Tuesday, June 18, 2019

Capstone Advisors Spends $16M on 3 Retail Centers in 3 States

Capstone Advisors, a real estate investment, development and advisory firm headquartered in Carlsbad, Calif., announced that it has completed three retail center acquisitions in three states. The centers, located in California, Arizona and Virginia, were acquired in separate transactions totaling $16 million. The company has now acquired seven shopping...

Canadian Group Buys Desert Harbor Apts. in Peoria for $26.7 Million

Canadian-based, Murray Hill Development Ltd. (aka: MHA Group) of Edmonton, Alberta (Eric Wiedman, principal) purchased the Desert Harbor Apartments at 8885 West Thunderbird Road in Peoria for $26.7 million ($101,000 per unit), through an affiliate, Desert Harbor, LLC. The 264-unit apartment complex in approximately 250,000-square-feet was built in 2000 on...

Are Pima County & ADOT on the Same Road Map?

                    Whereas there is no doubt that transportation is vital to the success of a market economy, much still needs to be understood about ways in which an efficient transportation system can improve productivity of an economy. While the Arizona Department of Transportation announced last month it is moving ahead...

Happy Labor Day

SATURDAY “BONEYARD” TOURS SET FOR AUG. 31

Tucsonans interested in a closer look at the aircraft inside Davis-Monthan Air Force Base's iconic "Boneyard" but unable to visit during typical working hours can finally get a peek during a special Saturday tour. Created with working locals in mind, several tours on Aug. 31 will allow visitors a...

TAMPA BAY TIMES: “Tucson Gets Under Your Skin”

For those staying in town this long weekend, or for those thinking about visiting Tucson, we thought it would be a nice change of pace to share this travel feature that appeared this week in the Tampa Bay Times of Florida. Its a 2,600 word travel feature written by Times Book Editor Colette Bancroft, a former...

Tucson’s Holualoa – Newest SkySong Partner in Scottsdale

With the first two office buildings SkySong I and II almost fully leased and construction of a third, SkySong III, set to begin in September, Holualoa Companies of Tucson has bought out USAA Real Estate of Texas’ interest in SkySong, the ASU Scottsdale Innovation Center. The new partnership formed...

GoDaddy Acquires San Francisco-Based Locu

GoDaddy, a privately held company, with corporate headquarters in Scottsdale, continuing to find creative ways to show entrepreneurs and small business owners that building an online presence doesn’t have to be difficult or expensive, announced that it has entered into a definitive agreement to acquire Locu, a San Francisco-based...

Sixth and Final Albertson’s Store in Portfolio Fetches $2.3 Million

The owners of six vacant Phoenix-area Albertson’s grocery stores were faced with a challenge in 2012. The partnership wanted to sell the assets at a time, and in a market, that was saturated with big boxes. Four of these buildings were in the southeast valley, which had...

Parcel Sells for $2.8M to Make Way for La-Z-Boy in Scottsdale

Scottsdale-based, EBCO, Inc., (Ed Breunig, President) the operating company for Arizona’s La-Z-Boy Furniture Galleries purchased a .64 acre parcel at 6828 E. Camelback Road in Scottsdale, Arizona for $2.8 million ($100 PSF). The parcel sold with a 10,096-square-foot office building to be razed for a new 11,000-square-feet new La-Z-Boy concept store,...

3 Amigos Tequila Brings Home the Gold – Time to Rethink...

3 Amigos Tequila of El Mirage, a Phoenix suburb, was awarded a gold medal for its Organic Blanco Tequila at the fifth annual Spirits International Prestige (SIP) Awards competition held in Las Vegas. This marks the second year 3 Amigos Tequila has brought home honors from the competition. A small family...

3 NEW UA STUDENT HOUSING COMPLEXES THIS YEAR – 3 MORE...

Classes started Monday at the University of Arizona, with three new luxury student housing complexes open, and 7,200 new academically qualified freshman students who are eager to learn and make their mark on the world enrolled for the Fall 2013 semester. “The Retreat” opened this year near Park & 22nd...
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