Saturday, February 17, 2018

NW Allied Physicians Building Sells for Investment at $2.9 Million

MARANA, ARIZONA – A subsidiary of Diamond Ventures in Tucson (Bill Kelly, CFO) sold the building occupied by Northwest Allied Physicians at 7890 N Cortaro Road in Marana for $2.875 million ($368 PSF). The 7,805-square-foot build-to-suit was built by the seller in 2017 and is fully occupied by Northwest Allied...

New JLL Capital Markets team wins Papago Gateway Center listing

Desmond, Moffitt, Bauman to market First Solar global HQ building for sale PHOENIX, Arizona – On the heels of forming a new brokerage team focusing on both multi-tenant and net leased investments, Managing Director Dennis Desmond and Senior Vice Presidents Tivon Moffitt and Peter Bauman from the Phoenix office of JLL have earned the listing for Papago Gateway Center,...

Camelot Homes Holds Feb. 21 Grand Opening of New Community White...

SCOTTSDALE, ARIZ. – Camelot Homes, a third-generation homebuilder in Scottsdale, is holding a grand opening for White Horse, an iconic new community representing the pinnacle of Camelot’s 45-plus years of experience in luxury homes. White Horse is holding an official grand opening on Feb. 21 with more than 200 homeowners...

DR Horton Joins Richmond American at Santa Cruz Meadows in Sahuarita

SAHUARITA, ARIZONA -- DR Horton, Inc. purchased 10 finished lots under a rolling option agreement for 93-lots from Tucson Land, LLC at Santa Cruz Meadows in Sahuarita. The price was $51,000 per lot for the 7,000-square-foot lots. DR Horton is the second builder at Santa Cruz Meadows along with Richmond...

Phoenix T-Mobile Sold for $1.85 Million

Cushman & Wakefield Negotiates Sale of Freestanding Retail Building PHOENIX, Arizona – Cushman & Wakefield completed the sale of T-Mobile, located at 4314 W. McDowell Road in Phoenix. Phoenix-based Sepmar LLC purchased the property from TK MCR LLC of Phoenix for $1.85 million ($617 PSF). Cushman & Wakefield Senior Director Chris...

A Potential Solution to Short-Term Rentals

OPED by Derek J. Pfaff In 2016, Governor Doug Ducey signed Senate Bill 1350, thereby preventing Arizona cities, towns and counties from prohibiting vacation and short-term rentals, and curtailing their ability to regulate such rentals.  These restrictions are found in A.R.S. §9-500.39, governing cities and towns, and A.R.S. §11-269.17, governing...

The EMPowerplay DEK Hockey Initiative – Coming to a TUSD School...

TUCSON, ARIZONA -- The Tucson Unified School District (TUSD) Board gave a unanimous green light to a donation being offered by EMPowerplay, the Arizona Coyotes and Tucson Roadrunners to build a multipurpose outdoor DEK rink at Doolen Middle School at its regularly scheduled meeting Tuesday evening. Mark Irvin, CCIM,...

NAI Horizon negotiates $1.129M sale of Chandler industrial building

PHOENIX, ARIZONA – NAI Horizon Senior Vice President Rick Foss represented the buyer in the $1.129 million sale of a 10,161-square-foot industrial building at 503-505 E. Boston Circle in Chandler, Ariz. NAI Horizon represented Pacific Desert, LLC of Phoenix in purchasing the industrial building that sits on almost one acre...

Tucson CCIM Real Estate Legends welcomes Si Schorr

TUCSON, ARIZONA -- Si Schorr was inducted into the CCIM Tucson Real Estate Legends Tuesday at the CCIM Annual Forecast Meeting. The induction takes place each year to honor those “legends” who have built the commercial real estate community in Tucson from its early beginnings. The following presentation was read...

Phoenix West Commercial Welcomes Sandra Griggs, Sr. VP Office / Retail

Avondale, AZ – Sandra Griggs has been a commercial real estate broker for over 30 years. Ms. Griggs has worked extensively with owners of new, planned, to-be-renovated and existing properties, parks and land—designing and implementing creative marketing programs to maximize the value of the real estate, secure the highest...

JANUARY 2018 Tucson Housing Statistics

The Tucson Association of REALTORS® (TAR) representing the interests of over 5,100 professionals in Southern Arizona as the voice of the real estate industry publishes month residential statistics on the housing market for metro Tucosn.  Details at www.tucsonrealtors.org. Below are some highlights from the January 2018 Residential Sales Statistics: ...

Tucson Multitenant Office Complex on Swan Road Sells for $700,000

TUCSON, ARIZONA -- The multitenant office building at 800 N Swan Road in Tucson sold to Lerdal 800, LLC (Swain Chapman of Chapman Management,  managing member) for $700,000 ($70 PSF). The seller was a Canadian investment group from Ontario. The 10,000-square-foot professional class B, office complex was built in 1982...
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