Thursday, December 8, 2016

Real Estate Daily News

Lee & Associates Represent Buyer, Seller in $4.7M Freeport Center Sale

PHOENIX, AZ – Four Lee & Associates brokers recently negotiated the $4,700,000 all-cash sale of a 75,786 SF industrial warehouse building at Freeport Center, 5520 W. Maricopa St., Phoenix. The price per SF was $62.02. Lee & Associates Principals Allen Lowe and Steve Farrell negotiated on behalf of the seller,...

Real Estate Daily News Buzz December 8, 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...

Real Estate Daily News

Berkadia Completes $43 Million Sale of Tucson Multifamily Property

TUCSON, ARIZONA -- Coronado Villas, at 9225 East Tanque Verde Road, a 432-unit multifamily property in Tucson, Arizona has sold. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson Berkadia office completed the $43 million sale at a price-per-unit of $99,537. The seller was Prime Residential,...

NAI Horizon closes on Gilbert $14M self-storage investment property

PHOENIX, ARIZONA -- The sale of Arizona self-storage investment properties continues to hit all-time highs. Gateway Mini-Storage LLC, located at 5750 S. Power Rd., in Gilbert, Ariz., recently closed for $14 million. NAI Horizon Senior Vice President Denise Nunez exclusively marketed the property on behalf of the seller, Circle G...

Real Estate Daily News

AG Brnovich and Tucson Mayor & Council Faceoff in Gun Fight

TUCSON, Arizona -- Attorney General Mark Brnovich filed a Petition for Special Action alleging the City of Tucson’s gun destruction ordinance violates Arizona law on Tuesday. State law prohibits local governments from destroying firearms. However, the City of Tucson enacted an ordinance that requires police to destroy seized firearms. The Petition...

First Place AZ Breaks Ground on $15 Million Project in Phoenix

PHOENIX, Arizona — First Place®AZ broke ground Tuesday on First Place-Phoenix, a new $15 million residential property for adults with autism and different abilities with a one-of-a-kind approach to combining apartments, a residential training program and a national leadership institute to advance more independent and community integrated living options. Joining...

Real Estate Daily News Buzz December 7, 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 Manufacturer, Spartan Armor Systems Buys Manufacturing Facility

TUCSON, ARIZONA - Copper Street Armor Factory, LLC of Tucson (Todd Meeks, manager) doing business as Spartan Armor Systems, purchased a 12,800-square-foot industrial building and excess land at 1830 & 1840 W Copper Street in Tucson for $702,000 ($55 PSF). The building was built in 1993 and includes a...

Glendale’s Bell Tower Village Sold for $14.75 Million

Cushman & Wakefield Negotiates Sale of Walgreens Anchored Shopping Center PHOENIX, Arizona – Cushman & Wakefield announced Monday that Bell Tower Village, a Walgreens anchored community shopping center located on the southeast corner of Bell Road and 51st Avenue in Glendale, Ariz., sold for $14.75 million to New Bell Tower...

UA Economic Outlook 2017 Set for December 9

University of Arizona economists forecast what’s ahead for Tucson and nation at luncheon on December 9 at the Westin La Paloma Resort TUCSON, Ariz. – The University of Arizona Eller College of Management will host its annual Economic Outlook Luncheon on Fri., Dec. 9 from noon to 1:30 p.m. at...

TAR Announces 2017 Boards of Directors

TUCSON, Ariz. – The Tucson Association of Realtors® announces the Board members for 2017. 2017 Tucson Association of  Realtors®  Officers and Board Of Directors President, Pam Ruggeroli, ABR, CRS, GRI, Long Realty Company; President Elect Ginny Huffman, Imagine Realty Services; Vice President Barbara Wilson, GRI, PMN, Tierra Antigua Realty; Immediate Past...

Real Estate Daily News Buzz December 6, 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 Commercial Lease Report Nov. 28 – Dec. 2, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from November 28 December 2, 2016. RETAIL- 6484 N ORACLE RD, TUCSON Hobby Lobby will be leasing approximately 55,000-square-feet at Plaza Del Oro Shopping Center, 6484 N Oracle Road in Tucson from Plaza del Oro,...

Phoenix Commercial Lease Report Nov. 28 – Dec. 2, 2016

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Commercial Lease Report from November 28 thru December 2, 2016. INDUSTRIAL – 2910 S. HARDY, TEMPE Broadway Industrial Park leased a ±25,619-square-foot industrial property located at 2910 S Hardy, Suite 104 in Tempe to Tier Power Systems,...

Tucson Sign Code Review – Be Heard – All Voices are...

TUCSON, ARIZONA - Have you ever wished for changes in Tucson’s sign code? Are you willing to join others and be heard regarding the City of Tucson staff proposal to update the Sign Code?  METRO PIMA ALLIANCE is encouraging everyone to do just that on Monday, December 5th. On Monday,...

New Sonesta ES Suites Tucson Welcomes Guests Following Renovation

Newton, MA – Sonesta ES Suites Tucson at 6477 E Speedway Blvd in Tucson, AZ has been completely reimagined and reinvigorated to provide guests more than just a place to stay. Following a multi-million dollar renovation completed this spring, the new residence-style suites welcome guests with all the amenities...