Monday, April 23, 2018

Tucson Lease Report April 16-20, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 16-20, 2018. INDUSTRIAL – 3850 E. 44th ST., TUCSON Aguirre Enterprises, Inc. renewed their lease for 20,364-square-feet at 3850 E. 44th St. in Tucson from CJ Southwest Property Partners, LLC.  Stephen D....

Phoenix Lease Report April 16-20, 2018

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from April 16 thru 20, 2018. RETAIL – 3343 W GREENWAY RD., PHOENIX, AZ A lease for 24,650-square-feet in Greenway Village Square to Prestige Gymnastics was recently consummated.  The location of the property is...

Old Navy Expands in East Mesa

Phoenix, Arizona -- Velocity Retail Group recently finalized a lease on behalf of Old Navy at Superstition Gateway shopping center in Mesa.  Dave Cheatham, President and Darren Pitts, Executive Vice President represented Old Navy in the transaction.  Brian Gast, Senior Vice President represented the Landlord, DTL-SGW, LLC and DTR1C-SGW,...

Three New Multifamily Mid Rise Projects Planned near Downtown Tucson

TUCSON, Arizona -- There are three multifamily projects in various stages of development that could bring as many as 1,000 new housing units near downtown Tucson. On Tuesday, the Tucson City Council gave its nod of approval for PAD rezoning of 213 N Fourth Avenue, to replace Maloney’s Tavern and...

Springstone Purchases 6.59 Acres in Gilbert for Future Behavioral Health Facility

Behavioral Health Company to Build Second Arizona Facility in Gilbert Medical Corridor Phoenix, Arizona– Kentucky-based Springstone will develop its second Arizona behavioral health facility on 6.59 acres located near the Loop 202 and Val Vista Drive in Gilbert. Springstone purchased the property from Willis & Melrose, LLC.  The land is situated...

Developmental testing completed on Small Diameter Bomb II

New weapon moves to operational testing prior to fielding TUCSON, Arizona -- Raytheon Company (NYSE: RTN) has completed developmental testing on the Small Diameter Bomb II, a key step toward bringing this new capability to fighter pilots. Government confidence testing, a prerequisite for operational testing, is scheduled to be completed...

Veteran Industrial/Office Services Group Joins Colliers International in Greater Phoenix

Halley/Gleason/Marks Trio Brings More than 60 Years of Experience to Firm Phoenix, Arizona –  The commercial real estate brokerage team of Brian Gleason, SIOR, Bonnie C. Halley, CCIM and Melissa Marks has joined the industrial/office services group at Colliers International in Greater Phoenix. “This outstanding team will expand our company’s client...

Phoenix Construction Costs Ranking

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest quarterly construction cost report for North America with data current to January 1, 2018 gathered from 14 cities across the United States and Canada, including Phoenix. Julian Anderson, FRICS FAACE, President of RLB North America and...

Marcus & Millichap Arranges sale of Santuario a 70-Unit Apartment Building...

TUCSON, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Santuario, a 70-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix and...

Camelback Rd. & Central Ave. Office Property Sells for $14 Million

Cushman & Wakefield Negotiates Sale to Six Tenant-in-Common Investors PHOENIX, Arizona – Cushman & Wakefield announced that six tenant-in-common (TIC) investors purchased One Camelback, located at 1 E. Camelback Road in Phoenix, from One Camelback Inc. The six TIC companies – CD Camelback LLC, Randhurst Camelback LLC, KOT Camelback LLC,...

ABI Facilitates Another Tucson Deal for $2.6M, 60-Unit Apartment Complex

TUCSON, ARIZONA -- ABI Multifamily is pleased to announce the $2.6 million / $43,333 per unit sale of the Skyline Park Apartments located in Tucson, Arizona.  Completed in 1985, Skyline Park is a two story, garden-style apartment community that features 60 total units in 3 rental buildings, constructed of...

TAR: Home Sales Volume Pushed Up 33.47% in March

TUCSON, ARIZONA -- Tucson Association of Realtors (TAR) has released stats for March 2018. The average sales price decreased 1.04% this month to $246,514 from $249.095 in February, while total home sales pushed up 33.47% to $360 million from last month’s number of $270 million, per the Tucson Association...
image_print