Sunday, May 19, 2019

Caylor Completes Refurbishment of Holidome into “Amazing” new Gospel Rescue Mission...

TUCSON, Arizona -- After more than a year of planning, development, and construction, Caylor Design and Construction has completed the refurbishment of the Holidome Hotel into Gospel Rescue Mission’s new men’s shelter, the H.S. Lopez’s Family Foundation Center of Opportunity. The complete renovation and remodeling of the 45,000-square-foot main building...

Velocity Retail Group’s Investment Division Completes $5.7 MM NNN Sale of...

Phoenix, Arizona -- Velocity Retail Group Investment Division completed the $5,700,000 NNN investment sale of a 25,000-square-foot Goodwill of Central Arizona store at the Heritage Square shopping center in Queen Creek.  The shopping center is located at the southeast corner of Rittenhouse Road and Ellsworth Road in Queen Creek. The...

BFL Construction Co., Inc. Names Figueroa Chief Commercial Officer

Tucson, AZ – BFL Construction Co., Inc. promoted Isaac Figueroa to Chief Commercial Officer. Figueroa will be responsible for spearheading BFL’s commercial strategy, business development and marketing efforts along with managing client, community and government relations. This new role is in addition to his current position as Director of Real Estate...

Trey Eakin Promoted to Executive Vice President for Accelerated Development Services

Phoenix, Arizona -- Accelerated Development Services is pleased to announce the promotion of Trey Eakin to Executive Vice President effective immediately.  A 33 year veteran in the retail development arena, Trey’s experience includes acquisitions, oversight, strategic analysis, project management, and lease up of retail and mixed-use projects totaling over...

Michael Crystal and Joe Vale Join Cushman & Wakefield from Newmark...

PHOENIX, Arizona – Cushman & Wakefield announced that Michael Crystal has rejoined the firm’s Phoenix office as a Managing Director. With him, he brings Joe Vale as a Senior Associate and Tarryn Fountain as a Brokerage Coordinator. Michael and Joe join us from Newmark Knight Frank and bring a combined...

Tucson MSA Multifamily Q1 2019: Bruh! Do You Even Pickleball?

By: Roland Murphy, Director of Research, ABI Multifamily Market slowdowns are inevitable at some point, and many thought leaders are projecting the next one could potentially start in the next 18 months — which, coincidentally, is within the general turnaround timeframe for projects in the final planning/construction commencement phase. As...

Office, retail property sales totaling $4.7M highlight recent deals closed by...

PHOENIX, ARIZONA – Three retail property sales totaling $3 million and five office property sales totaling $1.7 million highlight transactions recently closed by NAI Horizon professionals. Sale Transactions: Lane Neville, Matt Harper, CCIM, and Logan Crum negotiated the sale of a retail building, representing the seller, PVO, LLC, for $2.2...

Arizona’s apartment industry celebrates its best, brightest at the 2019 AMA/Cox...

PHOENIX, ARIZONA – The Arizona Multihousing Association honored 16 individuals, four communities and four teams/communities Saturday night at the 27th Annual AMA/Cox Communications Tribute Awards. More than 1,500 gathered at the Phoenix Convention Center South Building to honor the best in Arizona’s apartment industry. “This evening is about recognizing the true...

Ross Peterson Named Vice President at Colliers International in Arizona

Specialist in Corporate Solutions and Tenant Representation Joins Phoenix Office Phoenix, Arizona – Ross Peterson has been named vice president at Colliers International in Arizona.  Peterson brings to Colliers more than a decade of experience representing office tenants in lease transactions. “Ross understands this market inside and out,” says Bob Mulhern,...

Former Tucson FedEx Ground Distribution Building Sells for $4.305 Million

TUCSON, Arizona – The former FedEx Distribution building at 777 E MacArthur Circle sold for $4.305 million ($37.79 PSF). The 113,920-square-foot building (build in 1985) on 5.96 acres was purchased for investment by MacArthur Investments, LLC (Robert Assenmacher, member). Brandon Rodgers, SIOR, CCIM with Cushman & Wakefield | Picor represented...

Eisenberg Company Delivering Two New Industrial Projects in Q4 2019

Cushman & Wakefield sold land and will retain leasing assignment PHOENIX, Arizona – Eisenberg Company, a Phoenix-based development company, announced two new industrial projects delivering in the fourth quarter of 2019. The projects, Avondale 107th and Washington 83, are slated to start construction this quarter and will total a combined...

66 Units in the Gateway Corridor Trade for over $100k/Unit

PHOENIX, Arizona – Fully occupied at close of escrow, Porto Fino Apartments recently closed for $6.699 million or $101,500 per unit. Previously operating as a motel, Porto Fino is now a fully renovated, 66 dwelling unit apartment community centrally located near Phoenix Sky Harbor International Airport and sits equidistant...
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