TUCSON, ARIZONA – Starbucks at 2807 N Campbell, the northwest corner of Campbell & Glenn, celebrated its grand opening Thursday. The opening was a special occasion for Developer / Landlord, Jason Wong, CCIM, of Crestline Properties who invited City staff, contractors, architects, engineers, and friends involved in the project to...

TUCSON, ARIZONA – A joint venture between R+R Development, LLC (Randi Dorman and Rob Paulus, members) and Bourn Properties, LLC (Don Bourn, manager), Trinity Project Investors LLC, closed on the first takedown from Trinity Presbyterian Church of Tucson for $700,000 ($21 PSF). The 33,198-square-foot lot is located along University...

PHOENIX, Arizona  – A major freight corridor in southern Arizona that moves trucks to and from Mexico for produce and other goods will undergo a full build-out of improvements over the next few years now that the State Transportation Board formally approved the funding for the project. The board approved...

TUCSON, Arizona -- Tuesday morning's fire at The Mark at Tucson is estimated to have caused in excess of $1 million in damage. The fire destroyed major portions of the multi-story student housing building scheduled to open fall 2019 while still under construction, as well as significantly damaging/destroying construction...

PHOENIX, ARIZONA – NAI Horizon, having just celebrated its 25th anniversary in the Valley in 2017, continues its growth in Arizona with the hiring of Ally Bluechel as Marketing Specialist. Bluechel will provide support to NAI Horizon brokerage teams by developing materials for marketing proposals. She will also create and...

TUCSON, Arizona -- Universal Avionics Systems Corporation (“UA”) completed its acquisition by Elbit Systems Ltd. (NASDAQ and TASE: ESLT) with the $21.3 million (133 PSF) sale of its headquarters at 3260 E Universal Way in Tucson. As part of the $120 million acquisition of the assets and operations of...

Laser radar data system is latest innovation in company's near century-long history WASHINGTON, DC -- The U.S. government has granted the 10 millionth patent in the nation's history to Raytheon (NYSE: RTN). The patent covers a system for obtaining real-time readings on speed and distance from the data stream created by...

TUCSON, Arizona – A recent article on TIBO website is reporting Rio Nuevo is currently working on landing an Arena Football League (AFL) expansion team that would play at the Tucson Convention Center in Downtown Tucson.  At last month’s Rio Nuevo meeting, the board approved up to $400,000 in additions that...

TUCSON, Arizona – Tuesday evening, the Tucson City Council approved the development of a 20-story mixed use tower at the northwest corner of Speedway and Campbell Avenue to be  developed by Richard Shenkarow and partners. The building could be completed by 2022 at an estimated cost of about $300...

TUCSON, ARIZONA -- Empty Box, LLC purchased a 2,515-square-foot former Jack in the Box, located southeast of Alvernon Way at 3950 E. 22nd St. in Tucson from an affiliate of 4-D Properties, 3950 E. 22nd Street, LLC for $637,500 ($253 PSF). Naomi and Chris Pershing purchased the Le Cave’s Bakery...

More Retailers to be Announced Soon at Scottsdale’s Latest Shopping Destination Scottsdale, Arizona -- Starbucks, Texas Roadhouse and an additional, iconic restaurant brand have all signed leases this month to open restaurants at The Block at Pima Center, paving the way for vertical construction to begin.  Further lease announcements are...

Marana, Arizona -- O’Reilly Auto Enterprises, LLC, dba O’Reilly Auto Parts, purchased a 44,431-square-foot PAD located at 9090 N. Silverbell Road, Marana, AZ for $650,000 ($14.63 PSF). The PAD is in the Safeway anchored shopping center known as Shoppes at Continental Ranch at the southeast corner of Twin Peaks...