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Kamel Properties, LLC an affiliate of Pools By Design, Inc. (Kenneth Larison, President) bought a 1,760 sq. ft. office condo at 7368 N La Cholla Blvd. in the La Cholla Corporate Center at La Cholla & Magee, for[mepr-show rules=”58038″]$265,000 (about $150 per foot). The property was bank owned by Compass Bank when it sold and will be owner occupied by buyer.

Pools By Design, a Tucson-based business, is in custom swimming pool designer and landscape construction company with 35 years experience in the industry. During Larisons’ years of experience he has worked as a designer, project manager, sales manager and general manager for three of the largest pool companies in the nation. He has been a leader in the industry with many design awards and achievements.

From the company’s website, Larison states, “My focus is on providing guidance based on my years of experience coupled with my commitment to conservation and intelligent design. So much of my success has come from a commitment to people, not only to my clients, but also my subcontractors, vendors and business professionals. Every day I ask people to perform above and beyond on my projects. I can only be successful if I provide the same willingness to serve.”

Larison started Pools by Design partly as a result of the changing market. Consumers must be selective to protect their investment. “Today our clients are looking for a higher level of service, attention to detail and a great value. At Pools by Design, that is our mission. We focus on providing excellent service while keep our overhead low. This creates happy customers, which makes for new business referrals. Lower operating costs are passed on as savings to our clients. It all works very well.”

David Montijo and Jeff Casper of CBRE in Tucson had marketed the property for $290,400 and handled the REO sale for Compass Bank. Maryanne Larison of Russ Lyon Sotheby’s represented the buyer.

Ken Larison can be contacted at (520) 797-6675. Dave Montijo is at (520) 323-5136 and Jeff Casper at (520) 323-5181. Maryanne Larison can be reached at (520) 742-1335.

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With the Arizona Republic reporting a “land rush” in metro Phoenix and new home building up 71% in 2012 over 2011, there are indications of recovery underway from the past six year slump.

On February 11, 2013, Alta Vista Communities ASNE, LLC (Roger Karber, manager) paid $2.36 million for 9.61 acres ($5.67 per foot) from Hatcher Plaza, LLC (Michael A Pollack, manager) at the northeast corner of Alma School and Pecos Roads in Chandler, AZ to construct 112-detached rental units ranging in size from about 640 sq. ft to 1,250 sq. ft. Final development costs for the gated community called “Aerie at Alma & Pecos East” is estimated at $14 million and scheduled to begin construction in March for an October 2013 opening, and January 2014 build out.

Shane McCormick of Michael A Pollack Real Estate Investments of Mesa handled the transaction.

Alta Vista Communities ASNE, LLC is a joint venture of Karber Holdings (Roger Karber, principal and founder of Aerie Development), Iridus Holdings (G.F. Jaggi) and Brav Holding Company (Garry Brav, President and Founder of BFL Construction) all from Tucson. BFL will serve as contractor on all the projects. Wells Fargo is handling financing.

Pollack is also holding an additional 13 acres at the northwest corner, where Alta Vista has plans for expansion of an additional 145-detached rental units, that is scheduled to close later this year for $3.08 million.

Alta Vista is looking for more sites in Southeast Phoenix as well as parcels in Northwest Tucson to add to their current five residential projects in various phases of construction.

Aerie at Tanque Verde (build 2012) at 2495 N Desert Links, Dr. Tucson has 85 one-story detached homes on 6.3 acres. Aerie 4050 (built 2012) at 4050 W Aerie Dr., Marana has 150-detached homes on 8.3 acres, and Aerie 1000 at 1000 W River Road, Tucson is under construction with 68-detached homes on 6.6 acres.

Karber can be reached at (520) 977-5456. Pollack is at (480) 888-0888 and McCormick at (480) 968-9618. To reach Brav call (520) 882-4800. To find out more on these Tucson communities, contact Aerie 4050 at (888) 927-8501 and Aerie at Tanque Verde at (888) 927-8512.

On Feb 11, 2013 Canadian owned, Acana Capital Corp. (CNSX:APB), Eugene Beukman, CEO, through a wholly owned subsidiary, Acana Capital USA, Inc., completed its acquisition of 100 per cent of the shares in two LLCs controlled by a shareholder of the Company, Lakhwindar Janda of the Janda Group, LLC and in so doing, acquired the following real estate projects:

An office / warehouse building at 5575 S Houghton Rd in Tucson, AZ for the purchase price of $2.3 million (USD) or about $74 per square-foot. Purchase delivered to the vendor as a $1.3 million (USD) convertible debenture and a $1 million promissory note. The convertible debenture bears interest at 4% per annum, due in 5-years, and is convertible to preferred shares of the Company. The promissory note is due on demand and bears an interest rate of 3% per annum.

The 31,042 sq. ft building, constructed in 1997, is located on 3.09 acres and sold vacant; accordingly the vendor reduced its price from a $3 million asking price to market value. The building is currently divided into 5,341 sq. ft fully air conditioned office space and 25,701 sq. ft. manufacturing / warehouse space, formerly occupied by Global Solar Energy and Medusa Machinery. The company anticipates leasing the building and has it marketed exclusively by Peter Douglas of Picor Commercial Real Estate a Cushman Wakefield Company of Tucson.

The second property acquired was more than 74 acres of farm land in Courtland, CA for $400,000 (USD) paid in cash. Acana had previously been in negotiations to acquire the California land but the transaction did not complete. The vendor reduced its price by $100,000 (USD) and accordingly Acana Capital USA completed the transaction at this reduced rate.

Acana Capital Corp. portfolio, with ownership interests in Canada, California and now Arizona, is valued at approximately $6 million in real property.

Acana Capital Corp. was formed June, 2007 in British Columbia, Canada. The company’s principal activity is the acquisition and development of real properties. The Company’s head office, registered office and record office are all located at Suite 200 – 8338 120th Street, Surrey, BC, V3W 3N4 Eugene Beukman and Lakhwinda Janda can be reached at (604) 592-6881. Peter Douglas of Picor is at (520) 546-2711.