Wednesday, February 21, 2018

Arby’s Restaurant to join Las Plazas at Old Vail

Vail, Arizona -- OVP Development Company, LLC (Bob Davis and Bill Divito) sold lot 5 at Las Plazas at Old Vail for $550,000 to Irish RB's Properties LLC of Dallas, TX.  The buyer plans to build an Arby’s restaurant with a drive-thru at the site. Las Plazas at Old Vail...

ORION Reps Buyer in Land Sale

PHOENIX, ARIZONA – ORION Investment Real Estate facilitated the sale of a 1.65-acre site located on the southwest corner of 29th Street and Van Buren. The land was purchased for $850,000, or $11.86 per square foot. An affordable housing project is proposed to be built on the site. Nick Miner,...

20 Acres in Peoria Sold for Development of Multi-Family Community

Christopher Todd Communities Pays Nearly $4.1 Million for Land Phoenix, Arizona –  Christopher Todd Communities has purchased 20 acres of land at Happy Valley Rd. and Vistancia Blvd. in Peoria.  The company paid $4,094,385 for the site, which will be developed into single-family rental homes. “Christopher Todd Communities looks to...

ABI Multifamily Expands California Footprint, Opens Sacramento Office

Phoenix, AZ – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce its continued regional expansion with the opening of the Sacramento, CA office. John Kobierowski, Senior Managing Partner, states: Considering the economic and investment synergies between the California and Arizona markets, with...

Tucson Lease Report February 12 – 16, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Feb. 12 thru 16, 2018. INDUSTRIAL – 1668 S. RESEARCH LOOP, TUCSON Manufacturing Machining Services, LLC leased 11,218-square-feet in Clairemont Plaza at 1668 S. Research Loop, Suite 360 in Tucson, from Clairemont Partners,...

Phoenix Lease Report February 12-16, 2018

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from Feb. 12 thru 16, 2018. RETAIL - 4013 E BROADWAY RD, PHOENIX, AZ A lease for 6,330-square-feet in Broadway Commerce Center to MBI Industrial Medicine was recently consummated.  The location of the property...

E-Commerce Sales Up by 16%, $453.5 Billion in 2017

CBRE is reporting E-commerce retail sales increased by 16% to $453.5 billion in 2017, accounting for 8.9% of total retail sales for the year, according to a U.S. Census Bureau report released today (Figure 1). The growth was due in large part to brick-and-mortar retailers' active investment in omnichannel...

NW Allied Physicians Building Sells for Investment at $2.9 Million

MARANA, ARIZONA – A subsidiary of Diamond Ventures in Tucson (Bill Kelly, CFO) sold the building occupied by Northwest Allied Physicians at 7890 N Cortaro Road in Marana for $2.875 million ($368 PSF). The 7,805-square-foot build-to-suit was built by the seller in 2017 and is fully occupied by Northwest Allied...

New JLL Capital Markets team wins Papago Gateway Center listing

Desmond, Moffitt, Bauman to market First Solar global HQ building for sale PHOENIX, Arizona – On the heels of forming a new brokerage team focusing on both multi-tenant and net leased investments, Managing Director Dennis Desmond and Senior Vice Presidents Tivon Moffitt and Peter Bauman from the Phoenix office of JLL have earned the listing for Papago Gateway Center,...

Camelot Homes Holds Feb. 21 Grand Opening of New Community White...

SCOTTSDALE, ARIZ. – Camelot Homes, a third-generation homebuilder in Scottsdale, is holding a grand opening for White Horse, an iconic new community representing the pinnacle of Camelot’s 45-plus years of experience in luxury homes. White Horse is holding an official grand opening on Feb. 21 with more than 200 homeowners...

DR Horton Joins Richmond American at Santa Cruz Meadows in Sahuarita

SAHUARITA, ARIZONA -- DR Horton, Inc. purchased 10 finished lots under a rolling option agreement for 93-lots from Tucson Land, LLC at Santa Cruz Meadows in Sahuarita. The price was $51,000 per lot for the 7,000-square-foot lots. DR Horton is the second builder at Santa Cruz Meadows along with Richmond...

Phoenix T-Mobile Sold for $1.85 Million

Cushman & Wakefield Negotiates Sale of Freestanding Retail Building PHOENIX, Arizona – Cushman & Wakefield completed the sale of T-Mobile, located at 4314 W. McDowell Road in Phoenix. Phoenix-based Sepmar LLC purchased the property from TK MCR LLC of Phoenix for $1.85 million ($617 PSF). Cushman & Wakefield Senior Director Chris...
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