Saturday, December 15, 2018

Rancho Sahuarita Boulevard South Now Open

SAHUARITA, ARIZONA – Rancho Sahuarita Boulevard South opened Thursday afternoon making way for an additional 70 acres of commercial development in Sahuarita Town Center. The new street, sewers and other utilities running south of Sahuarita Road were built by Rancho Sahuarita master plan developer at a cost of $3 million. It...

Barker Pacific Group and Rockwood Acquire Class A Office Building in...

Pasadena, CA – In a joint venture with Rockwood Capital, Barker Pacific Group (BPG) has acquired 301 N Lake Avenue, a 227,019-square-foot Class A office building in Pasadena, California. The project was built in 1989 and is located on one of Pasadena’s most prominent and active thoroughfares. Previously operated...

Mark Irvin Commercial Real Estate Services Appoints Christopher Irvin to Sales...

Tucson, Ariz. – Mark Irvin Commercial Real Estate Services, LLC has grown its medical and office property brokerage, development, and consulting footprint with the appointment of Christopher Irvin to the firm’s new sales associate position. Irvin, whose real estate license was first conferred in 2005, brings a wealth of...

PACC offering discounts & free microchips leading up to the New...

Holiday celebrations can scare pets PIMA COUNTY – Pima Animal Care Center has teamed up with No Kill Pima County to offer up a microchip clinic for the last week of December. By offering this free service, PACC officials hope to reunite more pet owners with their lost pets following...

Multifamily Portfolio with 5 Properties in Tucson Sells for $3.724 Million

TUCSON, Arizona – Gould Family Properties VIII, LLC of Tucson (Wayne & Amy Gould managers) purchased 69-units in five separate properties for a combined total of $3.724 Million ($54,000 per unit). The sellers were various limited liability companies managed by James and Joan Johnston of Tucson. The properties included 1620-1650...

ABI Multifamily Brokers $31.8M Apartment Community Located in Phoenix

Phoenix, Arizona –– ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $31,827,500 / $119,652 per unit sale of Sanctuary on 22nd located in Phoenix, Arizona.  Built in 1985, Sanctuary on 22nd rests on approximately 10.14-acres and underwent an exterior &...

Arizona Economy Hits the Accelerator

Arizona’s Fourth Quarter 2018 Economic Outlook Update By George W. Hammond, Ph.D., Director and Research Professor, EBRC TUCSON, Arizona --With accelerating gains, the Arizona economy is set to carry significant momentum into the new year. State job growth hit 3.0% over the year in the third quarter, which was well above...

Presson Corporation Purchases Van Buren Industrial Center

Cushman & Wakefield Negotiates $6.6 Million Sale on Behalf of Black Equities PHOENIX, Arizona – Cushman & Wakefield announced that Phoenix-based Presson Corporation purchased Van Buren Industrial Center. Black Equities of Beverly Hills, Calif. sold the property, located at 34–74 N. 45th Avenue in Phoenix, for $6.6 million. Bob Buckley, Tracy...

Cushman & Wakefield | PICOR Expands Retail Brokerage Services in Tucson

TUCSON, ARIZONA -- Ramiro Scavo joined the Cushman & Wakefield | PICOR retail brokerage team in November 2018, after 25 years in the restaurant business. He served as both an executive chef and restaurant owner before launching his commercial real estate career.  Ramiro moved to Arizona from Chicago at...

KB Home Closed on 60 Lots in Two Infill Projects for...

TUCSON, ARIZONA -- KB Home Tucson purchased 28 platted lots in northwest Tucson for $758,800 ($27,100 per lot) and a second infill project at Irvington and Cardinal 32 platted for 32-lots in West Tucson for $264,000 ($8,250 per lot). The property in the northwest is located south of Orange Grove...

Greystar Purchases River Ranch in Chandler, AZ for $32 Million

Cushman & Wakefield Negotiates Sale of 188-Unit Multifamily Community PHOENIX, Arizona – Cushman & Wakefield completed the sale of River Ranch, located at 6152 W. Oakland Street in Chandler, Ariz. Greystar GP II, LLC, an entity formed by Greystar of Charleston, S.C., purchased the 188-unit multifamily community from PHX Oakland...

Velocity Retail Group Sells Shopping Center for $8.3 Million

Phoenix, Arizona -- Velocity Retail Group’s Brian Gast, Senior Vice President represented the buyer in the $8.3MM investment sale of Mountain View Marketplace, located at 3131 E. Thunderbird Road in Phoenix. Fortis Development, LLC of Arizona purchased the center which totals approximately 172,000 square feet.   The Seller was Mountain...
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