Wednesday, November 22, 2017

Recent Residential Development Sales in Metro Tucson Total $6.27 Million

Meritage Homes of Arizona purchased 26.72 acres block platted land at Silverhawke North subdivision in Oro Valley, in the northwest submarket of Tucson, for $3,489,575. Zoning for the block is R1-7 but the number of lots was undetermined. The seller, Capri Company of Tucson (Herb Kai, manager) was represented...

Sale of Dobson Center in Chandler, Ariz. completed for $13.9 Million

Phoenix, Arizona – CBRE has completed the sale of Dobson Center, a mixed-use retail and medical office development located on the southwest corner of Frye Road and Dobson Road in Chandler, Arizona. Dobson Center encompasses ±41,546 square feet and is comprised of a freestanding Starbucks Coffee, a ±12,842 square...

Nominations Sought for Pima County Small Business of the Year Awards

PIMA COUNTY – The Pima County Small Business Commission is accepting nominations for 2017 Small Business of the Year Awards. Urban small business and a rural small business are eligible for the awards as are Pima County-based nonprofit corporations that are exempt from federal income taxes. Nominees for the urban small...

CBRE Completes Sale of Freddy’s Frozen Custard and Steakburgers in Yuma,...

YUMA, Arizona – CBRE has completed the sale of a single-tenant, 3,200-square-foot Freddy’s Frozen Custard and Steakburgers located at 1785 East 16th Street in Yuma, Arizona. The Property commanded a sale price of $3 million. Joseph R. Compagno and Ryan Eustice with CBRE’s Phoenix office represented the Seller, Barclay Holdings...

Nick Nudo Joins Cushman & Wakefield from Lee & Associates

Larry Downey Adding to Tenant Advisory Team Roster PHOENIX, Arizona – Cushman & Wakefield announced that Nick Nudo has joined the firm’s Phoenix office as an Associate for the tenant advisory team of Vice Chairman Larry Downey and Associate Brett Thompson. As a member of the team, Nick will be involved...

Pioneer Title Agency Buys Tucson Building for $1+ million

TUCSON, ARIZONA -- Keith Newlon of Pioneer Title Agency purchased a 5,940-square-foot office property at 1889 N. Kolb Road in Tucson for $1,069,200 ($180 PSF) for its newest Tucson location. Built in 2003, the building is located in La Playa Caliente Office Park. Pioneer Title Agency is a full-service company...

Lee & Associates Arizona exceeds Parc 17 occupancy goal in less...

PHOENIX, Arizona – The Koss | Louer Team of Lee & Associates Arizona has successfully negotiated two leases resulting in an increased occupancy of Parc 17. The 177,770-square-foot industrial project went from 24 percent occupied to 75 percent occupied in just seven months after close of escrow. In April 2017,...

Tarah Hamman joins Iconic Design Studio

PHOENIX, ARIZ. – Iconic Design Studio, a full-service, woman-owned interior design firm, has announced the addition of a new team member. Tarah Hamman joins IDS as a senior interior designer/project manager consultant, according to CEO/Principal Kelli Berry. Hamman will be responsible for space planning; furniture and fixtures specification; and design...

Tucson Lease Report Nov. 13-17, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Nov 13 thru 17, 2017. OFFICE – 2945 W. INA ROAD, TUCSON The Department of Veteran Affairs renewed their 11,200-square-feet office lease at 2945 West Ina Road in the Russell Plaza. David Volk...

Phoenix Lease Report Nov 13-17, 2017

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from Oct. 13 thru 17, 2017. RETAIL – 15569 W BELL RD., SURPRISE Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEG-FIT Bell & Reems Rd, LLC in a 120-month...

CBRE Tucson’s Sales Manager Moves to Brokerage

Alex Hardie joins industry veteran, Buzz Isaacson, in Advisory & Transaction Services as Associate TUCSON, Arizona – CBRE announced today that Alex Hardie, Sales Manager for CBRE’s Tucson office, has transitioned into a brokerage position with CBRE Advisory & Transaction Services. In her new role, Hardie will work closely with Buzz...

Tempe Industrial Building Sells for $1.8 Million

Investor Sees Opportunity in Long-Term Tempe Growth Phoenix, Arizona – Hearts and Smiles, LLC, an Arizona Limited Liability Company has purchased the industrial building located at 1445 S. McClintock Dr. in Tempe.  The investor purchased the 38,400-square-foot building for $1.8 million ($46.88 PSF). “The building is a unique asset because of...
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