Tuesday, August 30, 2016

Real Estate Daily News

Real Estate Daily News Buzz Aug. 30, 2016

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. 22-26, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from August 22 thru 26, 2016. OFFICE – 4601 E. BROADWAY BLVD., TUCSON Community Behavioral Health Properties of Southern Arizona, LLC leased 12,358-square-feet of office space at 4601 E. Broadway Blvd. in Tucson, from...
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Real Estate Daily News

Phoenix Lease Report Aug. 22-26, 2016

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from August 22 thru 26, 2016 RETAIL – 15602 N 35th AVE., PHOENIX A lease for 3,222-square-feet in The Palms Shopping Center to Filibertos was recently consummated.  The location of the property is 15602...

Rancho Vistoso Neighborhood reaches ‘100 Homes Sold’ Milestone in 200 Days

Maracy Homes’ Oro Valley Community offers snapshot of industry’s record breaking growth ORO VALLEY, AZ – Since opening just seven months ago, Scottsdale-based Maracay Homes’ Center Pointe Vistoso community in Oro Valley has sold an average of one home every 48 hours (100 homes in 200 days), reflecting the submarket's...

Real Estate Daily News

ABInsight | An Unusually, Unusual Market

By: Thomas M. Brophy, Director of Research, ABI Multifamily Let’s begin with a few quotes: “There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There...

Real Estate Daily News Buzz Aug. 29, 2016

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...

Macayo’s Sells for $1.5M to be rebranded Guadalajara Original Grill North

The Macayo's Mexican restaurant building at 7360 N Oracle Road in Tucson sold for $1.5 million ($186 PSF) to JML Property LLC (Emma Vera, manager) of Tucson, the owner of Guadalajara Original Grill. The 8,065-square-foot building sits on .84 acres located north of Ina on Oracle Road in the Catalina...

Providence Homes buys 36 Partially Improved Lots at the “Commons at...

City of Phoenix / Laveen / South Mountain – Providence Homes, John Poulsen, President, purchased 36 partially improved lots within the Commons at South Mountain located at 15th Avenue and South Mountain, Phoenix, AZ. Providence acquired the lots for $1,150,000 ($31,944 per partially improved Lot) and will complete the...

Real Estate Daily News Buzz Aug. 25, 2016

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 Industrial Warehouse Sells to Aire Filter Products

Chispas, LLC of Chandler, Arizona (Branden Sparks, manager) purchased an 18,550-square-foot industrial warehouse located at 850 and 860 East 17th Street in Tucson. The property was commanded a sale price of $840,000 ($45.28 PSF) from the Norman F Thomas and Mary Lucille Thomas Trust, and Alfred and Louise Thomas...

Glendale Apartment Community Closes for $15 Million

Phoenix, AZ – ABI Multifamily, Arizona’s largest locally operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $15 million ($44,643 per unit) sale of the Country Creek Apartments, a 336-unit Glendale apartment community located in Glendale, Arizona. Located in the South Glendale Submarket, Country Creek is...

Tucson #3 in Job Growth Cities on Bloomberg’s List

Bloomberg reports that with an economy that some believe is marching towards full employment, annual job growth nationally is slowing down. But some cities in the south and west of the country — where labor markets are coming from a lower base — are currently in the throes of strong headline job...

US Army awards Raytheon Long Range Precision Fires risk mitigation contract

New surface-to-surface missile will give ground troops superior capability against long-range targets TUCSON, AZ -- The U.S. Army has awarded Raytheon Company (NYSE: RTN) a $5.7 million risk-mitigation contract for the Long Range Precision Fires program.  The new missile will replace the Army's aging inventory of long range, surface-to-surface missiles. Fired...

Real Estate Daily News Buzz Aug. 24, 2016

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...

QuikTrip Tucson Assembles Acreage at Fort Lowell & Alvernon for $2.53...

After two years of negotiations and three transactions, QuikTrip has completed the assemblage of 2.47 acres (107,779 SF), a full city block, at the northwest corner of Fort Lowell and Alvernon Way in Tucson. Desert Streams & Waterfalls, Inc. (Michael Coffey, president) sold its 40,963-square-foot contractor yard, with a 666-square-foot...

Superior Asset Quality Drives Phoenix Industrial Sale

JLL completes $56.2 million sale of Goodyear Crossing II PHOENIX, AZ– As investment grade tenants continue to see the value of locating in Phoenix, investors are seeking out the market’s high-quality industrial assets. On behalf of Gramercy Property Trust, JLL’s Capital Markets experts announced Monday the firm facilitated the sale...