Tuesday, January 16, 2018

Real Estate Daily News

Carissa Fairbanks, IOM and Laura Nagore, IOM of Tucson Metro Chamber...

A Leadership Training Program Produced by the U.S. Chamber of Commerce Foundation Tucson, AZ – The Tucson Metro Chamber is pleased to announce that Carissa Fairbanks, IOM, communications director and Laura Nagore, IOM, chief financial and operations officer have graduated from the Institute for Organization Management, the professional development program...

TAR: December 2017 Tucson Housing Statistics Released

Below are some highlights from the December 2017 Residential Sales Statistics: Total Sales Volume of $276,914,274 is down slightly from November’s number of $279,460,100, resulting in a .91% decrease,  but is up 6.86% over December 2016. The Average Sales Price is up .69% from last month. Average List...

Real Estate Daily News

Sprint Store on Valencia Road Sells in Investment Deal for $1.455...

TUCSON, ARIZONA – Local investor, RJK PI, LLC (Robert Kivel, manager) purchased the Sprint Building at 1840 West Valencia Road in Tucson for $1.455 million ($485 PSF). The property was occupied by Sprint in a triple net long term lease and sold in an investment sale. Build in 2001, the...

Maracay Closes on 80-Acre Land Purchase in Peoria

94 oversized homesites feature some of the largest lots Maracay has developed PEORIA, Ariz. – Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on 94 premium homesites in Peoria, Arizona, for a total purchase price of $7.56 million ($80,425 per lot). The 80-acre land...

Real Estate Daily News

Northwest Fire District Expanding in High Growth Northwest Tucson

Marana, Arizona – Northwest Fire District (NWFD) knowing time is of the essence in an emergency has purchased two new sites for stations: a 2.76-acre parcel in Dove Mountain for $735,781 ($6.12 PSF) and a 1.48-acre lot at Gladden Farms for $400,00 ($6.20 PSF) both in Marana, Arizona. “Northwest Fire...

52 Acres in Pinal County Sold for Future Residential Subdivision

Growth in Queen Creek attracting builders and developers PHOENIX, Arizona – Cushman & Wakefield announced that Magic Lake 80, LLC of Columbus, Ohio sold 52-acres at Hunt Highway and Heritage Road in Pinal County, Ariz. Lookout Mountain Partners, LLC of Scottsdale, Ariz. purchased the land for $1.25 million ($24,038 per...

New Broker Joins Cushman & Wakefield | PICOR Retail Team

TUCSON, ARIZONA -- Roxanne Harding has joined the Cushman & Wakefield | PICOR retail team. Roxanne is a Tucson native and University of Arizona graduate (#beardown). She specializes in the sale and lease of retail properties in the region. Roxanne has had the opportunity to watch the city grow while observing...

Office Building in Palisades Corporate Plaza sells for $4.5 Million

Oro Valley, Arizona -- Vast Commercial Real Estate Solutions (Vast CRE) brokered the sale of a Class A corporate building at 8950 N Oracle Road, Oro Valley, AZ 85704. Located along the high-traffic Oracle Road corridor in the Palisades Corporate Plaza, the 41,134-square-foot space sold for $4.5 million ($109.40...

Deer Valley Crossing Sold for $1 Million

Cushman & Wakefield Negotiates Sale in Northwest Phoenix PHOENIX,  Arizona – Cushman & Wakefield completed the sale of Deer Valley Crossing, located at 21725 N. 20th Avenue in Phoenix. Phoenix-based Airpark Pak N Ship, Inc. purchased the property from 5000 South Prairie, LLC of Scottsdale, Ariz. for $1 million ($134...

Valley Partnership Elects New Board of Directors and Officers for 2018

Phoenix, Arizona –  Valley Partnership, the Valley’s leading voice for responsible development, recently elected their 2018 Board of Directors and Executive Committee.  The organization has continued to cultivate leadership throughout its membership, focused on those strong voices and employers who understand the need for thoughtful development in the Valley. “Our...

Tucson Lease Report January 1 – 5, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Jan. 1 thru 5, 2018. OFFICE – 1310 W. ST. MARY’S RD., TUCSON Skin Concierge, LLC; Dr. Mark Austein & Dr. Rachel Schacht has leased 1,369-square-feet at 1310 W. St. Mary’s Road, Suite...

North Phoenix Office Park Nets $23.6 Million

PHOENIX, Arizona – CBRE announced the sale of a 175,225-square-foot, two-building, Class A office park located at the northwest corner of Loop 101 and 19th Avenue in Phoenix. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Granite Deer Valley Holdings, LLC, based in Newport Beach,...

Travelocity darn near falls in love with the Old Pueblo

Travelocity.com the American travel fare aggregator website and travel metasearch engine recently reported on Tucson. Having visited  what they called Phoenix’s enormous sprawl, mystical Sedona and charming Flagstaff the reporter found them either too big or too small. Tucson on the other hand, they say is a “multi-culti blend...

Tucson Ranks #1 Best City for Minimum Wage Earners

It's tough to get by on minimum wage no matter where you live. But in a few select cities, life on the lowest end of the pay scale is more forgiving. To determine the cities where it's easiest to be a minimum wage worker, GOBankingRates found the largest 100 cities...

JLL Q4 Office Report: State Farm Campus Continues to Affect Market

Marina Heights sale expected to further boost investor interest in Class A trophy assets PHOENIX, Arizona – In a Phoenix office market already experiencing its fourth consecutive year of annual absorption gains, landmark deals like the recent five-building Marina Heights – State Farm campus in downtown Tempe are expected to...

Andrew Cheney of Lee & Associates named NAIOP Arizona’s 2018 Chairman

PHOENIX, Arizona – Principal Andrew Cheney of Lee & Associates Arizona was recently selected as NAIOP Arizona’s 2018 chairman of the board. He has been a member of NAIOP Arizona since 2003 and served on the board since 2012. “There could not be a better time to lead this dynamic...