Thursday, January 18, 2018

108 More Homes Being Constructed in Star Valley By Lennar Homes

Miramonte Holdings, Miramonte Homes and Borderland Star Valley of Tucson sold 108 finished residential lots to Lennar Homes of Arizona, a subsidiary of Lennar Corporation of Florida (NYSE:LEN), for $3.024 million, or $28,000 per lot in Block 18 at Star Valley. The 55' x 110' finished lots are in...

TUCSON LEASE REPORT – JUNE 10-14, 2013 AZ Air Time Jumps...

RETAIL SPACE - 3931 W COSTCO DRIVE, MARANA AZ Air Time Tucson, LLC (Barry and Jeff Jenkins) leased the 25,815 sq. ft. the former Petsmart at 3931 West Costco Drive for an indoor, air conditioned trampoline park.  AZ Air Time is a family business owned by long time Phoenix area residents Jeff...

Richmond American To Build 125 Homes at Eagle Crest Ranch (Pinal...

CRVI H-AZCO, LLC, an affiliate of Cypress Real Estate Advisors of Austin, TX sold 125 residential lots to Richmond American Homes of Arizona (Michael Del Castillo, Regional Vice President), for $1.86 million, or $14,840 per lot in Eagle Crest Ranch V in Pinal County.  The lots were a mixture...

Fed May Continue Stimulus; Pimco Predicts for Another 5 Years

St. Louis Federal Reserve President James Bullard and Josh Thimons of Pacific Investment Management Company (Pimco), the world's largest fixed income fund gave their economic forecasts recently.  They actually agree. According to James Bullard, speaking Monday at  the 19th Annual Conference of the International Economic Forum of the Americas in...

ASM HQ Building Phoenix sells for $19.75 M

Reprinted from the ADI News Services, June 11, 2013 article CBRE negotiated a $19.75 million sale leaseback of a 130,282-square-foot single-tenant, high-tech/research and development building located at 3440 E. University Drive in Phoenix, AZ. The property is the America headquarters and global training center for ASM, a subsidiary of ASM...

Hong Kong Hottest Global Retail Market 2012

Hong Kong attracted significantly more cross-border retailers than in any other city in 2012, making it the world’s most attractive retail market, according to a report by CBRE Global Research and Consulting. The firm annually maps the global footprint of 320 world retailers. These retailers targeted a wide range...

Growth & Reductions for some National Retailers

Restaurant chain Chick-fil-A  plans to open 102 new locations across the country in 2013, including 78 stand-alone, one drive thru, four in-line and two mall restaurants to go along with 17 licensed locations. The company continued to grow in 2012, increasing the number of new restaurants initially planned for the...

Homeowners: FHA Changed The Rules on June 3rd

For the seventh time in 5 years, the Federal Housing Administration (FHA) raised its mortgage insurance premium (MIP) schedule for FHA-insured borrowers on April 1, 2013. As of June 3, HUD revised the FHA minimum time a borrower must hold mortgage insurance and rescinded the automatic cancellation of annual...

Retail M&As in the News

Foot Locker announced that it will buy Runners Point Warenhandelsges, a German athletic store chain with more than 200 stores for approximately $94 million as it expands in Europe. Sears Holdings has formed a new unit to market space from Sears and Kmart stores for data centers, disaster recovery space...

Wall Street Buyers Behind the Rise in House Prices

By Nathaniel Popper / The New York Times, June 4, 2013 The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing up prices were mostly small time. Nowadays, they are big time — Wall Street big. Large investment firms have spent billions of dollars over...

Tornado Relief Donations Welcomed at A Family Discount Storage’s 17 Locations

A Family Discount Storage would like to remind everyone that World Care Civilian Emergency Relief Center is collecting emergency relief supplies for victims of the recent and ongoing tornadoes and storms in the Midwest. More than 60 million Americans are still at risk as severe storm and tornado warnings...

HB-2443 Stops Waiver of Rights for Tucson Businesses

Reported from the Arizona Daily Independent, June 2, 2013 HB-2443 passed the House Final Read with a unanimous vote and was signed into law April 10th by the governor, effective 90-days after the end of the 2013 legislative session. The new law is significant for Tucson businesses because it makes it...
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