Friday, April 28, 2017

Real Estate Daily News

Scottsdale Private Lending Expands, Hires Carl Osberg

Scottsdale, Ariz. – Scottsdale Private Lending (SPL), a private real estate lending company owned by principals Phil Sollomi and Tom Graziano, have announced the addition of the company’s first loan production employee. Carl Osberg joins SPL as an associate, in which he will source and underwrite investment real estate...

Real Estate Daily News Buzz April 28, 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

Land for New Discount Tire Store Sells at Tucson Marketplace at...

TUCSON, Arizona – Scottsdale-based Halle Properties, LLC (Bruce Halle) doing business as Discount Tire/America’s Tire, the world’s largest tire and wheel retailer, purchased 1.08 acres at 3025 S Kino Parkway, located to the north of Culver's, in Tucson Marketplace at the Bridges for $875,000 ($18.58 PSF), . The company currently operates...

ViaWest Sells $23.3M Twin Office Properties in Chandler Midway Corporate Center

PHOENIX, Arizona – On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller,...

Real Estate Daily News

Metal Construction News: Cotlow Co. Building in Tucson Editor’s Pick

Mixed warehouse - flex office space maximizes metal TUCSON, AZ -- Dean Cotlow, president and founder of Cotlow Co., a commercial real estate developer in Tucson, Ariz., purchased a 15,269-square-foot infill lot in 2015 in Tucson for one his company's buildings. He called its location a "little corner on a...

Rising economy and property values in Pima County cause no tax...

PIMA COUNTY – Pima County Administrator Chuck Huckelberry April 26 delivered his recommended budget for fiscal year 2018 to the Board of Supervisors. The $1.24 billion proposed budget is less than 1 percent more than the current fiscal year, which ends June 30. An improved regional economy, an increase in...

Real Estate Daily News Buzz April 27, 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...

Angels Work Miracle for Imago Dei School to buy $2.1 Million...

Angel Charity for Children raised $600,000 for Imago Dei Middle School's down payment on its Downtown Tucson building TUCSON, Arizona -- Miracles do happen, as was demonstrated recently in Tucson when Imago Dei Middle School was able to purchase the building it rented in Downtown Tucson.  Located at 55 N....

CBRE Completes $5.5 Million Sale of Industrial Property in Gilbert, Ariz.

PHOENIX, Arizona –  CBRE Group, Inc., has completed the sale of 1405 N. Fiesta Blvd. in Gilbert, Ariz. Barry Gabel, Chris Marchildon, Brian Raczynski, Tim Watters, Evan Koplan and Mike Parker with CBRE’s Phoenix office represented the seller. The buyer was Abington Emerson Investments, based in Los Angeles, Calif....

Central Tucson Office Building sells for Dental Back Office

TUCSON, Arizona -- BLB Real Estate Holdings, LLC of Scottsdale (Dr Brad Roberts, member) purchased a multi-tenant office building, at 2761 N. Country Club Road in Country Club Plaza in Tucson. The two-story, 9,080-square-foot building was built in 1984 and was purchased with three tenants to owner occupy a portion...

ABI Multifamily Continues to Grow Tucson Office

Phoenix, Arizona – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the expansion of its Tucson Office with the addition of Jonathan Ibrahim to the organization as Vice President. John Kobierowski, Senior Managing Partner, states, “We are excited to welcome Jonathan to...

Real Estate Daily News Buzz April 26, 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...

Modern Lift Expanding to new Industrial Building in Tucson

TUCSON, Arizona -- Modern Lift, Inc. (Bill and Mary Riley, owners) purchased an industrial building with yard at 6080 S Masterson Avenue in Tucson for $343,000 ($42 PSF).  Purchased for expansion of the business, the company is currently located at 3175 E 46th Street in Tucson. Modern Lift Inc offers...

Construction Commences on $50M Renovation of Renaissance Square

PHOENIX, Arizona – Cypress Office Properties, LLC announced today that construction has commenced on phase one of a $50 million renovation of Renaissance Square in Phoenix. The $10 million first phase includes upgrades to both building’s lobbies, the lower level lobby, elevators, the creation of a 7,000-square-foot, multi-purpose conference...

‘The Event’ at La Encantada April 30th to benefit Boys &...

TUCSON, ARIZONA -- The Boys & Girls Clubs of Tucson will hold its 16th Annual “The Event” on April 30th, 2017 from 6:00 to 9:00 pm at La Encantada, located at the northwest corner of Campbell and Skyline Drive in the Tucson Foothills. Sponsored by Nova Home Loans, “The...

Rio2100 in Tempe Inks 300,000-Square-Foot Freedom Financial Lease

PHOENIX, Arizona – Rio2100, a 52-acre mixed-use development under construction at the intersection of Loop 202 and Loop 101 in Tempe, Ariz., has the announced execution of a 300,000-square-foot build-to-suit lease with Freedom Financial Network. Bryan Taute and Charlie von Arentschildt with CBRE’s Phoenix office negotiated the lease on behalf...