Sunday, July 21, 2019

Tucson Named to CBRE’s List of Up-And-Coming Tech Talent Markets

The metro’s tech employment base has grown 90 percent in five years TUCSON – Tucson was ranked #1 on CBRE’s list of up-and-coming tech talent markets in the firm’s annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech...

Cushman & Wakefield Sells Arcadia Gateway Center for $17.25 Million

PHOENIX, Arizona – Cushman & Wakefield announced that MIG Real Estate LLC sold Arcadia Gateway Center. Clayton A. Varga, trustee of the Varga Revocable Trust, purchased the property located at 4222 E. Thomas Road in Phoenix for $17.25 million ($191 PSF). Arcadia Gateway Center is a four-story, 90,225-square-foot Class A...

Southern Arizona Multifamily Asset Sold by IPA for $37.75 Million

TUCSON, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Domain 3201, a 289-unit multifamily asset in the Casas Adobes area of suburban Tucson. The property sold for $37.75 million, or $130,623 per unit. “Situated within the affluent desert landscape...

Lenders Bullish on Phoenix Construction

A GlobeSt.com exclusive report by Kelsi Borland A few years ago, securing construction debt was a challenge in Phoenix, but today, lenders are actively chasing deals. The capital markets appetite illustrates the evolution of the Phoenix market. Scott Meredith of George Smith Partners recently secured a $67.3 million construction loan...

Integrated CBD bringing first U.S. manufacturing location, 100 jobs to Phoenix

JLL completes 155,000-square-foot, long-term lease for Integrated CBD at HUB 317 PHOENIX, Arizona – Institutional CBD oil and isolate supplier Integrated CBD has announced it will open its first U.S. manufacturing location and hire approximately 100 employees at HUB 317, a 225,157-square-foot project that in 2018 was renovated from a former Sam’s...

HSSA has over 150 Cats Waiting for Forever Families

TUCSON, AZ – This summer, the Humane Society of Southern Arizona (HSSA) has experienced an increase in the number of pets coming into the shelter. Right now HSSA has over 150 cats that are waiting for their forever families. “We have had to add kennels to our cat adoptions area,...

ABI Multifamily Brokers $15.9M, 110-Unit Tucson Apartment Community

Phoenix, Ariz. – ABI Multifamily is proud to announce the $15,900,000 / $144,545 Per Unit / $113.45 Per SF sale of Orange Tree Village Apartment Homes in Tucson, Arizona. Orange Tree Village is a 110-unit apartment community located in North Tucson’s Casas Adobes submarket. The community is conveniently located just...

CBRE Brokers $13.26 Million Sale of Chandler Business Center

Phoenix, Arizona – CBRE announced the sale of Chandler Business Center, a 129,840 square-foot creative office, flex-tech and retail space, located in Chandler, Ariz. New York-based Fullerton Properties acquired the multi-tenant property from Los Angeles-based Montana Avenue Capital for $13.26 million. CBRE’s Glenn Smigiel, Bob Young, Steve Brabant, Rick Abraham,...

New Leadership Takes the Helm of ULI Arizona District Council; Heidi...

PHOENIX, ARIZONA  – Longtime ULI leader Heidi Kimball, Senior Vice President with Sunbelt Holdings, has been selected as the new Chair of the Urban Land Institute, Arizona District Council (ULI Arizona), serving on a voluntary basis for a two-year term that started on July 1. Kimball, a full member of...

Tucson Lease Report July 8-12, 2019

This week's lease report highlights a 6,400 SF industrial lease to Dish Network Services handled by CBRE of Tucson. The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 8 thru 12, 2019. INDUSTRIAL – 4261 S STATION MASTER DRIVE, TUCSON Dish Network...

Lincoln Property Company Signs WageWorks as First Tenant at Union

Class A office project at junction of Mesa, Tempe, Scottsdale breaks ground this summer MESA, Arizona – Before it is set to break ground, the first building at Lincoln Property Company’s Union Class A office project has signed its first tenant. WageWorks Inc. (NYSE: WAGE) has committed to a 150,000-square-foot...

Phoenix Trophy Asset at 24th and Camelback Trades

PHOENIX, Arizona – CBRE announced the sale of Camelback Esplanade III, a trophy Class A office tower located in the heart of the Camelback Corridor in Phoenix. A venture between Transwestern and an institutional partner acquired the 218,387-square-foot,10-story mid-rise office building. Barry Gabel, Chris Marchildon and Will Mast of CBRE...
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