Saturday, March 25, 2017

Real Estate Daily News

NAI Horizon hires Michael Gaida to bolster business brokerage efforts

PHOENIX, ARIZONA – NAI Horizon is pleased to announce that Michael Gaida has joined the company as an Associate to help grow and maintain business brokerage initiatives. His primary areas of responsibility will be business brokerage and retail and industrial leasing and brokerage. Past businesses sold have been in the...

Real Estate Daily News Buzz March 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...

Real Estate Daily News

NW Tucson Growth Exceeds Expectations along Oracle Corridor

TUCSON, Arizona -- Nestled along the base of the Pusch Ridge Mountains, the Oracle Road Corridor from the Town of Oro Valley to Catalina has many new developments reporting 'business exceeds expectations'. The Canyons at Linda Vista Trail Apartments at 9750 N Oracle Road in Oro Valley, owned and developed...

Clarendon Park Apartments Sell for $17.5 Million

Cushman & Wakefield Negotiates Sale of Midtown Apartment Community PHOENIX, Arizona – Cushman & Wakefield announced the $17.5 million ($126,811 per unit) sale of Clarendon Park, a 138-unit apartment community located at 222 W. Clarendon Avenue in Phoenix, to Phoenix-based Rincon Partners, LLC. Brett Polachek and Jim Crews from the Cushman...

Real Estate Daily News

Real Estate Daily News Buzz March 23, 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...

BMO Harris Bank Branch in Tucson Sells for $2.52 Million

TUCSON, Arizona -- The BMO Harris Bank occupied property at 1200 N Wilmot Road in Tucson sold for $2.52 million ($506 PSF). The buyer and seller were both from California and the property sold for investment leased to the bank. Located at the signalized intersection of Speedway and Wilmot, the...

Terrace Park Apartments in West Phoenix Sold for $14.25 Million

Canadian Investor Expands Portfolio of Greater Phoenix Assets Phoenix,  Arizona  – The Terrace Park apartment community at 8130 W. Indian School Rd. in Phoenix has been sold to a Canadian investor for $14.25 million  ($66,901 per unit).  The purchase marks an expansion of Western Wealth Capital’s portfolio of Metro Phoenix...

Pima Board of Supervisors approves naming plan for January 8th Memorial

PIMA COUNTY – On Tuesday, March 21, the Pima County Board of Supervisors, in a 4-1 vote, approved a plan for naming opportunities of the January 8th Memorial, which includes a donation agreement and acceptance of a $500,000 donation from Tucson Medical Center. Tucson's January 8th Memorial Foundation planned this...

Lee & Associates Brings on Investment Team, Adding More Talent to...

PHOENIX, AZ –  Lee & Associates in Phoenix is pleased to announce the addition of Steven Gonzalez, Marcus Muirhead and Greg Guglielmino as Investment Principals joining Lee’s existing Investment Group. Prior to joining Lee, the veteran group most recently worked as investment brokers at Colliers International and at Marcus &...

Real Estate Daily News Buzz March 22, 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...

The Window Depot Speedway Property in Tucson Sells for $2.64 Million

TUCSON, Arizona -- A private trust of the Scar Family in Santa Barbara California purchased a 13,200-square foot retail/wholesale building located at 5123 E. Speedway Blvd. in Tucson for $2.64 million ($200 PSF) for investment. The seller, Solar Industries, Inc. of Tucson (Don Medoff, president) sold the property fully occupied...

Medical Practice Closes 1.12 Acres of Land in the East Valley,...

MESA, Arizona – ORION Investment Real Estate recently sold the land site located on the southeast corner of Sossaman and Baseline Road for $250,000 ($5 PSF). The vacant land in Mesa is located at 7615 East Baseline Road at a signalized intersection. The land is approximately 49,500-square-feet, with approximately 190...

Tucson February Housing Report: Appreciation on the Rise

TUCSON, Arizona -- Tucson Association of Realtors (TAR) released stats for February and sales volume and prices are all pointing up. Average Sales Price increased 3.63% this month to $225,032 from $217,144, while home sales pushed up 15.77%, per the Tucson Association of REALTORS® Multiple Listing Service. The Average Selling...

Sports grill helps Chandler site get back in the game

Sigma Contracting, DPA Architects breathe life into area Scottsdale, Arizona – The ownership team of Blue 32 Sports Grill continued its business plan of expansion by engaging a pair of locally owned companies to design and construct its fourth location, bringing life to a Southeast Valley corner that has been...

Real Estate Daily News Buzz March 21, 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...

Tucson Lease Report March 13-17, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 13 thru 17, 2017. INDUSTRIAL – 3510 S. CAMPBEL, TUCSON Canyon Pipe & Supply Inc. leased 20,300-square-feet at 3510 S. Campbell from Encor Management, LLC.  Gary Emerson of GRE Partners, LLC handled...