Sunday, May 28, 2017

Real Estate Daily News

Topping out of Optima Kierland condominium tower signals new era in...

PHOENIX, Arizona – The last concrete beam has been placed atop 7120 OptimaKierland, signaling the culmination of this phase of construction and the beginning of a new era of luxury, high-rise condominium living in North Scottsdale. Optima Kierland’s structure is now complete with more than 60 percent of the...

Real Estate Daily News Buzz May 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...

Real Estate Daily News

Louis River buys Two Office Condos in Tucson for $1.22 Million

TUCSON, Arizona -- Louis River, LLC (Emil H Annabi, member) purchased a 2,510-square-foot office condo located in the Oracle Medical Plaza Condominiums at 7530 N. Oracle Rd., Suite 200, in Tucson.  The investment property was purchased from Natomand, LLC for $633,000 ($252 PSF).    Isaac Figueroa, Office and Investment Specialist...

Southern Business Center Sells for $3 Million to NATIVE HEALTH

PHOENIX, Arizona – CBRE Group, Inc. completed the sale of Southern Business Center, a 39,244-square-foot office property, located at 777 W. Southern Ave. in Mesa, Ariz. The property commanded a sale price of $3 million ($76.44 PSF). Jamie Swirtz with CBRE’s Phoenix office negotiated the transaction on behalf of the...

Real Estate Daily News

UA Eller 2017 Breakfast with the Economists set for May 31...

Experts to address new Federal administration, impact of minimum wage increases, rising interest rates, population gains and more TUCSON, Arizona – Job growth in Tucson has hit its highest pace in four years. But how will changes proposed by the Trump administration, rising interest rates and significant increases to Arizona’s...

ORION Negotiates 1.9-acre Land Site in Phoenix

PHOENIX, Arizona – ORION Investment Real Estate recently sold the land site located at 3734-3744 East Illini Street in Phoenix for $650,000 ($7.87 PSF). Located on the hard corner of 38th Street and Anne Street, the site has immediate access to Interstate 10 and is minutes from Phoenix Sky...

Real Estate Daily News Buzz May 25, 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...

Multi-tenant Storefront Near Downtown Tucson Sells for $1.3 Million

TUCSON, Arizona -- Private investor, Brian Cummings of Tucson purchased the storefront building with three tenants at 760 S Stone Avenue in Tucson for $1,314,350 ($202 PSF). The 6,500-square-foot building on a 7,525-square-foot City lot was built in 1928. The property has been beautifully renovated and fully activated with great...

CBRE Completes Metro Phoenix Apartment Sales Totaling $2.1 Million

PHOENIX, Arizona – CBRE Group Inc., has arranged the sales of two multifamily properties in the Phoenix metropolitan area in two separate transactions totaling $2.1 million. Brian Smuckler and Jeff Seaman with CBRE’s Multifamily Investment Properties team in Phoenix represented the buyers and sellers in the following transactions. Delana is...

Board of Supervisors approve tentative Pima County FY 2018 budget

Pima County Budget Includes proposed 25-cent special property tax for road repair PIMA COUNTY – On Tuesday, the Pima County Board of Supervisors in a series of separate votes adopted the tentative budget for Fiscal Year 2018, which begins July 1. The tentative budget sets the expenditure limit for next...

Dealmaking in full swing at RECon 2017

LAS VEGAS, NV -- The world’s biggest retail real estate convention is living up to its name again this year, as tens of thousands of retail real estate professionals from around the globe gather in Las Vegas for this week’s ICSC RECon 2017. Delegates swarmed through the convention center as...

Real Estate Daily News Buzz May 24, 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...

Several Tucson Industrial Investment Properties Sell for $10.9 Million

TUCSON, Arizona -- CBRE facilitated the sale of Sierra Valencia at the northeast corner of Valencia and Hemisphere Loop in Tucson International Business Center to California investors for $6.314 million ($76 PSF). The 82,737-square-feet industrial flex building was fully occupied technically with two spaces with 9,000-square-feet soon to become...

Andante Multifamily Sold for $85.25 Million in Ahwatukee

PHOENIX, Arizona – CBRE Group, Inc., has arranged the sale of Andante, a 576-unit, Class A multifamily community located at 15801 S. 48th Street in Phoenix’s Ahwatukee submarket. The community sold for $85.25 million ($143,000 per unit). Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office...

Vegas Means Business for Retail Professionals at ICSC RECon 2017

LAS VEGAS, NV -- Known as the world’s largest retail convention, ICSC RECon 2017 kicked off Sunday and will continue until May 24. It is expected to draw approximately 37,000 attendees and 1,200 exhibitors from 58 countries, according to the organization’s website. There will be dozens of sessions and three...

Holualoa Sells Discount Tire HQ in Scottsdale for $40+ Million

Scottsdale, Arizona – Marc Bonilla and Jim Keeley of Colliers International in Greater Phoenix have negotiated the $40.18 million sale of the Discount Tire Corporate Headquarters project located at 20225 N Scottsdale Rd. The two-story Class “A” office project was developed by Opus West Corp. in 2002 through a structured...