Thursday, September 29, 2016

Real Estate Daily News

Oro Valley Council votes to approve “Stars at Homes and Abroad”...

Oro Valley, Arizona – At its regular Council meeting, Oro Valley Town Council voted to approve the “Stars at Home and Abroad” final conceptual design for the Veterans and First Responders Living Memorial at Naranja Park. From August 17 through August 24, members of the public were invited to vote...

Real Estate Daily News Buzz Sept. 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...
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Real Estate Daily News

Chicago Investor Purchases Two Tucson Walgreens stores for $5.51 Million

TUCSON, AZ -- Steven Swanson II of Chicago Illinois recently purchased two Tucson Walgreen stores in two separate transactions. The Walgreens at 4910 N First Avenue in Tucson was purchased for $3.06 million ($197 PSF) for the 15,525-square-foot building on 2.56 acres and the Walgreens store at 1415 W...

Sterling Real Estate Holdings Acquires Maya Linda Apartments in Phoenix

Strategy to Invest in Value-Add, Multi-Family Assets Located in Southwestern U.S. PHOENIX, AZ – Sterling Real Estate Holdings, a joint venture formed between Barker Pacific Group (BPG) and Pacific Real Estate Partners has acquired Maya Linda Apartments, a 360-unit apartment complex located on a new light rail station in the...

Real Estate Daily News

New Phoenix CBRE office will be the largest of the firm’s...

Phoenix, AZ – CBRE Group, Inc. plans to move its Phoenix office from its current location in Tower III to Tower IV of the iconic Esplanade complex in the Camelback Corridor. The new office is part of CBRE’s global “Workplace360” initiative, the company’s leading-edge approach to workplace strategy designed to...

Vestis Group Welcomes Phoenix Retail Broker Matt Morrell

PHOENIX, AZ – Vestis Group is pleased to announce the addition of Matt Morrell, President, to Vestis Group’s retail brokerage group in Phoenix. In this role, Matt, most recently at De Rito Partners, Inc., will specialize in representing Phoenix retail owners and landlords, occupiers of Phoenix retail real estate,...

Real Estate Daily News Buzz Sept. 28, 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...

Houghton Town Center Outpad Trades for $3.9 Million

TUCSON, AZ -- HTC Shops I LLC, an affiliate of Diamond Ventures (Chad Kolodisner, vice-president) sold the fully-leased outpad at 9160 S Houghton Road in Tucson in Houghton Town Center for $3.9 million ($422 PSF). This was an upleg in a 1031 exchange for the investor, Hawaii Holdings of Princeville,...

Structured Real Estate Announces Unique Redevelopment in Old Town Scottsdale

Redevelopment includes fully flexible plans for office, retail or restaurant spaces available for lease now SCOTTSDALE, AZ - Structured Real Estate is redeveloping the former church located at 3080 North Civic Center Plaza in Old Town Scottsdale, Arizona. The building, built in 1958, served as a place of worship until...

I-10 and Ina Road construction continues; Ina Road remains open through...

The Interstate 10/Ina Road Traffic Interchange project in Marana just north of Tucson continues its first phase of construction, with work scheduled to last through early 2017. The work includes constructing a detour for traffic to use when the Ina Road traffic interchange closes, building temporary construction easements and...

Sean Bishop, CCIM, Joins Lee & Associates as Retail Leasing &...

PHOENIX, AZ – Lee & Associates Arizona is pleased to announce the hiring of Sean M. Bishop, CCIM, as Principal. Sean brings extensive experience in retail investment and tenant and landlord representation. Since 2008, Sean was a Principal and Designated Broker at Middlefork Commercial, LLC, a Phoenix-based commercial real estate fi...

Real Estate Daily News Buzz Sept. 27, 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 Sept. 19 – 23, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from September 19 thru 23, 2016. RETAIL – 60 N. ALVERNON WAY, TUCSON JJ & G Consulting Services, LLC, leased approximately 8,147-square-feet of retail space located at 60 N. Alvernon Way from HSL 60...

Loco Patrõn Mexican Brewery Expanding to North Scottsdale

SCOTTSDALE, AZ  – Longtime Valley restaurant operator, Loco Patrõn, has leased the former Salty Senorita building on Northsight Boulevard for a new Loco Patrõn Mexican Brewery. The area is bustling with new restaurants, retailers and multifamily development. A luxury 297-unit apartment building is being constructed directly behind the Loco...

New Construction Driving Industrial Rents in Phoenix

JLL: Industrial Leases at Airport I-10 and Park Lucero illustrate local trend PHOENIX, AZ – The delivery of more than 2.8 million-square-feet of new industrial construction in Phoenix during the first half of 2016 has made an impact on the Valley, says the Phoenix office of JLL – in some cases pushing industrial...

Cadden Community Management recognized for excellence at GEM Awards

Tucson, AZ -- Three employees from Cadden Community Management were honored during the annual Arizona Association of Community Managers (AACM) G.E.M. Awards held September 22 in Phoenix. The G.E.M. Awards recognize the individual efforts of the Certified Arizona Association Manager (CAAM) community managers, CAASP support professionals and outstanding Affiliate Partners...