Thursday, December 13, 2018

Arizonans Spending Up 8.2% – Industrial Leases To Follow

A recent report from Cushman & Wakefield indicates a stong correlation is found between U.S. retail sales and U.S. industrial leasing activity. We know retail sales measure economic activity in the economy and thus serve as an important indicator of economic health.  But, only those retail categories subject to the...

Plan Tucson Final Public Hearing Tonight

Plan Tucson will replace the 2001 General Plan adopted by Tucson Mayor and Council and retified by the voters in 2001. State law requires that every ten years, a jurisdiction revisit its existing general plan and either readopt that plan or adopt a new plan. The City chose to...

Arizona Unemployment By County & 100 Largest Employers

The seasonally adjusted unemployment rate in Arizona was 7.9% in April, for the third consecutive month. The U.S. seasonally adjusted unemployment rate decreased one-tenth of a percentage point from 7.6% in March to 7.5% in April. A year ago the Arizona seasonally adjusted rate was 8.4% and the U.S....

Largest Office Development In AZ To Be 105-Miles From Tucson

TEMPE, Ariz. (May 24, 2013) – The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by ASU adjacent to Tempe Town Lake. The project is subject to city council approval of a development agreement within the next month, the...

JCC Annouces $3.9 Million Capital Campaign at 2013 Annual Meeting

(Press Release) Tucson Jewish Community Center (JCC) announced at its 2013 Annual Meeting held on May 7, 2013, the public launch of their capital campaign, Growing with Southern Arizona. This campaign is for the planned expansion and renovation of the 100,000 square foot JCC facility . Nearly 150 attendees,...

Tucson REALTORS® raising funds to aid Oklahoma tornado victims

The Tucson Association of REALTORS® (TAR) has started a special fund-raising effort to help the victims of the massive tornado in Oklahoma that has killed dozens and destroyed millions of dollars in property. In partnership with the Oklahoma Housing Foundation REALTOR® Relief program, a 501(c)(3) non-profit entity, TAR members and...

CBRE Looks Like A Million Bucks at ICSC

The 2013 ICSC convention held from May 19 - 21 in Las Vegas ended successfully, with the sentiment that the table has turned for retail. RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With...

Sprouts files $300 million IPO

According to a Reuters news report, Phoenix-based  Sprouts Farmers Markets, Inc. financially backed by Apollo Global Management, LLC a private equity firm located in New York, filed last week to raise $300 million in its initial public offering of common shares. The application with the SEC did not divulge...

Local Projects In The News

AZCentral  reports that progress was halted on the Maricopa County Sheriff’s Office construction site at Sixth Ave. and Jackson Street in Phoenix after a bomb threat on May 1st. More than 70 construction workers were sent home after graffitti was found saying, “Bomb inside…No Work Today…Happy May Day…Stop building...

St. Michael the Archangel Ground Breaking Today

San Tan Valley News reports that the first Catholic Parish in the San Tan area, St. Michael theArchangel, held its ground breaking ceremony at 26035 N Apollo Dr., San Tan Valley on May 4th. The ground breaking is for the first phase of the complex– the Parish Hall, that...

Lennar Homes Acquires 45 Lots at Eagle Crest Ranch (Pinal County)

CRVI H-AZCO, LLC, an affiliate of Cypress Real Estate Advisors of Austin, TX sold 45 finished residential lots to Lennar Homes of Arizona, a subsidiary of Lennar Corporation of Florida (NYSE:LEN), for $2.25 million, or $50,000 per lot in Eagle Crest Ranch V. Eagle Crest Ranch is a community...

Tucson Retail Up and Down, Housing Inventory Declines, and Consumers ‘Only...

Picor Commercial Real Estate an affiliate of Cushman & Wakefield released its ‘Marketbeat Retail Snapshot’ for Q1 2013 last week. The report indicates little change in retail vacancies, with little more than a percentage point in movement since Q3 2009, “for years, Tucson’s retail vacancy has inched up and...
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