Saturday, June 24, 2017

Real Estate Daily News

Will a hole through a hill in Bullhead City save a...

BULLHEAD CITY, Arizona -- In the Mohave Valley of Arizona, Bullhead City has punched a hole through a hill to unite a challenged shopping center with the local mall to improve traffic. Before that it was known as Bullhead Square, but better known by locals by its main tenant, Kmart,...

Three Loans Arranged on Bashs’ / Food City Anchored Retail Centers

Scottsdale, Arizona -- Churchill Commercial Capital, Inc. (Cynthia Hammond, president) announces two loan closings totaling $13.5 million on Sun City West Plaza and Southgate Center, both neighborhood shopping centers anchored by Food City or Bashas’ grocery stores. Sun City West Plaza is a 62,270-square-foot center 100% leased with a Bashas’...

Real Estate Daily News

Real Estate Daily News Buzz June 23, 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...

Native at Steam Pump Village Oro Valley Sells in Off Market...

TUCSON, Arizona – The now open, the new Native Grill & Wings at Steam Pump Village, 11107 N Oracle Road in Oro Valley, sold in an investment sale for $3.34 million ($673 PSF) to local investors, Andy and Marilyn Bowden. The 4,962-square-foot Native Grill & Wings restaurant celebrated its grand...

Real Estate Daily News

Scottsdale Business Center Sells for $7.3M in Potential Redevelopment Opportunity

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,...

DR Horton Acquires Final Rancho Resort II Lots in Sahuarita

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...

64 Journeymen Graduate from ABA’s Apprenticeship Programs

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 June 22, 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...

Smaller Office Building Sales Lively in Tucson

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...

La Palmilla Apartments in Phoenix Sell for $14.1 Million

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...

Pima County Supervisors approve $1.2 billion spending plan for FY 2018

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...

ORION Closes Bell Plaza in Northwest Phoenix

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...

State Transportation Board approves 2018-2022 Five-Year Construction Program

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 June 21, 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...

C&W Picor Closes $10 Million Recent Tucson Multifamily Deals

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...

Daum Negotiates $5.925M in Sales with Two Flex/Industrial Buildings in Tempe...

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...