Monday, March 18, 2019

Tucson Lease Report March 11 – 15, 2019

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 11 thru 15, 2019. RETAIL – CASAS ADOBES PLAZA, TUCSON Flores Concepts; dba CharroVida, leased a 3,743-square-foot restaurant in Casas Adobes Plaza Shopping Center at SWC of Oracle & Ina Rds.  Paul...

California Investor Purchases 2020 On Central High-rise

Buyer Takes Advantage of Midtown’s Growing Popularity Phoenix, Arizona –Sperry Equities of Irvine, CA has purchased the Midtown Phoenix high-rise at 2020 N. Central Ave.  This marks Sperry Equities’ 10th purchase in Metro Phoenix in the last 24 months, and its first purchase in the Arts District of Midtown Phoenix...

Caylor Helps Tucson’s Hands of Hope Open Beautiful New Facility

TUCSON, ARIZONA -- Hands of Hope, a Tucson non-profit that provides free and confidential medical, educational and consultative support to women facing unexpected pregnancies, has opened their new facility in the Tucson Medical Park on East Grant Road across from Tucson Medical Center. The new facility was completed by Caylor...

AZCREW presents economic outlook ‘guru’ KC Conway at its March lunch

PHOENIX, ARIZ.  – Arizona's economy is growing at a rate not seen in more than a decade. The state averaged GDP growth of 3.4 percent in 2018 and a 3.2 percent increase is forecast for 2019. How do those lofty numbers affect the state’s commercial real estate industry? AZCREW, the leading...

Cathy Thuringer Named business unit leader for Trammell Crow Company’s Phoenix...

Phoenix, AZ– Trammell Crow Company (TCC) announces that Cathy Thuringer has been promoted to Business Unit Leader for the firm’s Phoenix Business Unit, effective March 31, 2019. Previously serving as Principal, Thuringer will assume responsibility for all development and acquisition projects, sourcing new pursuits, finance and overall day-to-day operations...

HSL Sells Bear Canyon Apartments to Cali Investment Portfolio for $35.6...

TUCSON, Arizona- HSL Properties (Omar Mireles, President) through its affiliate HSL Bear Canyon Apartments, sold Bear Canyon Apartments at 9055 East Catalina Highway in Tucson for $35.6 Million ($150,000 per unit) to M3 Multifamily Fund of Santa Barbara, CA. The property was originally platted for condominiums in 1996 with (72)...

Conor Commercial & Globe Corp. Sell AZ|60 Industrial for $27 Million

U.S. Trust, Bank of America Private Wealth Management Acquires 225,600 SF Property PHOENIX, Arizona – On behalf of Conor Commercial Real Estate and Globe Corporation, Cushman & Wakefield announced the firm facilitated the sale of AZ|60 Industrial, two buildings totaling 225,600-square-feet (sf) in the Southeast Valley. U.S. Trust, Bank of...

Ina Road opens over I-10 in Marana as interchange nears completion

Ramps connecting with I-10 expected to open in next few weeks MARANA, ARIZONA -- Ina Road has opened over Interstate 10 in Marana, a major step toward completing a modern traffic interchange that is one of the Tucson area’s largest road projects in years. Early Thursday, traffic began taking Ina Road...

Colliers International Adds Environmental Due Diligence Services

Real Estate Company Expands Client Services in Phoenix Phoenix, Arizona – Colliers International in Greater Phoenix is expanding its client services to include Environmental and Building Due Diligence Services. The new offerings will be available to property management, landlord and investor clients of the company as part of Colliers’ full-service...

Brandon Rodgers Achieves SIOR Designation

TUCSON, Arizona — Brandon Rodgers, SIOR, CCIM, of Cushman & Wakefield | PICOR, has achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®. SIOR is a Washington, DC-based international professional organization of more than 3,300 commercial real estate professionals whom have earned the coveted...

Dunkin Donuts Investment Trades For $951 PSF in Tucson

TUCSON, ARIZONA – A California investor traded into the acquisition of the Dunkin Donuts store at 5346 East 22nd Street in Tucson for $2.1 million ($951 PSF). The 2,209-square-foot store was built in 1984 as a stand-alone building with drive-thru and completely renovated in first quarter 2016. Located southeast of...

ABI Multifamily Brokers $10.75M, 117-Unit Apartment Community in Phoenix

Phoenix, Ariz. – ABI Multifamily has announced the $10,750,000 / $91,880Per Unit / $116.80 Per SF sale of South Mountain Square in Phoenix, Arizona. South Mountain Square is a 117-unit garden-style apartment community near 16th Street and Baseline Road, conveniently located near Phoenix South Mountain Park/Preserve and luxury golf locations,...
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