’s “forecasted” adoption special will be posted on PACC’s social media pages on Facebook, Twitter and Instagram. The...

South Dodge Business Center Industrial Building Sells for $1.3 Million to...

TUCSON, Arizona – The Rosenthal Trust (Rick Rosenthal, manager) purchased the industrial building at 2002-2044 E 14th Street in Tucson for $1.3 million ($57 PSF). The 22,273-square-foot building located in the South Dodge Business Center sold as a “value-add” investment and was purchased to reposition. The buyer was attracted to...

Fenway Capital Advisors Sells Valley Commerce Center

Cushman & Wakefield Negotiates $27.95 Million Sale to Denver Investor PHOENIX, Arizona – Cushman & Wakefield announced that Fenway Capital Advisors of Solana Beach, Calif. sold Valley Commerce Center, a multi-tenant office building located at 4745 and 4747 N. 7th Street in Phoenix. Denver-based Bow River Capital Partners purchased the...

Arizona’s New Chief Justice Robert M. Brutinel to Visit Pima County...

The Public is Invited to “Conversation with the Chief Justice” and Grand Opening of Juvenile Court Resource Center Pima County - On Thursday, July 11, Arizona’s new Chief Justice, the Hon. Robert M. Brutinel will spend the day at the Superior Court in Pima County.  Brutinel was sworn in as...

Richmond American Doubles Down at La Estancia with second acquisition in...

TUCSON, Arizona – Richmond American Homes acquired an additional 90 homesites at La Estancia, a Sunbelt Holdings’ master planned community in East Central Tucson for $4.96 million ($55,125 per finished lot) or $1,225 per finished foot frontage. La Estancia is a 565-acre residential community located along the I-10 corridor between...

Avondale Master-Planned Development Adds Top Builders to Roster

Shea Homes and Landsea Homes join phase one of 3,695-home Brookfield community AVONDALE, AZ. – Brookfield Residential (Arizona) has confirmed that Shea Homes and Landsea Homes have joined its roster of builders for phase one of its highly anticipated Alamar master-planned community in Avondale, Arizona. Shea and Landsea Homes are...

Pima County summer interns graduate July 12 from Courts Are Us...

Twenty-eight Pima County youth will participate in a mock-trial exercise followed by a graduation ceremony and reception on July 12 to celebrate the conclusion of their summer internships with various courts and justice agencies in Pima County. The public is invited to attend both events, showcasing what the students...

Sundt Completes Ina Road Interchange

TUCSON, Arizona – Sundt Construction, Inc. (www.sundt.com) and its joint venture partner Kiewit recently completed reconstruction of the Interstate 10 interchange at Ina Road in Tucson. Since January 2017, the joint venture team has worked to elevate the Ina Road interchange, widen I-10 and Ina Road, and replace the existing...

The Humane Society of Southern Arizona Appreciates Educators

20192TUCSON, AZ – The Humane Society of Southern Arizona (HSSA) is hosting a week-long celebration July 8th through July 14th to thank Tucson's educators. In appreciation of all the hard work our educators put into the community, and in celebration of our 75th Anniversary, HSSA is offering sponsored adoptions for...