Friday, February 24, 2017

Best Tucson Permit Volume in 10 Years Last Year

TUCSON, Arizona -- Aaron Mendenhall, an Associate with Chapman Lindsey Commercial Real Estate was this year’s winner of the Southern Arizona CCIM Forecast in the residential land use category. Mendenhall had predicted a year prior 2,949 permits while the actual number was 2,928 permits, a difference of only 21...

CBRE Completes $4.45 Million Sale of Dollar Tree & Mor Furniture...

Phoenix, Arizona – CBRE has completed the sale of a two-tenant retail center at Casa Grande Shopping Center located at 1314 East Florence Blvd. in Casa Grande, Ariz. The ±45,327 square-foot retail property is home to Dollar Tree and Mor Furniture For Less and is situated on approximately 4.63...

GPLET Reform Bill Overwhelmingly Passes House With Amendments

PHOENIX, Arizona – In 1996, the Government Property Lease Excise Tax ("GPLET") was first established by the State of Arizona as a redevelopment tool to initiate development by reducing a project's operating costs. In 2010, under the state statute, the Legislature amended GPLET laws and an excise tax rate was...

Plans for ‘Disney World’ Amusement Park in Casa Grande, Arizona

Casa Grande, Arizona -- The Casa Grande Dispatch is reporting a 1,500-acre “destination resort” plan to be built by Florida-based, Block Sports Company, near Casa Grande. The scope of phase one has yet to be determined, but the plan outlines a few amenities that include an “extreme” sports park,...

Real Estate Daily News Buzz February 24, 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...

Humberto “Bert” Lopez Inducted into Tucson Legends at CCIM Annual Meeting

TUCSON, Arizona -- Humberto “Bert” Lopez was inducted into the CCIM Tucson Real Estate Legends Tuesday at the CCIM Annual Forecast Meeting. The induction takes place each year to honor those “legends” who have built the commercial real estate community in Tucson from its early beginnings. The following presentation was...

North Scottsdale Land Sold at $7.1 Million for Mixed Use...

SCOTTSDALE, AZ – A 4.5-acre land parcel at the SWC of Scottsdale Rd. & Chauncey Ln., Scottsdale, sold for $7,128,728 ($36.33 PSF) for a Retail, Office and Multifamily project. Lee & Associates Principal Bob Kling negotiated the sale on behalf of the buyer, Chauncey Retail Partners, Tempe and the seller,...

Court requests more documents from developer suing Cochise County over $10M...

Pima County judge orders parties to cooperate in disclosure..."voluminous e-mails and other documents generated or received by county staff . . . over ten year period" ...argument over meaning of "access" to adjacent Coronado National Forest, Supervisors' conditional approval in Oct 2011 TUCSON, Arizona - A dispute about documents...

Outparcel of Westgate Entertainment Center Transacts for $1.5M

GLENDALE, ARIZONA – Located within one of the largest entertainment and retail districts in Arizona, Westgate 95, a 7,539-square-foot retail center, sold for $1.5 million ($199 PSF). Built in 2008, Westgate 95 is located steps away from Westgate Entertainment District, which offers a unique outdoor setting with many vibrant restaurants...

Real Estate Daily News Buzz February 23, 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...

Tucson Lease Report February 13 – 17, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from February 13 thru 17, 2017. OFFICE – 5151 E. BROADWAY BLVD., TUCSON Goldblatt Systems, LLC renewed their lease at 5151 E. Broadway Blvd., Suite 1000 in Tucson, with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC,...

Roosevelt, Washington, Jefferson, and Jackson: Historic Downtown Phoenix Streets setting New...

Phoenix, Arizona – You read the title and think what amazing history took place under the influences of these politicians.  Not so fast because these historic names are simply the street names in downtown Phoenix that are becoming the latest commercial real estate hot spots.  The population downtown continues...
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