Wednesday, May 25, 2016

Real Estate Daily News

Real Estate Daily News Buzz May 25, 2016

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...

22nd Street Center to be Repurposed: The future of Tucson Retail...

RRN, Inc. of Tucson (Rich Rodgers, CEO) bought the 22nd Street Center at 4501 – 4525 East 22nd Street in Tucson for $650,000 ($18.25 PSF). The 35,613-square-foot strip center (built 1954 and 1956) was economically obsolete and mostly vacant when it sold, with automotive space in the rear with...
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Real Estate Daily News

Irgens Completes Ascend at Chandler Airport Center

Multi-Tenant Flex/Office Building is Centerpiece to Corporate Business Park PHOENIX -- Irgens - Phoenix has announced development completion of its Ascend at Chandler Airport Center building, located at the northwest corner of South Cooper and East Germann roads in Chandler. The 81,712-square-foot flex/office building is expandable to 162,000- square-feet with addition...

Stephen Hulston Joins Novo Development

SCOTTSDALE– Stephen Hulston has joined NOVO Development of Scottsdale Arizona and will oversee the company’s cost estimating, pre-construction and development activities. Hulston brings almost three decades of construction experience to NOVO having most recently served as Vice President/Business Unit Leader for Balfour Beatty Construction. He managed Arizona operations for the...

Real Estate Daily News

Real Estate Daily News Buzz May 24, 2016

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 Lease Report May 16 -20, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from May 16 thru 20, 2016. RETAIL – 555 E. WETMORE, TUCSON Mark's Ace Hardware has leased a 9,895-square-feet space at Tucson Place Shopping Center, located on the NWC of First Ave. and Wetmore...

Phoenix Lease Report May 16 – 20, 2016

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from May 16 thru 20, 2016 RETAIL – 8200 W PEORIA AVENUE, PEORIA A lease for 58,000-square-feet in Peoria Towne Center was recently signed with Thrifty Lots.  The property is located at 8200 W....

Marcus & Millichap Arranges Sale of Two Net-Leased Properties

PHOENIX – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Jack in the Box Ground Lease, a 2,850-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of...

JLL Phoenix Office Promotes Five Brokers to Senior Level

PHOENIX - The Phoenix office of JLL has promoted five of its brokers to senior level positions. Brett Abramson, Keith Lammersen, Jason Moore and Charles Steele have been promoted from Vice President to Senior Vice President. Andrew Medley has been promoted from Vice President to Executive Vice President. “Each of these individuals...

Real Estate Daily News Buzz May 23, 2016

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...

C&W Picor Closes on $1.74 Million Industrial Sales

North Carolina-based Old Dominion Freight Line (David Congdon, CEO) bought 8.6 acres of land at 3375 E. Corona Road in Business Park of the Desert for $1,181,647 ($3.15 PSF) from Business Park of the Desert LLC (Stephen Cohen, manager). The price was based on a price per square-foot for the...

Note Sale Comes Full Circle with Retail Center Trade to California...

PHOENIX – A once maligned, but well-located shopping center in the heart of one of Phoenix Metropolitan area’s best master-planned communities, is returning to its former glory. Foothills Park Plaza is located on the southwest corner of Chandler Boulevard and Desert Foothills Parkway in the affluent area of the Ahwatukee...

Coyotes to Relocate AHL Affiliate to Tucson

GLENDALE, AZ --- Arizona Coyotes’ President and CEO Anthony LeBlanc announced Thursday that the Club will move its American Hockey League (AHL) franchise to Tucson, Arizona for the start of the 2016-17 AHL season. The AHL’s Board of Governors approved the sale of the Springfield Falcons AHL franchise to...

TAR Reports Strong Pace in Home Sales April

Tucson Association of Realtors (TAR) has released stats for April 2016. Average Sales Price increased 3.88% this month to $221,260 from $212,988, while home sales pushed up 3.39%, according to the Tucson Association of REALTORS® Multiple Listing Service. “The pace of home sales has been strong, but sustainable for the...

Unemployment Rate Increased One-Tenth Percentage in April to 5.5%

Arizona’s Office of Employment and Population Statistics released Arizona’s seasonally adjusted unemployment rate on Thursday. Unemployment rate increased one-tenth of a percentage point from 5.4% in March to 5.5% in April. The U.S. seasonally adjusted unemployment rate remained unchanged at 5.0% in April. A year ago, the Arizona seasonally...

Grand Opening for Meritage Homes La Estancia Saturday

Meritage Homes is holding a grand opening of its newest community, La Estancia, Saturday, May 21st with affordable homes from the $170s. The whole family is invited out for an afternoon of fun at Meritage Homes' newest Tucson community, La Estancia, located in southeast Tucson. The grand opening event will...