TUCSON, ARIZONA – Since 2013, Real Estate Daily News has maintained an online database of commercial real estate sales comps for the Southern Arizona market which now totals almost 10,000 records, 30,000 attachments and 10,000 images. These records have been obtained from official sources and are meticulously verified with the parties to each transaction.

The database software was originally developed by former programmers from Bell Labs in Chicago. In 2021 Real Estate Daily News engaged local IT experts to bring the online database offering to its next level, using the latest website and database technologies in its latest software release version 3.0.

“The new year has brought with it an increased interest in our Sales Comps product and we are very excited to bring version 3.0 to life using all-local Tucson talent,” said Karen Schutte, Publisher and Co-owner of Real Estate Daily News. “The 10,000 daily email circulation has commercial brokers, appraisers and investors throughout the Southwest wanting to know more about Tucson opportunities.

“As one commercial broker said to me recently, ‘A broker without sales comps is like a surgeon without a scalpel’ – tools of the trade – that need precision and accuracy to work in well-trained and experienced hands,” Schutte said.

The new technology in 3.0 features:

• A Comps Search Tool with more than 40 parameters to search and filter sales comps. Search results can be returned to include more than 40 record fields. The user interface was designed by commercial real estate brokers for commercial brokers. Fields are organized into intuitive categories that can be shown or hidden so they do not clutter your screen. Search parameters include on-screen pop-up explanations and a help panel provides extensive instruction at the hover of your mouse. The user-friendly comps search tool will make any real estate professional feel like a database expert overnight.
• The Comps Map Selection Tool extends the search tool using the latest Google Maps API technology. With a click of the mouse, users can draw multiple areas on Google Maps, to search sales records in that area. Users can instantly see the number of sales they selected along with the distancing of their search area.
• Search Results are returned in an easy-to-understand table that allows users to view a detailed report or multiple sales in a single report with all relevant documents and photos. In addition, users can also see their search results on Google map with the click of a button.
• Data Quality is the most important feature of any database. Experienced professionals with an ear to the Southern Arizona market compile data and documents with accuracy in context and commentary not available otherwise.
• Data Analytics: Using the latest data visualization technology, Real Estate Daily News Comps has begun delivering real-time charts and graphs to subscribers, who gain real-time insight and understanding of market transactions at a glance.
• Performance Improvement: The latest Microsoft SQL Server database engine can deliver state-of-the-art database speed, availability, security and reliability.

“We have taken aggressive management action to put ourselves in the best possible position for driving the business forward,” said Michal Rossmann, Co-founder and Chief Executive at Real Estate Daily News. “We have reassessed our business model with many more new announcements expected to be released this year. I want to pay tribute to our team members for their hard work and commitment over recent months.”

For a free demonstration of version 3.0 RED Comps, contact Schutte at (520) 877-2656.

STOS PARTNERS CLOSES 2021 WITH MORE THAN $330 MILLION IN TRANSACTIONS

TOLLESON, Arizona – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has sold a 227,000- square-foot, single-tenant industrial property in the Phoenix Metro area submarket of Tolleson, Arizona, for $27.5 million ($121 PSF).

This sale comes on the heels of a record year for the firm. Stos acquired 11 properties last year totaling $221 million and sold five assets totaling $112 million, bringing the firm’s total transaction volume in 2021 to more than $330 million.

According to CJ Stos, Principal at Stos Partners, the firm originally acquired the Tolleson property in December 2020 for $16.35 million, marking its entrance into the Arizona market.

“We were able to successfully translate our proven industrial investment strategy, which we’ve enacted throughout Southern California, to the Phoenix market, resulting in a nearly 70% increase in value over the approximately 1-year hold,” says Stos. “We had been monitoring the Arizona market for several years and officially made the decision to expand our holdings into the area with this acquisition. Although we were bullish when it came to this investment from the start, the property outperformed our expectations and we ultimately sold ahead of the business plan based on market demand.”

The firm initially secured the asset in an off-market, all-cash transaction based on existing relationships and ability to close in less than 30 days to meet an accelerated timeline, notes Jay Boyle, Executive Vice President at Stos Partners.

“Due to our reputation in the market and strong capitalization, we were able to purchase this property for a competitive price and execute our ownership strategy,” explains Boyle. “During escrow at the end of 2020, we secured a new lease with the existing tenant for an additional five-year term, which maintained cashflow and further positioned the asset for long-term success.”

Jason Richards, Partner at Stos Partners, adds: “We strategically identified Tolleson as a submarket that offers large distribution and manufacturing tenants a prime infill location within the growing Phoenix metro, where we will continue to seek opportunities amidst Arizona’s pro-business economy and robust labor supply.”

Richards also points to recent CBRE data, which revealed that nearly 30 million square feet of industrial space under development in the Phoenix metro in Q4 of 2021, with approximately one-third of that already leased or sold to users.

The property was built in two phases in 2005 and in 2016. It features 32’ clear height, dock-high loading doors, and variety of high-quality amenities.

The building is located at 10300 W. Buckeye in Tolleson, Arizona. The asset was sold to an undisclosed institutional buyer.

Stos adds: “In 2021, Stos Partners further expanded our presence in Arizona with the purchase of two industrial properties, as well as entered the Midwest market with our first acquisition in Indiana. In addition to remaining active in key Southern California markets such as the Inland Empire, Los Angeles, and San Diego, we’re continuing our strategic geographical growth and are looking to expand into Texas this year.”

PIMA COUNTY, ARIZONA – Pima County Regional Flood Control District (District) and Tucson’s Northwest Fire District are partnering with Tucson Audubon Society to prevent fires and restore native Sonoran Desert habitat.

This week the Tucson Audubon Society will be removing salt cedar trees and other invasive species from the Santa Cruz River channel west of the river’s confluence with the Cañada del Oro Wash. Using chain saws and other tools to cut the trees, workers will also be driving vehicles in the river bed to remove invasive vegetation.

Removing the fire-prone invasive plant species, and introducing the firebreaks, is just the first stage of the District’s larger initiative to restore the native riparian ecosystem with enhanced floodplain function. Native trees will support a great variety of wildlife and be available for human enjoyment and recreation.

Tucson Audubon Society workers will remove invasive species from El Corazón — the heart of Tucson’s rivers, at the confluence of the Santa Cruz River, Rillito River, and the Cañada del Oro Wash. While greatly reducing fire danger to surrounding commercial and residential development, the project will also launch the process of restoring degraded land to prime waterway habitat for birds and other wildlife. Tucson Audubon’s mission to protect the birds of Southeast Arizona also protects and supports the people who live here.

Jennifer Becker, Principal Hydrologist at the District says, “We are happy to work with Tucson Audubon on this long-term project. They remove the fire danger, and plant native species in the flood plain. Native plants thrive and native bird and other animal species return. This desert habitat also provides a more authentic recreational experience along the Santa Cruz River corridor.”

Tucson Audubon Director of Conservation and Research, Jonathan Horst, describes the project as a great example of “[h]ow Tucson Audubon’s work to protect birds is in fact protecting the integrity of the Sonoran Desert ecosystem itself, as well as the safety and well-being of the people who have made their home here.”