Sunday, June 25, 2017

BREAKING NEWS: DR Horton Raises Offer to Acquire 75% of Forestar

Forestar board response: 'Superior Proposal' to be irrevocable until June 30th Arlington, Tx -- D.R. Horton, Inc.(NYSE: DHI) on Friday morning upped its offer to acquire 75% of the currently outstanding shares of land developer Forestar Group Inc. (NYSE: FOR) in Austin for $17.75 per share in cash from the...

Academy of Math and Science Expanding Campuses at Both Tucson Locations

TUCSON, Arizona – Academy of Math and Science (AMS) recently purchased two locations for campus expansion. The property at 1611 – 1625 West Prince Road in Tucson was sold for $503,760 ($97 PSF) by Barnett Brenner and 425 West Valencia sold for $690,000 ($145 PSF) by BM Valencia. Both were...

Tempe Parcels Totalling 5.3 Acres Trade for $3.2M future Alamo Drafthouse

TEMPE, AZ –  Three commercial land parcels that total 5.3 acres just east of the northeast intersection of Rural and Baseline roads, has sold for $3.2 million ($13.91 PSF). The property will be developed featuring two retail components; Alamo Drafthouse, a movie theater and dining concept with another location in...

Will a hole through a hill in Bullhead City save a...

BULLHEAD CITY, Arizona -- In the Mohave Valley of Arizona, Bullhead City has punched a hole through a hill to unite a challenged shopping center with the local mall to improve traffic. Before that it was known as Bullhead Square, but better known by locals by its main tenant, Kmart,...

Three Loans Arranged on Bashs’ / Food City Anchored Retail Centers

Scottsdale, Arizona -- Churchill Commercial Capital, Inc. (Cynthia Hammond, president) announces two loan closings totaling $13.5 million on Sun City West Plaza and Southgate Center, both neighborhood shopping centers anchored by Food City or Bashas’ grocery stores. Sun City West Plaza is a 62,270-square-foot center 100% leased with a Bashas’...

Real Estate Daily News Buzz June 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...

Native at Steam Pump Village Oro Valley Sells in Off Market...

TUCSON, Arizona – The now open, the new Native Grill & Wings at Steam Pump Village, 11107 N Oracle Road in Oro Valley, sold in an investment sale for $3.34 million ($673 PSF) to local investors, Andy and Marilyn Bowden. The 4,962-square-foot Native Grill & Wings restaurant celebrated its grand...

Scottsdale Business Center Sells for $7.3M in Potential Redevelopment Opportunity

SCOTTSDALE, AZ –  The Fincham Dempsey Team at Lee & Associates Arizona is pleased to announce the sale of the 56,439-square-foot Scottsdale Business Center, 13402 N. Scottsdale Rd., Scottsdale, for $7.3 million ($129 PSF). The 4.27-acre property is a potential redevelopment opportunity located in the prestigious Scottsdale Airpark. The team,...

DR Horton Acquires Final Rancho Resort II Lots in Sahuarita

TUCSON, Arizona -- D.R. Horton acquired the final 49-SFR lots at Rancho Resort II for $588,000 ($12,000 per lot) in Sahuarita, AZ. These two final takedowns were part of an option for a total of 61-lots exercised early by the builder for completion. The first takedown was in January...

64 Journeymen Graduate from ABA’s Apprenticeship Programs

PHOENIX, Arizona – On Thursday, June 15, at the Sheraton Mesa Hotel, 64 individuals graduated from the ABA-AGC Education Fund’s three apprenticeship programs, enabling them to be Heavy Equipment Operators, Heavy Equipment Diesel Mechanics and Electricians. “Graduating from the program means that these individuals hold journeyman status and will...

Real Estate Daily News Buzz June 22, 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...

Smaller Office Building Sales Lively in Tucson

TUCSON, ARIZONA -- Office sales of smaller office buildings has been active lately, with market vacancies at a seven year low in Tucson. There has been $17.3.6 million in sales volume this quarter with $400,000 the median sale price and 3,538-square-feet the median building square-footage. William and Susan Daugherty purchased...
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