Sunday, August 20, 2017

Real Estate Daily News

CoreNet Global Arizona Explores Internet of All Things

PHOENIX, ARIZONA – The Internet has changed how industry – including the commercial real estate community – conducts business. At its next three events, CoreNet Global Arizona will explore how a connected world is transforming its interaction with the workforce. Part I, Transportation, is scheduled for Thursday, August 24, at Phoenix...

Real Estate Daily News Buzz Aug. 17, 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...

Real Estate Daily News

Mission Palms Apartment in Northwest Tucson Sells for $37.25 Million

TUCSON, ARIZONA -- Berkadia recently handled the $37.25 million ($103.472 per unit) sale of Mission Palms, a garden-style multifamily property located in Tucson, Arizona. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office represented both the buyer, ROC Senior Living, and the seller, Stoneweg...

Irgens Sells Shea Medical Plaza for $11.6 Million

Ohio Investor Expands Portfolio with Medical Office Building PHOENIX, ARIZONA --  Irgens Partners, LLC  has completed the $11.65 million ($275 PSF) sale of Shea Medical Plaza at 7425 E. Shea Blvd. in Scottsdale. The 42,439-square-foot medical office building was built in 1999.  Shea Medical Plaza is 100% leased and anchored by...

Real Estate Daily News

NAI Horizon Tucson negotiates $1.14M retail deal on 4th Avenue

TUCSON, ARIZONA – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office negotiated the $1.14 million ($194 PSF) acquisition of a 5,874-square-foot retail property at 522 N. 4th Ave., in Tucson. NAI Horizon represented the seller, Stan S. Katz of Encinitas, Calif., in the transaction. Doug Jones of...

NAI Horizon, NAI Martens negotiate $3.85M Okla. self-storage sale

PHOENIX, ARIZONA – NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $3.85 million ($6,672 per unit) sale of Reno Avenue Self Storage in Oklahoma City. Nunez and Wessel represented the seller, a regional self-storage owner/operator. Adam Slovis of...

Real Estate Daily News Buzz Aug. 16, 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...

Epic Real Estate Partners Buys Ventana Village for $21.55 Million

TUCSON, ARIZONA – Epic Real Estate Partners purchased Ventana Village, a 110,116-square-foot grocery-anchored neighborhood center at 6860-6920 East Sunrise Drive in Tucson, Arizona for $21.55 million ($196 PSF). Strategically positioned at the intersection of Sunrise Drive and Kolb Road, Ventana Village is 90.8% occupied and anchored by a high-performing Basha’s...

CBRE Completes Record Sale of a Pei Wei Ground-Lease in Phoenix

PHOENIX, Arizona – CBRE has completed the sale of a new Pei Wei ground-lease located at 10450 North 28th Dr. in a dense infill area of Phoenix. The 3,100-square-foot retail property is home to Pei Wei’s new prototype restaurant, which opened in December 2015. The restaurant commanded a sale price...

PACC recognized by Petco Foundation and Jackson Galaxy Foundation for innovative...

PACC received $5,000 grant on Aug. 14 to carry foster program forward PIMA COUNTY – Pima Animal Care Center has received a $5,000 award from the Petco Foundation to develop its lifesaving idea of matching at-risk pets with foster parents who live in settings like senior centers. The Petco Foundation...

Valbuena Institute Buys $1.3+ Million Medical Building

Scottsdale Psychiatry & Therapy Center Plans Expansion Phoenix, Arizona  –  The Valbuena Institute has purchased a medical office building at 9831 E. Bell Rd. for $1,321,936.00.  The institute will relocate its Valbuena Wellness Center to the property. “This property offered very convenient access to the Loop 101 and enables my...

Real Estate Daily News Buzz Aug. 15, 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...

Tucson Lease Report Aug. 7 – 11, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Aug. 4 thru Aug. 11, 2017. INDUSTRIAL – 5120 S Julian DR., TUCSON JUMP! Family Entertainment Center, an indoor bounce house and birthday party destination, leased 14,049-square-feet at 5120 S. Julian Dr., Suite...

Varsity Tutors Plans Opening Of National Contact Center With Help of...

Company has experienced 200+% employee head count growth in Phoenix in the last year. Phoenix, Arizona – Varsity Tutors, the live learning company that provides access to more than 30,000 experts on its platform, announced that it is significantly expanding its sales and customer support team and footprint in the...

Caterpillar Unveils design for New Building West of Downtown

TUCSON, ARIZONA -- Caterpillar this week unveiled the design of its new building that will be constructed west of Interstate 10. Architects showed neighbors the design for the three-story, 150,000-square-foot building, which will have a masonry base and copper or copper-inspired panels on top. The building, to be named...

Real Estate Daily News Buzz Aug. 14, 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...