Wednesday, March 20, 2019

Real Estate Daily News

NorthMarq sells The Riverwood Apartments in Buckeye, Arizona for $10.9 Million

PHOENIX, ARIZONA – The 136-unit Riverwood Apartments, located at 25157 W. Beloat Road in Buckeye, Arizona sold last week for $10,875,000 ($80,000 per unit). The NorthMarq Multifamily team of Bill Hahn, Trevor Koskovich, and Jesse Hudson represented both the seller and the buyer in this transaction.   Aspen Square Management,...

Promotion at Cadden Community Management Green Valley office

TUCSON, ARIZONA -- Tricia Beeler has been promoted to Area Manager of the Green Valley Cadden Community Management office. Tricia has been with Cadden since 2008. Tricia’s Green Valley team is responsible for managing 33 homeowners associations. The Green Valley location was opened 1991 and is located in the...

Real Estate Daily News

Sundt Starts Work on Student Success District

TUCSON, Ariz. – Sundt Construction, Inc. (www.sundt.com) recently started construction on the University of Arizona Student Success District in Tucson. “This project marks our 58th project on the University of Arizona campus,” said Dave Ollanik, Project Director for Sundt. “We look forward to again working with the University of Arizona...

Graycor delivers Ten Distribution Center Phase I for Irwin G. Pasternack...

1.1 million s.f. Phoenix industrial project targets large-scale logistics and e-commerce PHOENIX, Arizona  – Graycor Construction Company has completed construction of Ten Distribution Center Phase I in Phoenix for Irwin G. Pasternack AIA + Associates PC. The 1.1 million square-foot speculative industrial project is designed to meet skyrocketing demand in the Western...

Real Estate Daily News

KFMA Day returns to Kino Sports Complex March 23

PIMA COUNTY –The 20th annual KFMA Day, southern Arizona’s largest outdoor concert festival, returns March 23 to Kino Veterans Memorial Stadium, 2500 E. Ajo Way. Folks can still purchase advance tickets at any Tucson-area Pizza Hut for $45 cash or with debit or credit card for an additional $2 surcharge...

Evictions topic of March 21 panel discussion

PIMA COUNTY -- When families pay as much as 70 percent of their income on housing, it’s not surprising when a missed rent payment and, eventually, eviction result. Indeed, last year in Pima County, more than 13,000 evictions were filed in court. Many more never even make it through...

Tom ‘Mando’ Kapita rejoins engineering consulting firm Terracon as Manager of...

TEMPE, ARIZ. – A familiar face is rejoining engineering consulting firm Terracon. Tom “Mando” Kapita has been named Manager of Regional Services – GeoDesign. Kapita worked at Terracon previously from February 2001 to April 2013 and last served as Geotechnical Department Manager. In his new role Kapita will be responsible...

Tucson Lease Report March 11 – 15, 2019

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 11 thru 15, 2019. RETAIL – CASAS ADOBES PLAZA, TUCSON Flores Concepts; dba CharroVida, leased a 3,743-square-foot restaurant in Casas Adobes Plaza Shopping Center at SWC of Oracle & Ina Rds.  Paul...

California Investor Purchases 2020 On Central High-rise

Buyer Takes Advantage of Midtown’s Growing Popularity Phoenix, Arizona –Sperry Equities of Irvine, CA has purchased the Midtown Phoenix high-rise at 2020 N. Central Ave.  This marks Sperry Equities’ 10th purchase in Metro Phoenix in the last 24 months, and its first purchase in the Arts District of Midtown Phoenix...

Caylor Helps Tucson’s Hands of Hope Open Beautiful New Facility

TUCSON, ARIZONA -- Hands of Hope, a Tucson non-profit that provides free and confidential medical, educational and consultative support to women facing unexpected pregnancies, has opened their new facility in the Tucson Medical Park on East Grant Road across from Tucson Medical Center. The new facility was completed by Caylor...

AZCREW presents economic outlook ‘guru’ KC Conway at its March lunch

PHOENIX, ARIZ.  – Arizona's economy is growing at a rate not seen in more than a decade. The state averaged GDP growth of 3.4 percent in 2018 and a 3.2 percent increase is forecast for 2019. How do those lofty numbers affect the state’s commercial real estate industry? AZCREW, the leading...

Cathy Thuringer Named business unit leader for Trammell Crow Company’s Phoenix...

Phoenix, AZ– Trammell Crow Company (TCC) announces that Cathy Thuringer has been promoted to Business Unit Leader for the firm’s Phoenix Business Unit, effective March 31, 2019. Previously serving as Principal, Thuringer will assume responsibility for all development and acquisition projects, sourcing new pursuits, finance and overall day-to-day operations...

HSL Sells Bear Canyon Apartments to Cali Investment Portfolio for $35.6...

TUCSON, Arizona- HSL Properties (Omar Mireles, President) through its affiliate HSL Bear Canyon Apartments, sold Bear Canyon Apartments at 9055 East Catalina Highway in Tucson for $35.6 Million ($150,000 per unit) to M3 Multifamily Fund of Santa Barbara, CA. The property was originally platted for condominiums in 1996 with (72)...

Conor Commercial & Globe Corp. Sell AZ|60 Industrial for $27 Million

U.S. Trust, Bank of America Private Wealth Management Acquires 225,600 SF Property PHOENIX, Arizona – On behalf of Conor Commercial Real Estate and Globe Corporation, Cushman & Wakefield announced the firm facilitated the sale of AZ|60 Industrial, two buildings totaling 225,600-square-feet (sf) in the Southeast Valley. U.S. Trust, Bank of...

Ina Road opens over I-10 in Marana as interchange nears completion

Ramps connecting with I-10 expected to open in next few weeks MARANA, ARIZONA -- Ina Road has opened over Interstate 10 in Marana, a major step toward completing a modern traffic interchange that is one of the Tucson area’s largest road projects in years. Early Thursday, traffic began taking Ina Road...

Colliers International Adds Environmental Due Diligence Services

Real Estate Company Expands Client Services in Phoenix Phoenix, Arizona – Colliers International in Greater Phoenix is expanding its client services to include Environmental and Building Due Diligence Services. The new offerings will be available to property management, landlord and investor clients of the company as part of Colliers’ full-service...