WAREHOUSE / OFFICE – 2106 N. FORBES, TUCSON
Western Web & Graphics, Inc., specializing in Printing and Office Supplies & Equipment, renewed their 12,052 square-foot lease at 2106 N. Forbes, Suite 104 in Tucson from MRI Saddlehorn Investment Fund II, LLC. Rob Glaser, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 4601 S. 7th AVE, TUCSON
Ramon Ross and Laura Iriqui leased 5,370 square-feet at 4601 S. 7th Avenue in Tucson from CT Industrial, LLC. Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 1639 W. GRANT RD., TUCSON
Funland Express Party Rentals leased 3,600 square-feet at 1639 W. Grant from Rich Rodgers Investment, Inc. Funland Express Party Rentals offers a large variety of jumpers, bouncers, combos, water slides, obstacle courses, slides, interactive inflatables, concession machines, dulceria, piñatas, centerpieces, cakes, DJ, live music, characters, clowns, party supplies and much more. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL / OFFICE – 1870 W. PRINCE RD., TUCSON
ELM Locating & Utility Services leased 2,422 square-feet at 1870 W. Prince Road, Suites 67 & 68 in Tucson from Presson Corporation. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Alan Moore with Chapman Lindsey represented the tenant.[ismember]Exchange Place – Asking rate: $0.68 sq ft gross[/ismember]

OFFICE – 405 W. COOL DR., ORO VALLEY
ACTUS Biotechnology, a technololgy development company leased a 1,793-square-foot office lease at 405 W. Cool Dr. in Oro Valley, Ariz. The tenant, is relocating from its current space in Oro Valley in anticipation of growth. Built in 2002, the property is located just north and west of Oracle and Magee Roads. Featuring proximity to amenities and abundant at-door parking, the 10-unit office condo is now 70 percent leased. Jeff Casper and David Montijo with CBRE’s Tucson office represented the landlord, Tucson-based Louey Holdings LLC, in negotiating the lease terms. ACTUS, also of Tucson, was represented by Bob Davis and Tom Hunt with Rein & Grossoehme Commercial Real Estate’s Tucson office.

“Technology companies continue to be amongst the most active sectors in the Tucson office market,” said CBRE’s Casper. “The growth and success of companies like ACTUS will be essential to help create sustainable momentum in the market.”

RETAIL – 115 E. BROADWAY, TUCSON
Pueblo Vida Brewing Co. leased 1,300 square-feet at 115 E. Broadway in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction while Curt Stinson with Realty Executives represented the tenant.

OFFICE – 6979 E. BROADWAY BLVD., TUCSON
Randall Barnes and Craig Nochumson have leased 1,200 square-feet at 6979 East Broadway Boulevard, Suite 127, within Koepke Market Place Shopping Center. They plan to open a financial services office in the space, which is located in the shopping center adjacent to Kmart at the northwest corner of Broadway and Kolb. David Hammack of Volk Company Commercial Real Estate represented the Tenant. The Landlord is Koepke Market Place, L.L.C.

WAREHOUSE / OFFICE – 3816 E. 5TH ST., TUCSON
Old School Moving leased 625 square feet at 3816 E. 5th Street in Tucson from Palo Verde Enterprises, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 800 N. SWAN, TUCSON

Tucson Vision Rehab leased 623 square-feet at 800 N. Swan, Suite 102 in Tucson from 800 N. Swan, Inc. Jeff Zellet, Commercial Specialist and Pat Welchert, SIOR, Industrial Specialist and with Cushman & Wakefield | PICOR, handled this transaction.

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La Loma Grande, a new 215-acre industrial park near Mariposa Road in Nogales, AZ has broken ground in anticipation of the $213-million port expansion, slated for completion next year, and the increased cross-border flow of products from the growing assembly plant industry south of the border.

The project will be a hefty addition to the industrial market in the area, with large lots that can be used by manufacturers, border logistics companies, produce distributors, and custom brokers, among others.

Nogales customs house, Suarez Brokerage is planning a 38,000-square-foot office and warehouse facility just off of Mariposa Ranch Road. A mile north of La Loma Grande industrial park, Maval Warehouse is expanding its operations to include a new 25,000-square-foot warehouse on Industrial Park Drive.

Maval Warehouse, Inc. deals primarily in cross-border trade, such as importing fruits and vegetables from Mexico ad shipping automobile parts and raw materials to foreign-owned factories in Sonora.

“The expanded Mariposa Port of Entry promises to increase cross- border trade, making the decision to build a new warehouse a simple one,” said Marco Valenzuela, owner of Maval Warehouse.

Also in the works is a 90,000-square-foot produce warehouse on North Target Range Road, according to city records. Other projects, such as a 100,000-square-foot warehouse and a 5,000-square-foot office complex, both on Freeport Drive, are still in preliminary permitting phases.

The port serves as “a very important link in our logistic corridor,” said Nohe Garcia, owner of La Loma Grande. In January, Garcia expects his project to be far enough along to show businesses the first round of properties, which he said would be seven acres each.

The development’s large lots will allow Nogales to better compete with other ports of entry on the borders, such as Otay Mesa in California and Laredo, Texas according to Garcia. “We need to compete with them and Nogales doesn’t have any large lots,” he said.

Garcia is also working to bring what he calls “value-added manufacturing” to Nogales, in which an existing assembly plant in Nogales, Sonora sends products across the border for finishing or packaging, an idea that is in line with a recent University of Arizona study of Santa Cruz County businesses that called for greater integration with the plant south of the border.

For information on La Loma Grande contact Garcia at (520) 619-1186.

(Source: Nogales International, October 22, 2013)

Construction employment rose by 20,000 in September and the industry’s unemployment rate fell to a six-year low of 8.5%, while construction spending increased for the fifth consecutive month in August, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the data does not address any potential impacts from the recent federal government shutdown.

“Both of these reports show the industry was doing relatively well before the federal government shutdown forced many firms to hit the pause button,” said Ken Simonson, the association’s chief economist. “But the shutdown likely disrupted a wide variety of projects and may have caused private investors and developers to delay decisions about new projects or plant expansions. As a result, future spending and hiring gains may be weaker.”

Construction employment totaled 5,826,000 in September, a gain of 20,000 from the August tally, which was revised up by 8,000 from the Labor Department’s initial estimate. The September figure is 3.4% higher than in September 2012, while aggregate weekly hours of all construction employees rose 4.2% over the year, indicating that companies are adding to existing workers’ hours in addition to hiring new employees. Employment climbed for the month and year in both residential and nonresidential construction.

The industry’s unemployment rate dropped sharply over the past year, from 11.9% in September 2012 to 8.5% in September 2013—the lowest September rate since 2007. The steep decline in the number of unemployed former construction workers suggests companies may have trouble finding experienced workers if the volume of projects continues to expand, as it did in August.

“Today’s spending report showed increases in August in residential, private nonresidential and public construction,” Simonson noted. “But on a year-over-year basis, public construction has continued its long decline, private nonresidential spending is mixed, and only home- and apartment construction is booming.”

Total construction spending, as reported by the Census Bureau, climbed 0.6% in August from an upwardly revised July figure and 7.1% from August 2012. Private residential spending led the way with a 1.2% increase for the month and a 19% jump year-over-year. Private nonresidential spending eked out a 0.1% gain in August and a 4.3% rise over 12 months. Public spending rose 0.4% for the month but shrank 1.8% from a year earlier.