Tucson, Arizona – The ground floor retail space of Sam Hughes Place at the Corner sold recently at auction for $2.575 million ($160 PSF) to a Las Vegas investor, B33 Sam Hughes Place, LLC (Jahan Moslehi, manager). The sale was for the ground floor exclusively at 446 N Campbell Avenue...

Cushman & Wakefield Reps ViaWest Group in 115,853-Square-Foot Sale PHOENIX, Arizona – ViaWest Group and Cushman & Wakefield announced Wednesday the sale of West 101 Business Center, located at 1830-1850 N. 95th Avenue in Phoenix. Humphreys Fund I, LLC of Oklahoma City, Oklahoma purchased the property for $18.275 million ($154...

TUCSON, Arizona -- La Cholla–OG, LLC (Neil Kleinman, manager) purchased the .85 acre parcel at the southwest corner of Orange Grove and La Cholla Blvd in Northwest Tucson for $610,000 ($16.45 PSF) from Little Group (Troy Little, member). The former Quik Mart corner is being redeveloped for a new Starbucks...

TEMPE, AZ –  DeMuro Corporate Square, a 7-building business park totaling 88,837 SF at 1505-1575 W. University Dr., Tempe, has sold to a California investment entity for $10.2 million ($115 PSF). Occupancy was reported to be 92%. The transaction closed on June 30. Lee & Associates Investment Principals Steve Gonzalez,...

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...

MARANA Arizona -- Watermark Retirement Communities (David Barnes, president) is building a 108-unit assisted living and memory car facility at 8689 N Silverbell Road in Marana. The 3.99 acres located southwest of Silverbell and Continental Reserve Loop recently sold to Watermark Marana for $1.34 million ($7.70 PSF) from Salem...

SCOTTSDALE, Arizona – DBM Ventures and LGE Design Build have announced a massive $25 million, 53,000-square-foot mixed-use project to debut at the intersection of Scottsdale Road and Chauncey Lane, bringing with it a broad range of high-end retailers, restaurants and fitness centers alongside adjacent luxury residences. Scottsdale has no problem...

Dove Mountain, Arizona — National Self Storage(National) broke ground recently on a new self storage facility in Dove Mountain, Arizona. The development will be the first modern, multi-story, air conditioned, class-A self storage facility at 12071 N Thornydale Rd. in Marana, AZ. “This is a nice neighborhood and we want...

Upgrades to Virginia-class, fast attack subs will greatly enhance their firepower TUCSON, Arizona -- For the first time, the U.S. Navy test fired two Raytheon (NYSE: RTN)-built Tomahawk cruise missiles from new submarine payload tubes on the Virginia-class USS North Dakota (SSN-784). The tests, in the Gulf of Mexico near...

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...

Tucson, Arizona – CBRE has leased three retail spaces totaling 53,764-square-feet to seasonal tenant Spirit Halloween Superstores. Spirit Halloween Superstore, LLC will occupy 21,535-square-feet just east of Park Place Mall at the southwest corner of Broadway Boulevard and Wilmot Road. The landlord, K-GAM Broadway Wilmot, LLC, was represented by CBRE’s...

Mid-Year Statistics Forecast Improvement in Retail Real Estate for Remainder of 2017 Phoenix, Arizona – Absorption of retail real estate in Greater Phoenix slowed during the second quarter, but investors were busy purchasing retail properties.  The mid-year retail research report released by Colliers International in Greater Phoenix forecasts improvement in...