Wednesday, August 15, 2018

Oregano’s Pizza Bistro Ground Lease at The Landing Sells For $1.67...

TUCSON, ARIZONA – The ground lease for Oregano's Pizza Bistro at 4884 S Landing Way at the Irvington and I-19 Commercial Center, Tucson’s The Landing Shopping Center sold for $1.67 million ($53.40 PSF).  The 31,275-square-foot pad sold in this transaction. Built in 2017, the 3,520-square-foot building was already owned...

SVN’s Downtown Experts Close $1.6 million in Phoenix

Phoenix, Arizona – With the Arizona sun, sports arenas, shopping, dining, entertainment and the Roosevelt Row arts district, no wonder why Downtown Phoenix is booming.  New and established companies are flocking to grow and expand their businesses into the trending corridor where plush hotels and educational facilities surround the...

July 2018 Tucson Housing Statistics Released

Below are some highlights from the Tucson Association of Realtors / MLS July Residential Sales Statistics: Total Sales Volume of $347,114,173 is down 15.91% from June’s number of $412,805,427 but is up 16.84% from last year. The Average Sales Price of $253,924 is a decrease of .2.01% from $259,137...

McDonald’s and Franchisees Investing Approximately $120 Million in Arizona To Modernize...

Remodeled restaurants offer new technology and a more fun, modern experience PHOENIX, Arizona -- Tuesday, McDonald's announced that the company and its franchisees are investing approximately $120 million in Arizona throughout 2018 and 2019 on the construction and modernization of more than 200 McDonald's restaurants, transforming the customer experience inside...

Nick Potter Joins Barker Pacific Group

Former Managing Director of CIT Joins LA-Based Real Estate Firm Los Angeles, CA – Barker Pacific Group is pleased to announce that Nick Potter has joined the firm as Partner in charge of Capital Markets. Based in BPG’s Los Angeles headquarters office, Mr. Potter will oversee all capital raising requirements...

Arizona’s Sundt Construction Ranks No. 68 on America’s Largest Employee-Owned Companies...

TEMPE, Ariz. – Sundt Construction, Inc. (www.sundt.com) ranks No. 68 on the National Center for Employee Ownership’s Top 100 largest majority employee-owned company list. In 1972, Sundt established an Employee Stock Ownership Plan (ESOP) and today, the company is 100 percent employee-owned. An ESOP company is different from traditional types...

Canadian Investor Closes Complex Purchase of Midtown Office Space

Popular “Live Work Play” Lifestyle of Midtown Attracts Buyers Phoenix, Arizona – A portion of the office building at 3033 N. Central Ave. and its adjacent parking garage has been sold to a Canadian investor as its first Midtown Phoenix acquisition.  The buyer was attracted to the property because of...

Pima County prevails in World View incentive agreement lawsuit

PIMA COUNTY – Pima County Superior Court Judge Catherine Woods Monday ruled in Pima County’s favor in a lawsuit brought by the Goldwater Institute that alleged the county failed to follow various state laws when it entered into an economic development incentive agreement with World View, a near-space technology...

CBRE Arranges Sale of Mid-Century Apartment Community in Phoenix for $12.07...

PHOENIX Arizona –  CBRE arranged the sale of a 156-unit apartment complex located at 3130 N. 7th Ave in Phoenix, Ariz. The property, formerly a 1960s-era hotel, was sold by San Francisco, California-based FPA5 El Cortez, LLC, to Austin, Texas-based PB Acquisitions for $12.07 million. Brian Smuckler, Jeff Seaman, Bryson...

NAIOP AZ Developing Leaders Young Professionals Group Caps Year with Class...

PHOENIX, ARIZONA – It was an evening of celebration this summer as the NAIOP Arizona Developing Leaders Young Professional Group (YPG) Mentor Program hosted graduation for the 2017-2018 class at Arizona Country Club. Mentors and protégés gathered in a private dining room for a reception, presentations, and a dinner. The 15...

Tucson Lease Report August 6-10, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Aug. 6 thru 10, 2018. INDUSTRIAL – 3133 S. DODGE BLVD., TUCSON Bay Insulation of Arizona leased 8,600 square feet of industrial space from Dodge Properties, LLC. The property is located at...

Velocity Retail Group Completes 4.5 Million SF Recently

Phoenix, Arizona --  Velocity Retail Group recently completed dozens transactions totaling over 4.5 million square feet of retail, land and big boxes.  The team leases and sells more big box transactions than any other local firm, with big box sales and leasing accounting for twenty-five percent of these transactions....
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