Ross Brown Partners Brokers the Sale of Office Building at Pima Center

Scottsdale, Arizona — Ross Brown Partners, a privately owned local commercial real estate brokerage and management company, completed the sale of 8454 N. 90th St. The fully leased, 21,400-square-foot office building was sold by CQR Holdings, LLC and purchased by JB Holdings, LLC, which are both based in Arizona. The transaction was handled by Shawn Dooley and Kyle McGinley of Ross Brown.

Safeguard Security, which was recently acquired by AAA Home Smart, is the sole tenant in the building.

“We had considerable buyer activity during the marketing of this asset, with the majority being 1031 requirements,” said Shawn Dooley, associate with Ross Brown Partners. “This asset lined up exceptionally well with individual private capital due in large part to the quality of the tenant, ease of management and passive income.”

Pima Center is a 232-acre, mixed-use business and lifestyle park located at the intersection of the Loop 101 freeway at Pima/90th Street and Via de Ventura. Developed by MainSpring Capital Group, the park has more than 1.7 million-square-feet of completed buildings and is home to companies such as Plexus Worldwide, First American Title, Nationwide Insurance, iMemories, HonorHealth, Nant Energy, Renaissance Companies and many others. Ross Brown Partners has been successfully leasing, selling, and managing commercial real estate in the Phoenix MSA since 1990.



Sundt Foundation Awards Over $40,000 to Tucson Charities

TUCSON, Ariz.  – The Sundt Foundation awarded a total of $41,900 in grants to 20 Tucson-area nonprofits during its third-quarter disbursements.

To be able to award over $40,000 in funds to local Southern Arizona charities hits at the core of our company’s purpose,” said Randy Rusing, Sundt Foundation President. “Being able to live that purpose is very important for our employee-owners.”

Third-quarter grants include:

$3,000 Grant Recipient

  • Outdoor Adventures for Wounded Veterans, Inc.

$2,500 Grant Recipients

  • Benson Area Food Bank
  • American Cancer Society
  • The Shyann Kindness ProjectHealing Arizona Veterans
  • American Gold Star Mothers, Inc. Tucson Chapter
  • Military Assistance Mission
  • Candlelighters Childhood Cancer Foundation of Southern Arizona

$2,000 Grant Recipients

  •  The Child Language Center, Inc.
  •  YMCA of Southern Arizona
  • Literacy Connects
  • Big Brothers Big Sisters of Southern Arizona, Inc.
  • St. Luke’s Home
  • Blair Charity Group
  • Project Linus Tucson

$1,500 Grant Recipients

  • Diaper Bank of Southern Arizona
  • Angel Heart Pajama Project
  • Turn Your Life Around
  • The Christ Child Society of Tucson

$1,400 Grant Recipients

  • Izi Azi Foundation

The Sundt Foundation awards grants each quarter to area charities that support disadvantaged children and families. Nonprofits are selected through an application process and reviewed by a committee of Sundt employee-owners.

Sundt’s purpose is to build environments where its clients, employee-owners and communities prosper. The Sundt Foundation was established in 1999 as a way for employee-owners to give back to the communities in which they live and work. The organization is funded primarily by contributions from Sundt employees, which are matched by the company. To date, the Foundation has awarded more than $9.8 million in donations. Nonprofit organizations interested in applying for a grant may call (480) 293-3000 or visit www.sundt.com/community-industry/sundt-foundation/ for more information. Sundt has offices in Tempe and Tucson, Arizona; Salt Lake City, Utah; San Antonio, Fort Worth, Irving and El Paso, Texas and Sacramento, San Diego and Irvine, California.



Study Reveals which States have Fastest Growing Markets for Vacation Homes

When you think of vacation homes, you may think of sandy beaches or tropical timeshares.

But a new study revealed the fastest-growing vacation home markets are in surprising parts of the US. From the mountains of Montana to the banks of the Mississippi, we analyzed vacation home data in all 50 states and identified which states have seen the greatest increase in vacation properties since 2009.

According to our analysis, Montana experienced the most significant growth with a 63% increase in the number of vacation homes over the past decade. Wyoming, on the other hand, saw the smallest growth, with only a 5% increase during that same period.

Take a look at the full study results to see how each state stacks up.