SCOTTSDALE, AZ –  The Fincham Dempsey Team at Lee & Associates Arizona is pleased to announce the sale of the 56,439-square-foot Scottsdale Business Center, 13402 N. Scottsdale Rd., Scottsdale, for $7.3 million ($129 PSF). The 4.27-acre property is a potential redevelopment opportunity located in the prestigious Scottsdale Airpark. The team,...

TUCSON, Arizona -- D.R. Horton acquired the final 49-SFR lots at Rancho Resort II for $588,000 ($12,000 per lot) in Sahuarita, AZ. These two final takedowns were part of an option for a total of 61-lots exercised early by the builder for completion. The first takedown was in January...

PHOENIX, Arizona – On Thursday, June 15, at the Sheraton Mesa Hotel, 64 individuals graduated from the ABA-AGC Education Fund’s three apprenticeship programs, enabling them to be Heavy Equipment Operators, Heavy Equipment Diesel Mechanics and Electricians. “Graduating from the program means that these individuals hold journeyman status and will...

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, ARIZONA -- Office sales of smaller office buildings has been active lately, with market vacancies at a seven year low in Tucson. There has been $17.3.6 million in sales volume this quarter with $400,000 the median sale price and 3,538-square-feet the median building square-footage. William and Susan Daugherty purchased...

California Investor Expands Portfolio with Community Near Grand Canyon University Phoenix, Arizona – The La Palmilla apartments at 3838 W. Camelback Rd. in Phoenix have been sold to a California investor for $14.1 million ($52,809 per unit). “This property offers a strong location just three blocks from the rapidly expanding Grand...

Budget includes road recovery plan that raises $19.5 million for Countywide road repairs in first year PIMA COUNTY – The Pima County Board of Supervisors approved the final Fiscal Year 2017-2018 budget on Tuesday, June 20 by a 3-2 vote. The budget for Fiscal 2017-2018 totals $1,267,072,355 with a combined primary...

PHOENIX, Arizona – ORION Investment Real Estate is pleased to announce the sale of Bell Plaza, located at the signalized corner of 17th Avenue and Bell Road, for $3,275,000 ($229 PSF).  Bell Plaza is a 14,320-square-foot strip center, situated on approximately 1.41 acres. With ample on-site parking and visible monument...

Expansion projects along busy corridors to improve commutes, commercial travel. Projects will increase capacity on key commerce corridors including Interstate 10, State Route 189, US 93 and Interstate 17 under the Arizona Department of Transportation’s construction program covering fiscal years 2018 through 2022. On June 16, the State Transportation Board approved...

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, Arizona -- The Cushman & Wakefield | PICOR multi-family team of Allan Mendelsberg and Daniel Leibsohn have closed seven multifamily transactions recently representing an aggregate total of $9.99 million. The Tucson Multifamily market remains strong and one of the more attractive investment locations due to the increase in quality...

Phoenix – Daum Commercial Real Estate Services has negotiated the $5.925 million sale of two industrial buildings located in Tempe and Phoenix. Daum Phoenix Executive Vice President Rich Sica represented the buyer and seller in both transactions. In the first transaction, University Realty LLC, an affiliate of the ASU Foundation purchased...