Monday, February 18, 2019

Arizona’s apartment market a major economic driver, but lack of affordable...

PHOENIX, ARIZONA – The total annual economic impact of construction and operations within Arizona’s apartment industry is the equivalent to the state playing host to more than 10 Super Bowls each year. The apartment industry generates 22,000 jobs, $699 million in wages, and $3.8 billion in economic output each year...

CBRE Completes Sale of La Ronde Medical Centre in Sun City,...

PHOENIX, Arizona – CBRE announced today that the firm has completed the sale of the La Ronde Medical Centre, located at 14620 North Del Webb Boulevard in Sun City, Ariz. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany with CBRE U.S. Healthcare Capital Markets and Andrew...

NAI Horizon promotes retail specialist Matt Harper, CCIM, to Vice President

PHOENIX, ARIZONA – NAI Horizon is pleased to announce that Matt Harper, CCIM, has been promoted to Vice President. Harper wrapped up a stellar 2018, leading NAI Horizon brokers with the most transactions by an individual, 63 (worth $28.8 million). He closed out 2018 representing the buyer in a $4.7...

Berkadia Completes Sale of Canyons at Linda Vista Trail in Oro...

ORO VALLEY, ARIZONA -- Northland Investment Corporation of Newton, MA (Matthew Gottesdiener, Chief Investment Officer) acquired Canyons at Linda Vista Trail, a 228-unit luxury apartment community in Oro Valley, for $41.25 million ($181,000 per unit). The purchase of the new development completed in 2014 by Boulder Oro Valley (Ross...

San Diego Developer Pays $6 Million for 36 Acres in Goodyear

Mixed Use Project including Multifamily and Retail Space Planned for Site Phoenix,  Arizona  – Sunbelt Land Holdings, L.P. of San Diego has purchased 36 acres at the northeast corner of Interstate 10 and Bullard Road for $6 million ($166,666 per acre).  The developer plans to build a mixed-use project on...

County seeks proposals for commercial development of Kino South

Public-Private Partnership hoped to bring lodging, dining, retail to tournament sports site PIMA COUNTY – As construction of 20 pickleball courts and 12 professional quality multiuse fields progresses at the 170-acre Kino South Sports & Entertainment Complex, at Benson Highway and Kino Parkway, the County Feb. 1 asked for statements...

Hobby Action at Chandler Pavilions II Changes Hands

Cushman & Wakefield of Phoenix sells 20,937 SF retail building PHOENIX, Arizona – Cushman & Wakefield completed the sale of Hobby Action at Chandler Pavilions II, located at 865 N. 54th Street in Chandler, Ariz. Chandler Pavilions, LLC of Chandler purchased the property from MDI 54, LLC of Encino, Calif....

Manufacturing productivity increases 1.3% in fourth quarter 2018

Manufacturing sector labor productivity increased 1.3 percent during the fourth quarter of 2018, the U.S. Bureau of Labor Statistics reported Wednesday, as output increased 2.3 percent and hours worked increased 1.0 percent. From the fourth quarter of 2017 to the fourth quarter of 2018, manufacturing productivity increased 0.7 percent,...

Iconic Deconcini Building on Broadway Sells for $4.73 Million

TUCSON, Arizona – The iconic DeConcini Building at 2525 E Broadway in Tucson sold for $4.725 million ($147 PSF). The 32,160-square-foot building located on 2.08 acres at the northeast corner of Broadway and Tucson Boulevards was 100% occupied at time of sale and purchased by Broadway Executive Plaza (Robert Assenmacher,...

One Agave Center sells in Phoenix’s I-10 Technology Corridor

Office sale supported by area’s low 3.03% vacancy rate PHOENIX, Arizona – The Phoenix office of JLL has completed the sale of One Agave Center, one of the only four-story office buildings situated along the South Tempe/Ahwatukee portion of the I-10 Technology Corridor in metro Phoenix’s Southeast Valley. JLL Executive Vice President...

Pima County to sell $25 million in bonds to fund roadway...

Improvements to three major corridors will be completed PIMA COUNTY - The Pima County Board of Supervisors on Feb. 5, unanimously approved the sale of $25 million in Highway User Revenue (HURF) bonds to fund a selection of voter-approved roadway improvements. The sale of the bonds, paid for through the County’s...

Tucson Museum of Art Names Kristopher Driggers Assistant Curator, Schmidt Curator...

TUCSON, ARIZONA – The Tucson Museum of Art (TMA) announces the appointment of Kristopher Driggers as TMA’s Assistant Curator, Bernard and Jeanette Schmidt Curator of Latin American Art. Currently a lecturer at University of Texas Rio Grande Valley, the nation’s second-largest Hispanic-serving Institution, Driggers will finish his semester of...
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