Sunday, April 30, 2017

Tucson’s Funtasticks Fun Park Sells in EPR and CNL $700M Transaction

TUCSON, Arizona -- EPR Properties, a Kansas City-based publicly traded REIT and CNL Lifestyle Properties, Inc. have completed the last tranche of the previously announced acquisitions of the Northstar California Ski Resort, 15 attraction properties (waterparks and amusement parks) and five small family entertainment centers for aggregate consideration valued...

Greater Phoenix Retail Kicks Off 2017 With Strong Leasing

Net Absorption Outpaced Expectations and Vacancy Declined in First Quarter. PHOENIX, Arizona -- Colliers is reporting the first three months of 2017 brought robust net absorption to the Phoenix retail market, according to a report released by Colliers International in Greater Phoenix.  Net absorption outpaced expectations, vacancy dropped lower and...

Pima County Regional Park in Vail Opens Wednesday, May 3

Pima County -- A Pima County park located on the southeast side of Tucson and named for a historic Southern Pacific Railroad stop will open on Wednesday, May 3. The 274-acre Esmond Station Regional Park will serve Vail and Rita Ranch area residents, offering a walking trail, five separate fitness...

Scottsdale Private Lending Expands, Hires Carl Osberg

Scottsdale, Ariz. – Scottsdale Private Lending (SPL), a private real estate lending company owned by principals Phil Sollomi and Tom Graziano, have announced the addition of the company’s first loan production employee. Carl Osberg joins SPL as an associate, in which he will source and underwrite investment real estate...

Real Estate Daily News Buzz April 28, 2017

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you...

Land for New Discount Tire Store Sells at Tucson Marketplace at...

TUCSON, Arizona – Scottsdale-based Halle Properties, LLC (Bruce Halle) doing business as Discount Tire/America’s Tire, the world’s largest tire and wheel retailer, purchased 1.08 acres at 3025 S Kino Parkway, located to the north of Culver's, in Tucson Marketplace at the Bridges for $875,000 ($18.58 PSF), . The company currently operates...

ViaWest Sells $23.3M Twin Office Properties in Chandler Midway Corporate Center

PHOENIX, Arizona – On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller,...

Metal Construction News: Cotlow Co. Building in Tucson Editor’s Pick

Mixed warehouse - flex office space maximizes metal TUCSON, AZ -- Dean Cotlow, president and founder of Cotlow Co., a commercial real estate developer in Tucson, Ariz., purchased a 15,269-square-foot infill lot in 2015 in Tucson for one his company's buildings. He called its location a "little corner on a...

Rising economy and property values in Pima County cause no tax...

PIMA COUNTY – Pima County Administrator Chuck Huckelberry April 26 delivered his recommended budget for fiscal year 2018 to the Board of Supervisors. The $1.24 billion proposed budget is less than 1 percent more than the current fiscal year, which ends June 30. An improved regional economy, an increase in...

Real Estate Daily News Buzz April 27, 2017

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you...

Angels Work Miracle for Imago Dei School to buy $2.1 Million...

Angel Charity for Children raised $600,000 for Imago Dei Middle School's down payment on its Downtown Tucson building TUCSON, Arizona -- Miracles do happen, as was demonstrated recently in Tucson when Imago Dei Middle School was able to purchase the building it rented in Downtown Tucson.  Located at 55 N....

CBRE Completes $5.5 Million Sale of Industrial Property in Gilbert, Ariz.

PHOENIX, Arizona –  CBRE Group, Inc., has completed the sale of 1405 N. Fiesta Blvd. in Gilbert, Ariz. Barry Gabel, Chris Marchildon, Brian Raczynski, Tim Watters, Evan Koplan and Mike Parker with CBRE’s Phoenix office represented the seller. The buyer was Abington Emerson Investments, based in Los Angeles, Calif....
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