Friday, September 21, 2018

Rio Nuevo Releases RFP for the 8.5 Acre “Arena Lot” Downtown

As part of the global settlement of lawsuits with the City of Tucson the Rio Nuevo District battled for and eventually received the deed to the 8.5 acre parcel along the freeway between Congress and Granada. The District in now preparing to partner with a private developer to develop...

DDR Announces Proactive Project To Recapture Prime Anchor Store Locations

BEACHWOOD, Ohio, DDR Corp. (NYSE: DDR) the owner and manager of 396 value-oriented shopping centers including Tucson Spectrum and representing 108-million-square-feet in 39 states and Puerto Rico announced Thursday the commencement of a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio. Through this initiative,...

Real Estate Daily News Buzz – May 30, 2014

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you...

Four Multi-family Transactions Totaling $15.15 M in Metro Phoenix

Phoenix, Arizona – Neil Sherman and Carrick Sears, multifamily specialists in the Phoenix office of Sperry Van Ness, negotiated the $2,825,000 ($47,083 per unit) sale of Country Aire Apartments located at 1701 N. Palo Verde Drive in Goodyear, AZ. The buyer, Univest, Inc of Newport Beach, CA, purchased the 60-unit...

Precision Installation Procures 45,307 SF Warehouse for $2.98 Million in Phoenix

PHOENIX, AZ – Precision Installation, Inc., a local commercial furniture and equipment installer, has purchased a 45,307-square-foot warehouse property at 8201 S. 48th Street in Phoenix for $2.98 million ($65.66 PSF) to relocate its corporate headquarters from the current Mesa, Arizona location. Lee & Associates principals Rick Robertson and Scott...

Nuclear Regional Response Center Buys Industrial Building in Tolleson for $3.9...

Commercial Properties, Inc. announced the sale of a 72,570-square-foot industrial property located at 8100 W. Buckeye Rd. in Tolleson, Ariz.  Andy Jaffe, SIOR of CPI’s Tempe office represented the buyer, Barnhart Crane and Rigging Company, in this transaction.  The masonry building was built in 1998 and is a single...

Real Estate Daily News Buzz – May 29, 2014

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you...

$75 million luxury condo project planned for downtown Phoenix

Phoenix Business Journal is reporting that Downtown Phoenix is about to get $75 million in new luxury condos as Habitat Metro announced it will begin construction on Phase 2 of its Portland Place condominium community later this year. The new project, called Portland on the Park because of its location...

CBRE Arranges $16.8 Million to Finance Crestone Apartments in Phoenix

PB Bell Companies Sells 248-Unit Asset for $27.2 Million Phoenix, AZ –– CBRE’s Capital Markets group announced last week that it has secured financing on behalf of Real Estate Capital Partners (“RECP”) for the financing of Crestone Apartments at Shadow Mountain  (“Crestone”). Brian Eisendrath with CBRE’s Debt and Structured Finance...

Tesla’s CEO Continues Pitch for ‘Gigafactories’ & S&P Issues Junk Credit...

Tesla Motor’s Elon Musk said the need for lower-cost batteries for autos and power storage means there will need to be hundreds of “gigafactories” like the one the carmaker is planning to build. But for the time being Tesla Motors Inc. is narrowing its search for the much coveted and...

Real Estate Daily News Buzz – May 28, 2014

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you...

Tucson Lease Report – May 19-23, 2014

The following leases were reported to us for the week of May 19 - 23, 2014 for the Tucson Lease Report. FLEX INDUSTRIAL/OFFICE SPACE – 2500 N COYOTE DR., TUCSON The following businesses leased space from 2500 Coyote, LLC at 2500 N Coyote Drive in Tucson: Gentile Church of Christ leased...
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