Sunday, May 19, 2019

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...

A Tale Of Two Multi-Family Properties On Geronmino

Two apartment properties on Geronimo Avenue sold within one day of each other recently; they were located within two blocks of each other, but sold for dramatically different prices. The two sales when viewed side-by-side demonstrate the buyers’ individual preferences, only time will tell which was the better investment. The...

New Hope Machine Exercises Lease Purchase

Robert Sites, the owner of New Hope Machine Shop exercised a purchase option on the building leased for three years at 1840 W Wetmore in Tucson. The purchase price was $304,000 for the 4,000 sq. ft. ($76 PSF) for the steel building constructed in 2001 on a 13,049 sq....

Culver’s Opens Second Restaurant April 22nd at River & First

Culver’s will open its second restaurant in Tucson on Monday, April 22nd at 4810 N First Avenue, at the southeast corner of River and First Avenue, its owner Kevin Hart, announced today. G4 Construction of MN, a partner, was the builder of the 4,517 sq. ft. restaurant on 2...
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