Thursday, November 23, 2017

Ina Road bridge work results in change to effluent discharge

MARANA, Arizona -- The Ina Road construction project led by the Arizona Department of Transportation and the Town of Marana has resulted in the diversion of effluent flowing in the Santa Cruz River. The flow diversion, which was necessary for the construction of a bridge over the Santa Cruz at Ina Road,...

NAI Horizon, NAI Martens negotiate $2.05M Kansas self-storage sale

PHOENIX, ARIZONA – NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $2.05 million sale of Budget Storage and U-Haul in Hutchinson, Kansas. Nunez and Wessel represented the seller, Budget Storage Development, LLC, of Wichita, Kansas. Jerome Castillo of...

Kino Stadium District RV surcharge to end

Kino Sports Complex fully paid off at the end of this year PIMA COUNTY – The Pima County Board of Supervisors Nov. 7 voted 4-0 to approve a resolution to end the 50-cent recreational vehicle space surcharge implemented in 1997. The county imposed the surcharge to repay the construction debt...

Bourn Buys Tucson Land for Future Office Development at 29th &...

TUCSON, Arizona – BP Swan Investors, LLC (Don Bourn, manager) and Maizlish College Partners GLS, LLC (Toufic Abi-Aad, member), affiliates of Bourn Companies, purchased property at 4710 E 29th Street and 2021 S Swan Road in Tucson for $1.6 million ($1.31 PSF). The 27.7763 acres sold with 115,245-square-feet of buildings...

Willmeng Construction Breaks Ground on Gilbert Fire Station #9

GILBERT, Ariz. – A ceremony to announce the groundbreaking of Gilbert Fire Station No. 9 was held this morning. The 12,137-square-foot prototypical station, located near Higley and Ocotillo Roads, is being constructed by Willmeng Construction and designed by HDA Architects. “As Gilbert continues to grow, we are excited to break...

Lee & Associates Arizona arranges $21.3M sale of Biltmore Pointe Apartments

TEMPE, ARIZ. – Lee & Associates Arizona announced today that the Braun Apartment Group arranged the $21.3 million sale of Biltmore Pointe in Phoenix to Portland’s Bean Investment Real Estate (BIRE). The 302-unit property is located at 2802 E. Osborn Rd. The Braun Apartment Group represented the seller, Biltmore Pointe...

Suzanne Kinney Named President of NAIOP Arizona

Phoenix, Ariz. — The Arizona chapter of NAIOP, a prominent commercial real estate voice in the state, has named Suzanne Kinney as its new president. Kinney joins NAIOP Arizona after a stint as interim manager for the Arizona Mining Association where she managed operations and activities of the statewide trade...

Lennar Joins Meritage and Richmond at La Estancia in Tucson

TUCSON, Arizona – SBH La Estancia, an affiliate of Sunbelt Holdings, the developer of La Estancia has sold 350 lots in 2017 with Meritage, Richmond and now Lennar Homes there. La Estancia has sold more lots than any master planned community in metro Tucson, making it the best performing...

Belmont Master-Planned Community Receives Approximately $80 Million Investment from Mt. Lemmon...

Phoenix, Arizona - Belmont Partners, an Arizona-based real estate investment group, today announced an investment of approximately $80 million by Mt. Lemmon Holdings to spur the planning and development of Belmont, a 24,800-acre master-planned community located in the western reaches of Maricopa County, Arizona. Belmont is one of the...

NAI Horizon negotiates building sale for new Phoenix Animal Care Coalition...

PHOENIX, ARIZONA – NAI Horizon negotiated the $3.1 million sale of building in Phoenix that will serve as the new offices, adoption center, and no-kill shelter for the Phoenix Animal Care Coalition (PCAA911). The NAI retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate...

Sunrise Management To Oversee Renovations at Phoenix Multifamily Properties

Two Communities to be Combined into One Transit-Oriented Neighborhood PHOENIX, Arizona – Marking its second venture with Henley Modern Residential in the Phoenix area, Sunrise Management, which has specialized in the management of multifamily properties since 1978, will oversee a $3.6 million renovation and repositioning project on two recently acquired...

Sunflower Apartments in Tucson Sell for $6.67 Million

TUCSON, Arizona – The Marcus & Millichap Real Estate Investment Services Team of Hamid Panahi, Steve Gebing and Cliff David closed on the Sunflower Apartments at 6502 E Golf Links Road in Tucson for $6.67 million ($46,300 per unit). The seller of the 144-unit complex was GR Partners Sunflower, an...
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