Thursday, February 22, 2018

Scottsdale’s Galleria Corporate Centre Sells for $68.6 Million

Galleria Corporate Centre, a Class-A, mixed-use office and retail project, located at 4301 and 4343 N. Scottsdale Rd. in Scottsdale sold for $68.6 million ($128 PSF) for the 537,110 square-foot complex. Jim Fijan and Will Mast with CBRE’s Phoenix office represented J.E.M.B. Realty Corporation, a New York City-based company (Joseph...

Phoenix Based Cole Capital Launches Cole Office & Industrial REIT

Cole Capital™, the private capital management business for Cole Real Estate Investments, Inc. of Phoenix announced the launch of Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), focused on net lease office and industrial assets. CCIT II intends to invest primarily in single-tenant, income-producing, "necessity" office and industrial...

AZ in Top 5 for Home Appreciation – National Prices Rose...

CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, released its August CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including distressed sales, increased 12.4% on a year-over-year basis in August 2013 compared to August 2012. This change represents the 18th consecutive monthly year-over-year increase...

JCPenney Closing 15 Outlet Stores in 14 States

COLUMBUS, Ohio -- After more than 50 years in business, JC's 5 Star Outlet/JCPenney Outlet has announced the wind down of operations and the closing of all 15 Outlet stores in 14 states. "Going Out of Business" or "Total Inventory Blowout" sales will start Wednesday in each Outlet store,...

Real Estate Daily News Buzz – OCT. 3, 2013

The Dow Jones industrial average ended the day Wednesday down 58.56 points, or 0.4%, at 15,133.14 points. The Standard & Poor’s 500 index fell 1.13 points, or 0.1%, to 1,693.87. The NASDAQ composite declined 2.96 points, or 0.1%, to 3,815.02. This Day Two of the slimmer government. LODGE OWNER URGES...

Luxury Apartment Complex Sold for $57.75 Million $209,239 a Unit –...

The Paragon at Kierland, a 276-unit, Class A luxury apartment complex located on the Westin Kierland Golf Course sold for $57.75 million ($209,239 per unit) or $200 per square-foot. The transaction is the highest per unit sale to date in 2013 and the highest per unit sale in the last...

Real Estate Daily News Buzz – OCT. 2, 2013

The Dow Jones industrial average rose 62.03 points, or 0.4%, to 15,191.70. The Standard & Poor’s 500 index gained 13.45 points, or 0.8%, to 1,695.00. The NASDAQ composite rose 46.50 points, or 1.2$, to 3,817.98 on Wednesday, Day One of the slimmer U.S. government. AMAZON TO HIRE 70,000 FULL-TIME SEASONAL WORKERS Amazon.com,...

PHOENIX SALES TOTALING $3.76 MILLION

RETAIL – 3101 W INDIAN SCHOOL ROAD, PHOENIX Bill Johnson’s Big Apple West restaurant at 3101 West Indian School Road in Phoenix sold for $675,000 ($65 PSF) to Scott Capital Holdings of Arizona, LLC for the 10,346- square-foot building. Martin Leon and Chris Corso with DeRito Partners in Phoenix represented...

Spirit Halloween Ready for a Monster Hallo’season

Spirit Halloween, an affiliate of Spencer Gifts, LLC of Egg Harbor, NJ, the largest seasonal Halloween retailer in North America, has opened its gates for the 2013 Halloween season in each of the 1,050 Spirit Halloween locations in the United States and Canada this year. Celebrating 30 years of...

PORT OF TUCSON’S FIRST RAIL EXPORT HEADED TO JAPAN

http://www.youtube.com/v/crkDXzqy0x0?autoplay=0&rel=0 On Thursday morning, September 26, 2013, APL Logistics dispatched the first ever ocean container to the Port of Tucson container yard, to be loaded locally with an export shipment going straight to Japan.  Azmira Pet Food, a Tucson company, is the first to take advantage of the new capability at the...

Real Estate Daily News Buzz – OCT.1, 2013

The Dow Jones industrial average fell 128.57 points to close at 15,129.67 Monday. The Standard & Poor’s 500 index lost 10.20 points to 1,681.55. The NASDAQ fell 10.12 points to 3,771.48. OBAMACARE GOING LIVE – GLITCHES AND ALL TUESDAY Contentious from its beginning, President Barack Obama’s health care law has survived...

Office at 3333 E Camelback Phoenix Sells for $12 Million

A 2-story class-A office building at 3333 E Camelback Road in Phoenix sold to Fenway Properties of San Diego, CA for $12 million ($130 PSF). The multitenant 92,233 square-foot building is comprised of two contiguous 2-story buildings built in 1984 on 4.97 acres. The buyer plans to upgrade the common...
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