Monday, October 22, 2018

NAI Horizon negotiates sale of 2-property California self-storage portfolio

PHOENIX, ARIZONA – The NAI Horizon Self-Storage Team of Senior Vice President Denise Nunez and Associate David Loui represented the seller in negotiating the sale of a two-property self-storage portfolio in California. L.P.G. Associates, Inc. of Rohnert Park, California, sold Folsom Parkshore Self-Storage in Folsom, California, and All Size Self-Storage...

Glen Una Buys Investment Property at Tucson International Gateway for $16.42...

TUCSON, Arizona -- A Privately Held Real Estate Investment and Management Group, Glen Una Management, purchased the fully occupied office buildings at 6221 & 6223 South Palo Verde Road in Tucson for $16.42 million ($136 PSF) in the Tucson International Gateway Center. The two buildings totaling 120,810-square-feet were built in...

Sun City Retail Sells for $3.05 Million

Phoenix, Arizona – CBRE has completed the sale of Thunderbird Square, a multi-tenant retail center located at the southwest corner of Thunderbird Road and 99th Avenue in Sun City, Ariz. The 21,627 square-foot retail property is 96.2 percent leased to a complementary collection of national and local tenants, including...

County parking facilities open late for special weekend events

TUCSON, Arizona -- More than 2,000 parking spaces await people attending several popular events this weekend in Downtown Tucson - the annual Tucson Meet Yourself Folklife Festival, TENWEST Festival, Film Fest Tucson and monthly Second Saturdays event. All three of Pima County’s public parking facilities, the Public Works Garage, 50...

Multifamily Advisor, Lee sells complex for $1.35M in south Phoenix

Phoenix, Arizona – SVN Desert Commercial Advisors has been providing full brokerage services to SVN clients throughout the entire year and Danny Lee once again sells another multifamily complex in the valley.  It was a cash transaction. Vice President Investment Advisor and partner, Danny Lee has sold the property located...

Lennar Begins to Pre-Sale Cadence at Gateway in Mesa Prior to...

PHOENIX. Arizona – Harvard Investments, developer of Cadence at Gateway, is proud to announce Lennar Homes will begin to pre-sale three collections of homes at Cadence at Gateway – just off SR 24 at Ellsworth and Ray Roads in Mesa. Lennar offers individuals and families an incredible opportunity to...

DR Horton Acquires New Platted Subdivision in Southern Submarket of Tucson

TUCSON. ARIZONA – D.R. Horton (Brent Davis, Division President) purchased 39 acres at 5975 S Tucson Blvd. in Tucson for $2.184 million ($21,204 per lot).  The property is platted for 103 homesites known as Tres Pueblos Este and is ready for development. Located at the northwest corner of Tucson Blvd....

Infill Camelback Corridor Shops Trades at $466 per Square Foot

PHOENIX – Closing for $4,050,000, or $466 per square foot, this investment offered the Buyer a rare opportunity to purchase a stabilized asset while taking advantage of the meteoric growth of the surrounding submarket. Long-term tenants include 7-Eleven, Ye Old Pipe & Tobacco, Fit Optical and Noble Eatery, providing...

Larsen Baker acquires & renames Bisbee Plaza located in Bisbee, Arizona

Bisbee, AZ – Tucson-based developer, Larsen Baker, LLC has acquired Valley Vista Plaza and renamed it Bisbee Plaza. The company plans a complete major remodel of the shopping center to attract more tenants. The ±45,000-square-foot property is located at 101 S. Naco Highway, on the southeast corner of Naco Highway...

Phoenix Retail Real Estate Market Loses Momentum After Strong First Half

Fourth Quarter Projected to Provide Robust Finish to 2018 Phoenix, Arizona – The Greater Phoenix retail real estate sector posted a lackluster third quarter, following a very strong first six months of 2018. Vacancy dropped slightly, but so did rental rates during the last three months. Development of new...

Raytheon accelerates DeepStrike missile development

New Army weapon will deliver unparalleled precision, firepower TUCSON, Ariz. -- Raytheon Company (NYSE: RTN) completed a significant milestone in the development of its long-range DeepStrike™ missile to meet the U.S. Army's Precision Strike Missile, or PrSM, requirement. The company has integrated its new launch pod missile container into the Army's...

Newly Released Living River Report Highlights Return of the Gila Topminnow

PIMA COUNTY -- The health of the Santa Cruz River continues to improve significantly. The return of aquatic wildlife to the river is proof that clean, reliable water benefits this unique desert ecosystem. In the newly released Living River report, Pima County and Sonoran Institute highlight the return of...
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