Friday, August 17, 2018

Real Estate Daily News

True Metal Solutions celebrates 5 years of providing exterior building solutions...

PHOENIX ARIZONA – True Metal Solutions, LLC, (TMS) a locally-established firm, is celebrating 5 years of providing exterior building cladding and thermal/moisture protection services to its clients in the Southwest. Founded by Owners and Managing Partners Mark Dillard and Eric Stiller, TMS specializes in a diverse array of exterior building...

P.B. Bell Welcomes Human Resources Director to Growing Team

Family-Owned MultiFamily Real Estate Firm Brings HR Veteran Erin O’Clair On Board PHOENIX, Arizona – P.B. Bell, a leader in multifamily housing development, management and acquisitions, recently added Erin O’Clair, a 15-year HR veteran, to its growing team as their director of human resources. In her new role, O’Clair is responsible...

Real Estate Daily News

NAI represents seller in $7.15M acquisition of Tucson self-storage facility

TUCSON, ARIZONA  – NAI Horizon Senior Vice President Denise Nunez represented the seller in negotiating the $7.15 million ($9,715 per unit) acquisition of Continental Ranch Self Storage in Marana, Arizona. Nunez also secured the buyer in the transaction. Nunez represented LPG Associates of Rohnert Park, Calif., in the sale of...

Madera Marketplace Outparcel Sells for $4.25 Million at Sahuarita Walmart Center

SAHUARITA, ARIZONA – WG Sahuarita Holdings, LLC an affiliate of Whirlygig Properties of Tucson (Lynn Taylor and Barry Kitay, principals) sold an outpad fully leased in the Walmart Center, 718 W Calle Arroyo Sur in Sahuarita. The buyer, Ace Properties #5, LLC of Tucson (Michael Adams, manager) was in...

Real Estate Daily News

Deer Valley Office Campus Sells for $21 Million

Cushman & Wakefield Negotiates Sale on Behalf of Adler Realty Investments PHOENIX, Arizona – Cushman & Wakefield announced that Libitzky Property Companies of Emeryville, Calif. purchased Corridors Phoenix, located at 1925, 2001, 2075 and 2095 W. Pinnacle Peak Road in Phoenix, from Adler Realty Investments of Woodland Hills, Calif. for...

Midvale GOODWILL Store and Donation Center Opens August 16th

TUCSON, Arizona -- The Grand Opening of Goodwill’s new Midvale Thrift Store location will be on Thursday, August 16th. Doors open at 8am at 1703 W. Valencia Rd. It will host a drive-up donation bay and beautiful new Job Connection Center that is Free and open to the public....

Four more advisors join nationally ranked #7 SVN Desert Commercial Advisors

Phoenix, Arizona  – SVN Desert Commercial just launched the first SVN Internship this summer, bringing in students from Arizona University schools to join the SVN team for the summer.  Simultaneously, SVN also brought on 2 new associate advisors who will be working fulltime at the brokerage.  In the transition...

Phoenix Investment Market Bounces Back in Second Quarter

Slow Start to Year Left Behind as Industrial and Office Sales Increase Phoenix, Arizona – Colliers International is reporting the Greater Phoenix investment market started off slow in 2018, but activity picked up in second quarter with momentum building in the office and industrial properties sectors. Sales velocities were mixed during the...

Oregano’s Pizza Bistro Ground Lease at The Landing Sells For $1.67...

TUCSON, ARIZONA – The ground lease for Oregano's Pizza Bistro at 4884 S Landing Way at the Irvington and I-19 Commercial Center, Tucson’s The Landing Shopping Center sold for $1.67 million ($53.40 PSF).  The 31,275-square-foot pad sold in this transaction. Built in 2017, the 3,520-square-foot building was already owned...

SVN’s Downtown Experts Close $1.6 million in Phoenix

Phoenix, Arizona – With the Arizona sun, sports arenas, shopping, dining, entertainment and the Roosevelt Row arts district, no wonder why Downtown Phoenix is booming.  New and established companies are flocking to grow and expand their businesses into the trending corridor where plush hotels and educational facilities surround the...

July 2018 Tucson Housing Statistics Released

Below are some highlights from the Tucson Association of Realtors / MLS July Residential Sales Statistics: Total Sales Volume of $347,114,173 is down 15.91% from June’s number of $412,805,427 but is up 16.84% from last year. The Average Sales Price of $253,924 is a decrease of .2.01% from $259,137...

McDonald’s and Franchisees Investing Approximately $120 Million in Arizona To Modernize...

Remodeled restaurants offer new technology and a more fun, modern experience PHOENIX, Arizona -- Tuesday, McDonald's announced that the company and its franchisees are investing approximately $120 million in Arizona throughout 2018 and 2019 on the construction and modernization of more than 200 McDonald's restaurants, transforming the customer experience inside...

Nick Potter Joins Barker Pacific Group

Former Managing Director of CIT Joins LA-Based Real Estate Firm Los Angeles, CA – Barker Pacific Group is pleased to announce that Nick Potter has joined the firm as Partner in charge of Capital Markets. Based in BPG’s Los Angeles headquarters office, Mr. Potter will oversee all capital raising requirements...

Arizona’s Sundt Construction Ranks No. 68 on America’s Largest Employee-Owned Companies...

TEMPE, Ariz. – Sundt Construction, Inc. (www.sundt.com) ranks No. 68 on the National Center for Employee Ownership’s Top 100 largest majority employee-owned company list. In 1972, Sundt established an Employee Stock Ownership Plan (ESOP) and today, the company is 100 percent employee-owned. An ESOP company is different from traditional types...

Canadian Investor Closes Complex Purchase of Midtown Office Space

Popular “Live Work Play” Lifestyle of Midtown Attracts Buyers Phoenix, Arizona – A portion of the office building at 3033 N. Central Ave. and its adjacent parking garage has been sold to a Canadian investor as its first Midtown Phoenix acquisition.  The buyer was attracted to the property because of...

Pima County prevails in World View incentive agreement lawsuit

PIMA COUNTY – Pima County Superior Court Judge Catherine Woods Monday ruled in Pima County’s favor in a lawsuit brought by the Goldwater Institute that alleged the county failed to follow various state laws when it entered into an economic development incentive agreement with World View, a near-space technology...