Stone Avenue Standard, 1800 N Stone Ave, Tucson
1800 North Stone, LLC of New York, NY (Oliver Swan) a joint venture with Texla Housing Partners of Texas purchased the student apartments at 1800 N Stone Ave in Tucson for $6.725 million ($98,897 per unit) or $30,022 per bed.
Known as Stone Avenue Standard, the 68-units and 224-beds units is 96,603-square-feet in five buildings (built 2003) on 3.53 acres.
Located only 1.5 miles to the University of Arizona Campus. The units consist of two-, three- and four-bedrooms units. Amenities include a new private shuttle service and property upgrades such as a 24-hour resident lounge, surround sound in the pool area and more. Apartments include individual leases, washer & dryers, high… Read more
Siena Apartments, 4520 E Baseline Rd, Phoenix, AZ
PHOENIX, AZ– P.B. Bell, a leader in multi-family housing development, management and acquisitions, has acquired the Siena Apartments in Phoenix in a joint venture purchase with New York City-based Stonecutter Capital Management LLC.
P.B. Bell and Stonecutter Capital Management purchased the 352-unit community from Siena Baseline Partners LLC for just over $31 million ($88,068 per unit). Cindy and Brad Cooke of Colliers International in Phoenix brokered the deal. Chicago-based NXT Capital LLC financed the sale. Prior to the sale, P.B. Bell managed the community.
“Siena presented an excellent acquisition opportunity for P.B. Bell, one that offered all the hallmarks of a community where we would like to have… Read more
SCOTTSDALE, AZ – Commercial real estate developer SimonCRE continues rapid growth with the recent hire of Carl Wood as Acquisition and Leasing Manager to assist with the site selection responsibilities of SimonCRE’s growing portfolio of retail projects.
SimonCRE currently has over fifty projects in the pipeline valued at over $100 million, creating thousands of jobs across the country. The projected total transactional volume will surpass $140 million in 2016. There are seven projects currently under construction in three different states.
Wood will work closely with the project managers performing due diligence as it pertains to site selections across the country for SimonCRE’s expanding portfolio of national clients. He will prepare and negotiate contracts, research… Read more
Radisson Blu Hotel
While U.S. Cities are on the Rise, Americans Get Bargains Abroad
For the first time, hotel prices paid in three world regions have overtaken their pre-financial crisis levels of 2008/2009, with North America, the Caribbean and Latin America setting new records although the overall global rise is up just 1% in the first half of 2015 compared to the same period in 2014 according to the latest Hotel Price Index™ (HPI®) from Hotels.com®. More travelers, higher consumer spending in key areas and strong currency fluctuations have all contributed to this result. For the U.S. in particular, hotel prices rose steadily, with an overall 2% increase paid by worldwide travelers the first half of the year.
The HPI… Read more
Real Estate Daily News Buzz – business perspectives, real estate, government, the Fed, local news, and the stock markets
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 time. Here you will find the headlines and what the news buzz of the day will be.
Wednesday, the Dow Jones industrial average added 293.03 points, or 1.8%, to 16,351.38. The Standard & Poor’s 500 rose 35.01 points, or 1.8%, to 1,948.86. The NASDAQ composite gained 113.87 points, or 2.5%, 4,749.98.
U.S.… Read more