RL Brown Housing Reports Is Taking Over Bright Futures Tucson

TUCSON, Arizona — Subscribers to Bright Futures lots and building permit data service in Tucson were informed this week that RL Brown Housing will be taking over the subscription service going forward.  The letter follows:

Dear Bright Future Market Information User:
First, let me welcome you to RLBrownReports/Home Builders Marketing, Inc.

Secondly, let me congratulate Ginger on her new opportunity.  RL Brown and I have worked with Ginger and with John Strobeck for a couple of decades and have enjoyed both our business relationship and a personal friendship.

By joining our RLBrownReports client family, we promise you that we will do our best to continue to provide the high quality of information, analysis, and service that you have enjoyed over the years from Ginger and John.

We welcome your business and your emails and calls with questions, comments, or concerns.  Our contact information is below, and we also answer our own phones and respond to every email as well as to messages on Linked In.

Many of you know RL, as he has been involved in the region’s housing markets for many years as the regional housing market data and analysis resource and continues in that role. I have been our firms “Data Guru” for over ten years and have collaborated with Ginger and Tucson’s data in our Magic Pro software application on a continuing basis.

In addition, I will be an active participant in Tucson market activities, SAHBA meetings, and the like.

The transition should be seamless with just some changes in addresses and phone numbers.  Our firm goes by the RLBrownReports handle, and our legal and accounting name is Home Builders Marketing, Inc.  We are a 35-year-old  “C” Corporation.  Your future billing and payment information will be handled by Joann Brown, whose contact info is below also. She will send you a new W-9 by separate email.

Our website is RLBrownReports.com.   Our reports can be subscribed to by calling me. We are on Linked In and regularly post market happenings.  Search as Jim Daniel and RL Brown Reports.

Have a great day and I look forward to meeting you at the SAHBA meeting Tuesday.

Jim Daniel

 




Camelback Corridor Office Building Trades for $2.65 Million

Phoenix, Arizona CBRE has brokered the sale of an office building located at 2901 E. Camelback Road in the Camelback Corridor of Phoenix. A Toronto, Canada-based limited partnership acquired the 22,172-square-foot property from a company formed by Phoenix-based Ironline Partners, LLC, for $2.65 million. The 2901 building, which was acquired by 2901 E. Camelback II, LLC for $1.55 million in 2017, is on a ground lease with 28 years remaining.

Ironline Partners, LLC, has been active in Arizona during the last several years, acquiring in excess of $54 million in real estate holdings in the last five years.  Bob Young, Glenn Smigiel, Steve Brabant, Rick Abraham and Kevin Calihan represented Ironline in the transaction. Bruce Francis, Dana Summers, Bob Ybarra, Shaun Moothart, and Doug Birrell of CBRE Debt & Structured Finance secured a loan on behalf of the buyer.

Developed in 1999, the two-story building is 100 percent leased to five tenants and features a three-level subterranean parking garage. Clear Title Agency of Arizona occupies over half of the leasable space. The property is in the prestigious Camelback Corridor submarket, which boasts some of the highest average rental rates in metro Phoenix at $30.59, according to CBRE Research. Tenants are attracted to the submarket due to its amenities, concentration of Class A office and access to talent. Within a 20-minute commute, employers have access to more than 250,000 professionals and highly educated workers.

Area amenities include over 40 restaurants and retailers, including Arizona’s premier luxury shopping and dining destination, Biltmore Fashion Park.




NAI Horizon adds former brokerage firm owner Christopher Lewis to its industrial, land divisions

PHOENIX, ARIZ. – NAI Horizon is pleased to announce it has hired land and industrial specialist Christopher Lewis, former designated broker and owner of a Valley brokerage company.

Lewis, a native of Omaha, Nebraska, has extensive experience in distressed properties, REOs and underperforming assets. In addition to value-add opportunities, Lewis has significant experience in vacant and agriculture land. He also possesses considerable knowledge of the trustee sales process.

Lewis, who will serve as a vice president at NAI Horizon, was designated broker/owner of Arizona Brokerage Company for 6 years.

“I am happy that Chris decided to join our NAI team,” said Terry Martin-Denning, CEO/Designated Broker of NAI Horizon. “His areas of expertise fill a niche that will allow NAI to better serve our clients.”

Lewis is a graduate of the University of Nebraska-Lincoln. His philanthropy includes volunteering with Phoenix Children’s Hospital and the Boys and Girls Clubs of Phoenix.