Monday, February 18, 2019

Liv Communities opens Valley’s newest senior living community, LivGenerations Pinnacle Peak

TEMPE, ARIZONA ‒ Liv Communities is expanding its footprint in the Valley with the opening of its third senior living community, LivGenerations Pinnacle Peak. A grand opening ceremony is scheduled for Feb. 28 at the $40.5 million, 110-unit property at 23733 N. Scottsdale Rd., in Scottsdale. Liv Communities has senior...

Northwest Exterminating Expands at the Shamrock Center in Tucson

TUCSON, ARIZON -- Northwest Exterminating and Northwest Landscaping purchased a 2800-square-foot industrial building and 1.33 acre of vacant excess land in Shamrock Center for an aggregate total of $905,000. The company already occupies the building at 4645 N Shamrock Place and purchased the properties for expansion. The building at 1771...

California Investor Acquires Second Metro Phoenix Multifamily Community for $26.5M

PHOENIX, Arizona –– CBRE has brokered the sale of The Wexler, a 219-unit multifamily community in central Phoenix for $26.5 million ($121,000 per unit). Brian Smuckler, Jeff Seaman and Bryson Fricke represented the seller, 3030 N. 7th Street, LP, an affiliate of Austin-based Pennybacker Capital, and the buyer, Wexler Partners,...

Sundt Earns Mining Industry Partnership Award

TUCSON, Ariz. –Sundt Construction, Inc. (www.sundt.com) recently was honored with the Industry Partnership Award from the Mining Foundation of the Southwest at the 36th American Mining Hall of Fame Awards Banquet in Tucson, Ariz. “Sundt is honored to be recognized by the Mining Foundation of the Southwest as a key...

CBRE Completes Sale of N.O.A.H Medical Office in Glendale, Ariz.

Phoenix, Arizona – CBRE has completed the sale of a 6,162 square-foot medical office building located in the Brookside Office Park at 11851 North 51st Avenue, Building B, in Glendale, Ariz. The property commanded a sale price of $2.195 million, or $356 per square foot. The building is 100 percent...

Tucson Lease Report Feb 4 – 8, 2019

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Feb. 4 thru 8, 2019. INDUSTRIAL – 2301 S FRIEBUS AVE., TUCSON Heating and Cooling Supply, LLC renewed their lease for a 28,500-square-foot industrial space located at 2301 S. Friebus Avenue with Friebus...

WellCare Health Plans, Inc. Signs Lease at Two Gateway Center

PHOENIX, Arizona – Cushman & Wakefield has announced that WellCare Health Plans, Inc. signed a 10-year, 81,306-square-foot lease at Two Gateway Center. The national health insurance tenant executed a long-term lease worth $23 million will occupy three floors at 432 N. 44th Street in Phoenix. On behalf of WellCare Health...

Studebaker Show set at Canoa Ranch Feb. 16

GREEN VALLEY, ARIZONA -- Vendors, food, music and cars – Studebakers to be exact -- will be on display Saturday, Feb. 16, from 10 a.m. to 2 p.m. at Historic Canoa Ranch, 5375 S. I-19 Frontage Road in Green Valley. The event is free, though donations will be gladly...

AZCREW takes a stroll through ‘The New Park Central’ for its...

PHOENIX, ARIZ. – When Park Central Mall opened in 1957, it quickly became the center of activity along Central Avenue. But over time, Park Central was unable to compete with newer, enclosed shopping malls. Fast forward to the present: The time is right for Park Central to write its next...

Lincoln Property Company Promotes Two to Vice President, Desert West Region

John Orsak, Doug Klocke take on expanded Real Estate and Construction roles PHOENIX, Arizona – Lincoln Property Company (LPC) has promoted industry veterans John Orsak and Doug Klocke to the position of Vice President, expanding the role of each individual within the LPC Desert West Region of Arizona, Nevada, Utah and New...

Marcus & Millichap Arranges Sale of Bellevue Estates & Vista De...

TUCSON, AZ, – 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 Bellevue Estates, a 20-unit apartment property and Vista de Catalina, a 32-unit apartment property both located in Tucson, Arizona. According...

EastGroup Purchases $6.4 Million Parcel in Gilbert for Industrial Park

Developer to Break Ground on Phase I of Four-Building Project in April Phoenix, Arizona –  EastGroup Properties, Inc. (NYSE: EGP) has purchased 23.6 acres of land near Germann and Gilbert roads for $6,411,286 ($271,665 per acre).  The real estate investment trust plans a four-building, two phase industrial park called Gilbert...
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