Monday, December 11, 2017

Real Estate Daily News

TUSD Sells Townsend Middle School to Pima Medical Institute for $5.63...

TUCSON, Arizona -- The Tucson Unified School District (TUSD) 2015 approved sale of Townsend Middle School closed this week at 2120 N Beverly Ave. in Tucson to Pima Medical Institute (PMI) for $5.63 million.  The site will be developed into a medical educational campus with a mix of medical...

Tempe Mission Springs Apartments Sell for $33.8 Million

Cushman & Wakefield Negotiates Sale of 306-Unit Apartment Community PHOENIX, Arizona – Cushman & Wakefield announced the $33.8 million ($110,458 per unit) sale of Mission Springs, a 306-unit apartment community located at 1311 W. Baseline Road in Tempe, Ariz., to 29th Street Management II, LLC. Executive Managing Director Jim Crews from...

Real Estate Daily News

The Ledges at West Campus in Tucson Sold for $23 Million

TUCSON, Arizona -- Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of The Ledges at West Campus, a 205-unit apartment property in Tucson, Arizona. The $23 million sales price equates to $112,195 per unit. “Previous ownership improved the presentation of the property and...

CBRE’s Laura Sidney Promoted to Senior Director, Labor Analytics

PHOENIX, Arizona – CBRE announced that Laura Sidney has been promoted to Senior Director with CBRE Labor Analytics. In her new role, Laura will continue to expand her business development responsibilities for Labor Analytics by working with corporate occupiers to optimize their human capital. “Laura continues to change the conversation...

Real Estate Daily News

Raytheon Missile Systems receives top security score

Tucson site achieves sixth consecutive superior rating TUCSON, Arizona -- Raytheon Company's (NYSE: RTN) Missile Systems business received its sixth consecutive superior security rating from the Defense Security Service. Missile Systems achieved a score of 851, just 14 points shy of perfect. DSS awarded the score and rating after a...

Comcast Contact Center Sells for $22.9 Million

TUCSON, Arizona -- Oracle Realty Associates, LLC of Manhattan, purchased the Comcast building located adjacent to the Tucson Mall at 4690 N. Oracle Road in Tucson. The 211,152-square-foot, single-tenant office building was purchased from The Tanager Company, LLC for $22.9 million ($108.45 PSF). Greg Furrier, Principal, Retail Specialist with Cushman...

Owner/User Building in South Scottsdale Sells for $2.2 Million

SCOTTSDALE, Arizona – ORION Investment Real Estate recently negotiated the owner/user office building sale, located at 8101 East McDowell Road in Scottsdale, for $2.2 million ($127 PSF). It consists of approximately 18,000-square-feet of office and warehouse space with three roll-up doors, situated in an excellent central location with easy...

Crossroads’ Festival Building sells for $2.09M following sale of North Pointe...

TUCSON, Arizona – A retail pad building in The Crossroads Festival Plaza at 4861 E Grant Rd. in Tucson sold for $2.09 million ($173.46 PSF). The buyer, Van’s Tucson Golf Properties was a tenant prior to sale and will continue to occupy 8,985-square-feet as an owner user dba Van’s Golf...

Markham Contracting celebrates 40 years of laying the groundwork for more...

PHOENIX, ARIZ. – Markham Contracting Co., Inc., founded in the Phoenix garage of President Mike Markham Sr., in 1977, is celebrating 40 years of helping shape the Southwest landscape. Projects include the original Hughes Helicopter manufacturing plant, now Mesa Boeing; Phoenix International Raceway; the Omni Montelucia Resort; the Chicago Cubs’...

Meet your new best friend at PACC’s Santa Adoption Party Dec....

Santa Claus will be onsite posing for family photos and handing out gifts PIMA COUNTY – Find the perfect holiday gift for you and your family at Pima Animal Care Center, 4000 N. Silverbell Road, during the third annual Santa Adoption Party happening from 10 a.m. to 5 p.m....

Twin Peaks Retail Property in Marana Sells for $5.12 Million

Marana, Arizona -- 7455-7475 W Twin Peaks Road in Marana sold to John Kai, Jr., LLC for $5.12 million ($275 PSF). This is the second purchase at Twin Peaks Plaza for the investor. Earlier this year, 7555 W. Twin Peaks Rd, an 8,540-square-foot retail pad building, was purchased for $2 million...

Glasir Capital Partners Sells Phoenix Apartments for $8.5 Million

Cushman & Wakefield Negotiates Sale of 76-Unit, Former Hotel PHOENIX, Arizona – Cushman & Wakefield completed the sale of Arcadia Gardens, located at 3101 North 32nd Street in Phoenix. RP 3101, LLC, an entity formed by Rincon Partners, LLC of Phoenix, purchased the property from 3202 Earll, LLC, a company...

Willmeng Construction Breaks Ground on EastGroup’s Falcon Field Business Center, delivering...

MESA, Arizona – With high demand for quality industrial buildings in the East Valley, EastGroup Properties, Phoenix, announced the groundbreaking of Falcon Field Business Center Tuesday, Nov. 28. The 98,643-square-foot building, located at 3110 N. Greenfield Road, is being constructed by Willmeng Construction and designed by Butler Design Group. The...

Nominations Sought for Several Pima County 2017 Awards

Pima County Natural Resources, Parks and Recreation and Pima County Small Business Commission are seeking 2017 award nominations. Pima County Natural Resources, Parks and Recreation is seeking nominations from throughout the county for the Chuck Catino Community Leadership Award, named for the longtime volunteer and founder of the Born Again...

Tucson Lease Report Nov. 27-Dec. 1, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Nov 27 thru Dec. 1, 2017. INDUSTRIAL – 3865 E 34TH ST., TUCSON Bison Engineering, Inc leased 6,538-square-feet of industrial space at 3865 E. 34th Street. Tim Healy and Bob DeLaney of CBRE...

United Comb & Novelty Corporation Signs Lease at Fiesta Tech

Cushman & Wakefield Negotiates 120,700 SF Lease in Gilbert PHOENIX, Arizona – Cushman & Wakefield announced that United Comb & Novelty Corporation, an entity of United Solutions, signed a lease at Fiesta Tech located at 1343 N. Colorado Street in Gilbert, Ariz. Cushman & Wakefield Director James Harper successfully negotiated the...