Thursday, August 22, 2019

Real Estate Daily News

National industry experts highlight 21st Annual Arizona Self-Storage Association Conference

PHOENIX, ARIZONA – Embracing change to help owners compete in today’s environment. Snapshots of the Phoenix and Arizona markets. Misconceptions and reality of the development cycle. These and many other topics will highlight the 21st Annual Arizona Self-Storage Conference & Trade Show September 25 and 26 at the Wild Horse...

Pima Animal Care Center leaders give talks at national conference

Five staffers attended Best Friends National Conference PIMA COUNTY – Pima Animal Care Center presented at the Best Friends Animal Society national conference July 24-28 in Dallas, Texas. The annual event brings together animal welfare organizations from across the nation to share strategies about best practices to help save the...

Real Estate Daily News

Tucson Lease Report July 29 – Aug. 2, 2019

This week's Tucson Lease Report highlights a 35,000 SF industrial lease in Nogales handled by Jose Dabdoub of Cushman & Wakefield | Picor. The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 29 thru Aug. 2, 2019. INDUSTRIAL – 2050 SMOKEY...

NAI Horizon Recent Deals: Highlight Leases and Sale of iconic Phoenix...

PHOENIX, ARIZONA – The $5.4 million sale of a long-standing mobile home park in Apache Junction and the $4.63 million sale of an iconic Phoenix office building highlight recent deals by NAI Horizon professionals: Russ Warner, Andrew Warner & Victoria Filice negotiated the sale of a mobile home park, representing...

Real Estate Daily News

Tucson Amazon Fulfillment Center–Weighing the Cost & Benefits

by Ajay Madhvani, MAI - AM Valuation Services, PLLC Amazon will soon be opening a fulfillment center in the Port of Tucson. This will have both positive and negative impacts on the local economy. Ship times will be reduced andabout 1,500jobs will be directly created, but does this come at...

Hudbay To Appeal the Unprecedented Rosemont Court Decision

TORONTO, Ontario, Canada -- Hudbay Minerals Inc. (TSX, NYSE: HBM) announced last week that the U.S. District Court for the District of Arizona (“Court”) issued a ruling in the lawsuits challenging the U.S. Forest Service’s issuance of the Final Record of Decision (“FROD”) for the Rosemont project in Arizona....

Aspire 2 Student Housing Site Sets New Record Land Value, $470...

TUCSON, Arizona – After three years being under construction, Sterling University the developer of Aspire Student Housing, is back acquiring the adjoining Chase Bank site, 947 N Park Ave., at the southwest corner of Park and 1st Street, for second phase, or Aspire 2. The developer, an affiliate of...

ABI Multifamily Brokers $2.6M, 13-unit Scottsdale Condo Community

Phoenix, Ariz. – ABI Multifamily is proud to announce the $2,600,000 / $200,000 Per Unit / $250.41 Per SF sale of Capri in Scottsdale, Ariz. Capri is a 13-unit garden-style, condo-mapped community located in the South Scottsdale submarket. It is conveniently located near Old Town Scottsdale, Scottsdale Fashion Square and...

Business experts stress Oro Valley’s need for commercial land

By: Kathleen B. Kunz, Tucson Local Media With more companies choosing to relocate or expand into Arizona, the Town of Oro Valley is determined to distinguish itself as the place where executives want to set up shop. Southern Arizona in particular has “awoken from the great nightmare that was the Great...

Phoenix’s Southwest Valley ranks #1 in the nation for industrial prospects

JLL Q2 Phoenix Industrial Insight report touts Valley economy as hitting on all cylinders  PHOENIX, Arizona – Phoenix’s Southwest Valley submarket has placed top in the nation for industrial prospects looking for space to relocate or expand their operations, according to the newly released JLL Q2 Phoenix Industrial Insights report....

Terracon’s Tucson office presents $2,500 grant to Southern Arizona Environmental Management...

TUCSON, ARIZ. – The Southern Arizona Environmental Management Society (SAEMS) recently received a $2,500 grant from the foundation of engineering consulting firm Terracon, which has Arizona offices in Tucson, Tempe and Avondale. The Terracon Foundation Board selected SAEMS as its grant recipient. Terracon Senior Associate Derek Koller submitted the nomination....

Orange Grove Village Sold to a California Investor for $2.725 Million

TUCSON, Arizona – Orange Grove Village Shopping Center has been sold to a California based investor for $2.725 million ($142 PSF) according to public records. After 55 years of ownership, Tucson-based 4-D Properties sold the 19,154-square-foot retail strip center that was built in 1964 and 1972 on 2.74 acres...

Marwest Enterprises Announces Logic Park 91, a New $53M Class-A Industrial...

PHOENIX, ARIZ. — Marwest Enterprises is pleased to announce the successful joint venture for its new development known as Logic Park 91. The project consists of three buildings totaling 720,000-square-feet on 44 acres. The new $53M, Class-A industrial project will be located at the intersection of 91st Avenue and Buckeye Road...

Raytheon, DARPA complete key design review for new hypersonic weapon

Tactical Boost Glide system aims to keep military ahead of threats TUCSON, Ariz. -- Raytheon Company (NYSE: RTN) and DARPA completed a successful baseline design review for the Tactical Boost Glide hypersonic weapons program, establishing the company's technical approach for a critical design review and moving the system a step...

CBRE Arranges Sale of Amkor Technology’s Corporate HQ in ASU Research...

PHOENIX, Arizona -- CBRE announced the sale of a 97,504-square-foot office property in Tempe, Arizona’s Arizona State University Research Park that serves as Amkor Technology’s corporate headquarters. Phoenix-based Strategic Office Partners, which is owned by TPG Real Estate Partners, purchased the property from Founder’s Properties, L.L.C. of Minnetonka, Minn. Barry...

Dress Barn stores to go dark by yearend – 2 in...

MAHWAH, N.J. -- The Dress Barn, Inc. announced that its wind down continues to progress according to plan and that all retail stores are expected to close by the end of 2019.  “We have received overwhelming landlord support for our plan, which will allow us to implement our wind...