GREEN VALLEY, ARIZONA — A trial run of weekly “Country Markets” at Green Valley’s Historic Canoa Ranch was such a success that organizers will continue the events through May 30.

Visitors will find artisans, vendors, food trucks and more will be on hand each Thursday from 9 a.m. to 2 p.m. at the ranch, 5375 S. I-19 Frontage Road in Green Valley.

Historic Canoa Ranch is managed by the Pima County Natural Resources, Parks and Recreation Department. Guests also can enjoy music, local produce and much more at the market.

“We got great feedback on these markets, with attendance increasing each week,” Valerie Samoy, NRPR special staff assistant, said. “Not only did visitors have a good time, but vendors were thrilled with the amount of business they conducted. It was a win-win for everyone.”

The vendor fee for a 12 x 12 space is $20. All vendor fees go towards the restoration of the Tradesman House for a future research/oral history library and gift shop. Vendors keep their sales.

Prospective vendors should contact Market Coordinators Michael Reece at [email protected] or 520-393-0624 or Jo Ream at [email protected], 520-909-3218.

The entry gate to Historic Canoa Ranch is open seven days a week from 7 a.m. to 4 p.m. for access to the newly restored Canoa Lake and the Anza Trail. Guided tours of the historic site are conducted Tuesdays and Saturdays at 10 and 11 a.m. Visit www.pima.gov/canoaranch for more info on programs and other guided tours.

In 2001, Pima County purchased and began to restore the 4,800-acre Canoa Ranch complex with voter-approved 1997 and 2004 bond funds. Pima County opened the ranch headquarters to the public in March 2013.

$1.8 billion in 2018 sales reflect high volume, strong fundamentals, large developments

 PHOENIX, Arizona – Total Phoenix industrial sales volume hit $1.8 billion in 2018, nearly double the sales volume achieved in 2017 for local owner-user and investment flex and industrial product above 10,000 square feet, according to JLL’s Q4 Phoenix Industrial Market Report. The West Valley accounts for the majority of these sales, with the Southwest Valley alone amassing almost $698 million in sales volume across 89 transactions.

“E-commerce has disrupted sectors across commercial real estate, and the West Valley is the de-facto home for local e-commerce distribution center construction and investment,” said JLL Senior Vice President Peter Bauman. “This has placed the limelight on industrial real estate in Phoenix, solidifying it as a product type that is not only here to stay but that has tremendous value for investors.”

Bauman is seeing many institutions actively repositioning their portfolio from office and retail properties into industrial assets, and continues to see new foreign capital investors purchasing industrial properties.

According to JLL, more than a quarter of all transactions in the last five years took place in 2018, representing 482 transactions. Within this activity, the average building size remained roughly the same but prices have increased significantly, with price-per-square-foot up 14.52 percent year-over-year (up 17.05 percent over five years). The average sale price is also up 36.7 percent year-over-year (up 22.7 percent over five years).

“There is a very strong demand to place capital in Phoenix industrial product, and particularly the Southwest Valley where costs are lower, opportunity is high and there exists the highway infrastructure and workforce needed to keep large industrial operations functional,” said Bauman.

The largest Phoenix industrial deal of 2018 was Buckeye Logistics Center, a 1,009,351-square-foot distribution center that sold for $98.32 million ($97.41 per-square-foot). The most expensive deal of the year was a 910,250-square-foot Albertson’s Distribution Center in a sale-leaseback, trading for $116.12 million ($127.58 per-square-foot).

For the full report Industrial Insight_Q4 2018_Phoenix

To access JLL research for Phoenix and across the U.S., visit the company’s research page at https://www.us.jll.com/en/trends-and-insights#research.

TEMPE, ARIZONA ‒ Liv Communities is expanding its footprint in the Valley with the opening of its third senior living community, LivGenerations Pinnacle Peak.

A grand opening ceremony is scheduled for Feb. 28 at the $40.5 million, 110-unit property at 23733 N. Scottsdale Rd., in Scottsdale. Liv Communities has senior living communities in Gilbert and Ahwatukee.

LivGenerations Pinnacle Peak totals 170,000-square-feet and offers independent living, assisted living, and memory care apartment homes. The Terrace Apartments (independent living and assisted living) offer eight floor plans. Alla Vita (memory care) offers two floor plans.

“We are delighted to open our doors to the neighborhood of Pinnacle Peak, and welcome everyone to experience what makes LivGenerations such a special place for older adults to call home,” said Scott McCutcheon, COO of LivGenerations. “Our community is not simply the newest, most stunning older adult community in the area, it is a one-of-a-kind masterpiece. Our team is trained and dynamically determined to assure each customer is living life to the fullest.

“The independent living, assisted living, and memory care community is LivGenerations’ third resort-style senior living environment that represents what today’s seniors demand in housing,” McCutcheon said.

LivGenerations Pinnacle Peak features a full range of luxury amenities including classes in the state-of-the art Liv Fit Fitness Center; a heated saltwater pool; yoga and meditation; a walking club; non-denominational worship services; the Mosaic Art Studio; and the Orchid Salon and Day Spa.

Social amenities include wine tastings in the Infusions Wine Cellar; Barley’s Bourbon Bar, the Silk Tassel Tea Room; a movie theater; and a dog park.

Ryan Companies US, Inc., is the general contractor; Todd & Associates Inc. is the architect of record; and Thoma-Holec Design (LuAnn Thoma-Holec) is the interior designer.