Friday, February 24, 2017

Real Estate Daily News

Plans for ‘Disney World’ Amusement Park in Casa Grande, Arizona

Casa Grande, Arizona -- The Casa Grande Dispatch is reporting a 1,500-acre “destination resort” plan to be built by Florida-based, Block Sports Company, near Casa Grande. The scope of phase one has yet to be determined, but the plan outlines a few amenities that include an “extreme” sports park,...

Real Estate Daily News Buzz February 24, 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...

Real Estate Daily News

Humberto “Bert” Lopez Inducted into Tucson Legends at CCIM Annual Meeting

TUCSON, Arizona -- Humberto “Bert” Lopez was inducted into the CCIM Tucson Real Estate Legends Tuesday at the CCIM Annual Forecast Meeting. The induction takes place each year to honor those “legends” who have built the commercial real estate community in Tucson from its early beginnings. The following presentation was...

North Scottsdale Land Sold at $7.1 Million for Mixed Use...

SCOTTSDALE, AZ – A 4.5-acre land parcel at the SWC of Scottsdale Rd. & Chauncey Ln., Scottsdale, sold for $7,128,728 ($36.33 PSF) for a Retail, Office and Multifamily project. Lee & Associates Principal Bob Kling negotiated the sale on behalf of the buyer, Chauncey Retail Partners, Tempe and the seller,...

Real Estate Daily News

Court requests more documents from developer suing Cochise County over $10M...

Pima County judge orders parties to cooperate in disclosure..."voluminous e-mails and other documents generated or received by county staff . . . over ten year period" ...argument over meaning of "access" to adjacent Coronado National Forest, Supervisors' conditional approval in Oct 2011 TUCSON, Arizona - A dispute about documents...

Outparcel of Westgate Entertainment Center Transacts for $1.5M

GLENDALE, ARIZONA – Located within one of the largest entertainment and retail districts in Arizona, Westgate 95, a 7,539-square-foot retail center, sold for $1.5 million ($199 PSF). Built in 2008, Westgate 95 is located steps away from Westgate Entertainment District, which offers a unique outdoor setting with many vibrant restaurants...

Real Estate Daily News Buzz February 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...

Tucson Lease Report February 13 – 17, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from February 13 thru 17, 2017. OFFICE – 5151 E. BROADWAY BLVD., TUCSON Goldblatt Systems, LLC renewed their lease at 5151 E. Broadway Blvd., Suite 1000 in Tucson, with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC,...

Roosevelt, Washington, Jefferson, and Jackson: Historic Downtown Phoenix Streets setting New...

Phoenix, Arizona – You read the title and think what amazing history took place under the influences of these politicians.  Not so fast because these historic names are simply the street names in downtown Phoenix that are becoming the latest commercial real estate hot spots.  The population downtown continues...

Twin Peak Plaza Building in Marana Trades for $2 Million

TUCSON, Arizona -- Twin Peaks Plaza at 7555 West Twin Peaks Road in Marana sold for $2 million ($234 PSF). Situated at the new Twin Peaks and I-10 interchange in the Northwest submarket, the buyer traded up in a 1031 exchange. The 8,540-square-foot building is a portion of Twin Peaks...

NAI Horizon Names 2016 Top 10 sets the tone for 2017

PHOENIX, ARIZONA – NAI Horizon’s 2016 Top 10 Producers are highlighted by a diverse group of brokers whose transactions totaled more than $275 million representing multiple property types. The broad range of product type represented in NAI Horizon’s Top 10 is indicative of the overall health of the Valley’s commercial...

Real Estate Daily News Buzz February 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...

Tucson Metro New Construction on Land Sales Totaling $3.75 Million

TUCSON, Arizona – Schoolhouse Oro Valley LLC of Queen Creek, AZ (Glenn L Way, manager) purchased approximately 8.6-acres at the southwest corner of Sunkist Road and La Canada Dr. in Oro Valley, from the DESCO Group of St. Louis for $1.5 million ($4 PSF). The property will be used for...

International Buyer Takes 90,463 SF Manufacturing Building for $5.65M

PHOENIX, AZ –  Lee & Associates is pleased to announce the sale of a 90,463-square-foot industrial manufacturing building at 4501 W. Polk St., Phoenix, for $5.65million ($62.46 PSF). The property was vacant at the time of sale. Principals Chris McClurg and Pete Batschelet secured the buyer, Scientex Phoenix, LLC, of...

C&W | PICOR Recognizes 2016 Standouts

TUCSON, Arizona -- Cushman & Wakefield | PICOR salutes its 2016 outstanding achievers who were honored at the company’s annual awards luncheon held at the Tucson Country Club on January 17, 2017. In his last year as company President, CEO Mike Hammond recognized Barbi Reuter with the “President’s Award...

Vestis Group completes Sale of Via Linda Plaza for $2.5 Million

Phoenix, Arizona – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the sale of Via Linda Plaza, a 16,158-square-foot neighborhood shopping center, located at 10810 E Via Linda, in Scottsdale, Arizona for $2.5 million ($155 PSF). “This transaction was a win-win for all parties involved,” says...