Wednesday, December 12, 2018

Lennar Multifamily Acquires Two Scottsdale Office Buildings

Company Plans to Raze Existing Structures and Build a 294-Unit Apartment Community Phoenix, Arizona – Lennar Multifamily Communities (LMC) of Charlotte, NC has acquired two office buildings situated on a total of 4.17-acres within the Kierland development in Scottsdale.  The company plans to demolish the two Class “A” office buildings...

Workforce Development Coordinator named to head County’s Community Services Department

PIMA COUNTY -- Arnold Palacios, who has more than 30 years’ experience with workforce development, education and economic development programs in urban and rural Pima County, was recently named director of the Pima County Community Services, Employment and Training Department (CSET). CSET administers programs to improve the economic and social...

Kino South Sports Complex expansion project gets OK on second phase...

When completed, KSC will be among the nation’s finest sports tournament facilities PIMA COUNTY – On Tuesday, Dec. 4, the Pima County Board of Supervisors approved, in a 3-2 vote, a $9.6 million increase in funding to the contract with Haydon Building Corp for the construction of Kino South...

Central Phoenix Walgreens Center Sells for $3.3 Million

Redevelopment Opportunity Positioned in Regentrifying Neighborhood Phoenix, Arizona – The Walgreens Center at 8905 N. 7th St. in North Central Phoenix has been sold for $3.3 million ($86 PSF).  The redevelopment opportunity was purchased by Capital Development Group and its partner Rhapsody Ventures of Phoenix. “We brought this asset to...

Board approves donation of conservation easements near Ajo

PIMA COUNTY -- The Board of Supervisors Dec. 4 unanimously approved donation agreements that will preserve approximately 545-acres of an important natural area just west of the community of Ajo in far western Pima County. The land, made up of 11 privately-owned parcels that feature a mix of large saguaro...

Arrowhead Builders breaks ground on wellness campus on SRPMIC land in...

CHANDLER, ARIZONA – Arrowhead Builders, a Native American-owned general contractor, recently broke ground in Scottsdale on the 43-acre Sierra Bloom Wellness Campus with plans next year to break ground on a 119-room Holiday Inn. Sierra Bloom Wellness Campus will be built on Salt River Pima-Maricopa Indian Community land at the Loop...

Univeristy of Arizona Eller College of Management Announces 2018 Economic Outlook...

Local Economists Share their Forecasts During Mid-day Seminar at Westin La Paloma TUCSON, Ariz. — On Friday, December 7, the University of Arizona Eller College of Management hosts its annual economic outlook Luncheon at the Westin La Paloma, located at 3800 E. Sunrise Drive in Tucson. The luncheon focuses on the future of...

Lakeside Business Park Sells Broker to Broker for $3.875 Million

TUCSON, ARIZONA -- Lakeside BP LLC (Gary Emerson, member) purchased Lakeside Business Park at 7941-8051 East Lakeside in Tucson from Tesoro Enterprises, LLC for $3.875 million ($58 PSF). The 66,670-square-foot business park in three buildings is zoned C-2 and was built in 1984 and expanded in 1990 on 4.47 acres. Tenants...

Orsett Properties Sells Beverly Center for $6.75 Million

PHOENIX, Arizona – Beverly Holdings, LLC of Woodland Hills, Calif. announced today the purchase of Beverly Center, a single-story, 43,013-square-foot Class A single-tenant office property. The property located at 8181 S. 48th Street in Phoenix was sold by Orsett Properties LLC for $6.75 million. Eric Wichterman and Mike Coover of...

Pima Board approves certification agreement for Anza Trail

PIMA COUNTY -- The Board of Supervisors Tuesday unanimously accepted an agreement with the National Park Service certifying that the portion of the Juan Bautista de Anza National Historic Trail running through Pima County meets Park Service standards. The trail, established by an Act of the United States Congress in...

Plaza Encantada Offices Sell to California Investors for $1.275 Million

TUCSON, ARIZONA – Plaza Encantada Office complex at 2802-2810 N Alvernon Way in Tucson sold for $1.275 million ($103 PSF) to a group of California investors, MBLA Tucson, LLC c/o MEI Real Estate Services of Los Angeles. Plaza Encantada, the Enchanted Place, is full of southwestern charm. Located at the...

California Investor Pays $50+ Million for Mesa Apartment Complex

396-unit Argenta Apartments Poised for Renovation and Appreciation in Value Phoenix, Arizona – Argenta, a 396-unit apartment community at 4104 E. Broadway Rd. in Mesa, has been sold to a California investor for $50,275,000.00 ($127,000 per unit).  The development offered opportunity for future value appreciation with extensive renovation and modernization. Argenta...
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