Wednesday, June 26, 2019

BILTMORE COMMERCE CENTER TO BE REPOSITIONED

PHOENIX, AZ -- Cushman & Wakefield of Arizona has been selected to handle leasing of the prestigious Biltmore Commerce Center, a Class A office complex at 3200 East Camelback Road in Phoenix. The property, which was recently purchased by DPC Development Company of Denver, will undergo a significant modernization and...

Bankruptcy Court: ECOtality Sells $96 Million Taxpayer Assets for $4.3 Million

Taxpayer-backed green energy company ECOtality that filed for chapter 11 bankruptcy protection last month has offers to sell its assets for $4.3 million to three separate buyers according to court records. The Department of Energy (DOE), which awarded the company $115 million in stimulus funds to produce those Blink chargers...

Brian Teske Joins Sperry Van Ness Phoenix Multifamily Team

The Phoenix office of Sperry Van Ness is pleased to announce the addition of Brian Teske as Associate Advisor with the Phoenix multifamily team of commercial real estate professionals. Teske has a Certified Commercial Investment Member (CCIM) as well as a Certified Property Manager Designation (CPM) through the Institute...

Real Estate Daily News Buzz – OCTOBER 17, 2013

Business Matters 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 stock market to save you time. You might find...

33-Lot Atalon in Scottsdale Fetches $5 Million from Toll Brothers Inc.

Toll Brothers Inc (NYSE:TOL) a national builder of luxury homes purchased a 33-lot subdivision known as Atalon in northeast Scottsdale for $5 million ($152,000 per lot). The property, of approximately 81 acres, was annexed into the City of Scottsdale in 1982 as low density residential. The property comprises 11...

EC&R Dedicates Maiden Solar 15MW Facilities in Tucson

TUCSON, AZ - E.ON Climate & Renewables (EC&R) Solar held a dedication ceremony Monday of its first two solar photovoltaic (PV) projects in the Tucson, Arizona area delivering a combined total of 15 megawatts (MW) of solar capacity. Both projects have long-term power purchase agreements (PPAs) with Tucson Electric Power (TEP). "These...

Real Estate Daily News Buzz – October 16, 2013

Business Matters 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 stock market to save you time. You might find...

Gramercy Property Trust Acquires a $17.85 Million Cold Storage Facility in...

Gramercy Property Trust Inc. of New York (NYSE:GPT), a real estate investment trust, has closed on the acquisition of an approximately 220,000 square foot food-grade cold storage and distribution facility located at 3701 S Avenue 3 ½ East in Yuma, Arizona. The sale price reported was $17.85 million ($81...

Tucson New Home Permits Down 26% – Marana Up 49% Y-O-Y

The following chart shows new home permits month-by-month for Southern Arizona.  Q1 2013 totaled 644 new home permits (+22%) from previous 2012 quarter, Q2 2013 - 564 news home permits issued (-14%) and Q3 2013 - 530 permits issued in the area a (-6%) drop in third quarter. Southern Arizona new...

Real Estate Daily News Buzz – October 15, 2013

Business Matters 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 stock market to save you time. You might find...

PHOENIX INDUSTRIAL PROPERTY SELLS FOR $3.05 Million

An industrial distribution property at 2 -36 N. 35th Avenue in Phoenix, Arizona sold recently for $3.05 million ($32.48 PSF).  The buildings are an aggregate 93,912 square-feet and were built in 1980. The property sold to H35 Building LLP, an Arizona Limited Partnership.  The seller was Lindquist Development Company, Inc.,...

ADOT seeks improvements to SR 189 as Mariposa Port expansion nears...

At less than four miles long, State Route 189 in Nogales is one of the shortest routes on the state’s highway system, but it is one of the most critical when it comes to commerce and trade due to its close proximity to the U.S.-Mexico border. The highway serves as...
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