Monday, July 15, 2019

AUGUST CONSTRUCTION SPENDING REPORT IS UNKNOWN BECAUSE OF GOVERNMENT SHUTDOWN

Total construction spending hit an unknown level in August because the Census Bureau was unable to release new data as a result of the federal government shutdown according to the Associated General Contractors of America. Association officials cautioned that the impacts of the shutdown will go beyond data as...

Real Estate Daily News Buzz – October 8, 2013

The Dow Jones Industrial average fell 136.34 points to close at 14,936.24 Monday. The Standard & Poor’s 500 index fell 14.38 points to 1,676.12, the lowest in a month. The NASDAQ composite fell 37.38 points to 3,770.38. On this the Seventh Day of the Government Slim Down. The price of...

PHOENIX LEASE REPORT – SEPT. 30 – OCT 4, 2013

GROUND LEASE AT Gilbert & Germann in Chandler, AZ Michael Clark and Dave Cheatham of Velocity Retail Group in Phoenix represented the landlord, Accelerated Development Services and Wadsworth Development in a 20 year ground lease of 1.73 acres located at the southwest corner of Gilbert and Germann in Chandler, Arizona....

Sale of Palm Valley Pavilions East in Goodyear for $4.8 Million

CBRE has completed the sale of Palm Valley Pavilions East in Goodyear, Ariz. The 35,199-square-foot retail center commanded a sale price of $4.8 million ($136 PSF). Palm Valley Pavilions East is located at the southeast corner of Litchfield Road and McDowell Road and is adjacent to the masterplanned community of...

TUCSON LEASE REPORT SEPT 30 – OCT.4, 2013

WAREHOUSE – 1501 E. 21st STREET, TUCSON Growers House, LLC, a supplier of hydroponic systems, setups, kits bulbs, glow boxes, LED grow lights reflectors and related materials leased 15,387 square feet at 1501 E. 21st Street in Tucson from Kash Property Management. Rob Glaser, SIOR, CCIM, Principal and Industrial Specialist...

Velocity Retail Group Awarded 1.5 Million Square Foot Leasing Portfolio From...

Phoenix, AZ - A leasing portfolio of 1.5 million-square-feet of retail shopping centers located throughout metropolitan Phoenix has been awarded to Velocity Retail Group. The owners, NorthStar Realty Finance Corp. based in New York have a total real estate portfolio valued at over $3.5 billion nationwide. The Phoenix portfolio...

News from Southern Arizona Nascent Wine Country

Watching the new Southern Arizona Winemaking industry come to life is getting more exciting these days, as an industry there are some excellent products. With most of the bottling and tasting being done up north, Southern Arizona seems now be catching on that we also have wine enthusiasts down here who...

Real Estate Daily News Buzz – OCTOBER 5, 2013

The Dow Jones industrial average closed up 76.10 points, or 0.5%, at 15,072.58. The Standard & Poor’s 500 index rose 11.84 points, or 0.7%, at 1,690.50 and the NASDAQ composite index gained 33.41 points, or 0.9%, at 3,807.75 on this DAY FOUR of the government slim down. Wholesale gasoline fell...

Successful Public-Private-Partnership Sells for $38.35 Million

Landmark property on Mill Avenue in Tempe,  Centerpoint on Mill,  the heart of downtown Tempe since its inception 28 years ago, has been sold by Scottsdale, Ariz.-based DMB, Inc.(Charley Freedricks, President), to Mill Avenue Retail, LLC of Scottsdale (Dan Dahl, managing member). The 127,027 square-foot commercial property commanded a sale price...

BLUE BELL OPENS NEW DISTRIBUTION FACILITY IN TUCSON

Due to an increasing demand for Blue Bell ice cream and frozen snacks in Arizona, the ice cream manufacturer opened a new 14,000 square-foot distribution and sales facility in Tucson at 9398 East Old Vail Road in Tucson on October 1. The new distribution facility, which will have 24...

Arrowhead Mini Storage in Peoria fetches $4.4 Million

The sale of Arrowhead Mini Storage, a 58,000 square foot, 499 unit, self storage facility built in 1997 was recently recorded. The location of the property is 19315 N. 83rd Avenue in Peoria, Arizona. The property sold to an entity created by Orsett Properties of Phoenix (Michael Freret, CEO)....

Real Estate Daily News Buzz – OCTOBER 4, 2013

The Dow Jones industrial average fell 136.66 points, or 0.9%, to 14,996.48. The Standard & Poor’s 500 index dropped 15.21 points, or 0.9%, to 1,678.66. The NASDAQ composite fell 40.68 points, or 1.1%, to 3,774.34. Not much out of the ordinary on this DAY THREE of the partial government...
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