Sunday, November 18, 2018

Real Estate Daily News

Arizona Labor Force increased 16,300 Jobs in October

PHOENIX, Arizona — Arizona's unemployment rate for October was 4.7 percent, up from 4.6 percent in September. The state Office of Economic Opportunity says the seasonally adjusted labor force increased by just over 16,300 people while Arizona's economy added 23,300 nonfarm jobs between September and October. The government sector lost 1,200...

What to look for in a CRE brokerage to ensure sales...

PHOENIX, ARIZONA -- Many people try their hand at sales—selling everything from tech products to pharmaceuticals—to quickly learn that it isn’t easy. The career is made even more difficult by capped commissions, poor management and long hours. According to Peak Sales Recruiting, the voluntary turnover rate for salespeople averages around...

Real Estate Daily News

Imperfect Produce Picks Tucson for New Customer Care Center bringing 350...

TUCSON, ARIZONA – San Francisco-based Imperfect Produce, a produce delivery company focused on fighting food waste by finding a home for "ugly produce," recently announced plans to open its first customer care center in Tucson, AZ. The subscription produce box is affordable, convenient, customizable, healthy and delicious. Imperfect Foods, Inc....

CBRE Arranges $14.6 Million Sale of Office Asset in I-17 Corridor

PHOENIX, Arizona -- CBRE has completed the $14.6 ($148 PSF) million sale of Desert Canyon 200, a three-story, multi-tenant Class A office building located at 2421 Peoria Ave. in Phoenix. The 98,863-square-foot property sits on 6.74 acres within the 22-acre, three-building Desert Canyon Corporate Campus. Barry Gabel and Chris Marchildon...

Real Estate Daily News

Two U.S. Storage Centers Sold for Combined $9.3 Million

Self-Storage Remains Popular on Local and National Level; Demand Outweighs Supply PHOENIX, Arizona – Cushman & Wakefield negotiated the sale of two self-storage facilities for $9,335,000. Irvine-based Westport Peoria Phoenix Self Storage, LLC purchased the two U.S. Storage Centers, located at 19315 N. 83rd Avenue in Peoria, Ariz. and 2331...

Maricopa has about 104,000 ballots and Pima about 16,000 ballots left...

PHOENIX—The Maricopa County Elections Department updated results today at 5 p.m., and has approximately 104,000 ballots left to process for the 2018 General Election.  From the Pima County website there appears to be approximately 16,000 ballots left to process. The remaining ballots are early, provisional and out-of-precinct ballots that voters...

Country Inn & Suites Tucson Airport Sells for $5.15 Million

TUCSON, ARIZONA – Country Inn & Suites at Tucson Airport sold for $5.15 million ($62,048 per room) to Progressive Hospitality, LLC of Mukiltee, Washington. Located at 6681 South Tucson Blvd. in Tucson, the 26,604-square-foot hotel on 2.21 acres was built in 2000 with 83-rooms. All rooms include: free, hot breakfast,...

Tucson’s Lunt Solar Systems Awarded United States Air Force ARGO One...

TUCSON, ARIZONA -- The United States Air Force Academy issued a combined solicitation for the construction and installation of a modern compact as well as traditional local operations. The new ASA 1-Meter telescope will be provided through Tucson based Lunt Solar Systems and is to be installed and commissioned...

CBRE Completes Investment Sale of Dutch Bros Coffee Building in Tucson

TUCSON, Arizona  – CBRE has completed the $2.47 million sale of a single-tenant property leased to Dutch Bros Coffee, located at 120 South Wilmot Road in Tucson, Ariz. The 824-square-foot building is on the southwest corner of Broadway Boulevard and Wilmot Road, which benefits from high traffic counts of...

Tucson Lease Report Nov. 5-9, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from November 5 thru 9, 2018. RETAIL – 13380 E MARY ANN CLEVELAND WAY, VAIL, ARIZONA Chase Bank leased an outparcel pad at the new Safeway Center in Vail from Vail-SSC, LLC.  Aaron LaPrise,...

JLL completes lease that doubles Oscar space at The Circuit

Expands insurance leader to 139,000 s.f. of creative office space in Tempe, Arizona PHOENIX, Arizona – On behalf of New York-based insurance company Oscar, the Phoenix office of JLL has completed a 46,000-square-foot lease that will double Oscar’s presence at The Circuit creative office project in Tempe, Arizona and pave the way...

Block 23 at CityScape Secures First Office Tenant

Ernst & Young Signs 20,000 SF Lease at New Downtown Mixed-Use Development PHOENIX, Arizona – Cushman & Wakefield have announced that Ernst & Young, a global leader in assurance, tax, transaction and advisory services, signed a 20,000-square-foot lease at Block 23 at CityScape. Jerry Roberts and Pat Boyle of Cushman &...

Governor Ducey’s Veterans Day Statement

PHOENIX, Ariz. — Governor Doug Ducey today released the following statement in honor of Veterans Day and the men and women who have served this nation in uniform: “Today, Arizona gives thanks to those who have fought to secure and defend the freedoms Americans hold dear — our nation’s veterans. “Whether...

Tucson’s 99th Annual Veterans Day Parade Monday, Nov. 12th, at 11AM

The theme this year is “Celebration of Armistice Day” Join the American Legion Morgan McDermott Post 7 and the City of Tucson in recognizing current members of our military and veterans at the ninety-ninth annual Tucson Veterans Day Parade on Monday, Nov. 12, at 11 a.m.  The theme this year...

Veterans Day Holiday Ballots will continue to be counted in Arizona

PHOENIX, Arizona – State and county officials, and Republican Party officials who sued over discrepancies in the way Arizona counties check voter signatures on early ballots, agreed Friday to a settlement that allows the verification process to continue until 5 p.m. Nov. 14. That could have an impact on the...

Stonebriar Closes on Former Fry’s for VASA Fitness in Tucson for...

TUCSON, ARIZONA -- Stonebriar Commercial Finance Realty Capital, dba SCF RC Funding IV LLC, of Princeton, NJ purchased the property at 3920 E Grant Road in Tucson for $4.2 Million ($83 PSF). The 50,688-square-foot former Fry’s store and gas pad on 4.96 acres at the southeast corner of Alvernon and...