Thursday, August 22, 2019

Land Assemblage for HUB IV Totals $13+ Million and Brings More...

TUCSON, ARIZONA -- Core Tucson JIB, LLC an affiliate of Core Spaces, an Austin-based developer, has assembled six parcels for approximately $13 million ($297 PSF) adjacent to UA for new luxury student housing.  The new development planned for the site is a mixed-use student housing complex, called HUB IV,...

CBRE Arranges $72.75 Million Sale of Phoenix Flagship Data Center

Phoenix, Ariz. – CBRE represented Lincoln Rackhouse, the data center division of Lincoln Property Co., in partnership with Principal Real Estate Investors, in the sale of a Phoenix-area data center to CBRE Global Investors for $72.75 million. Kristina Metzger and James McCarthy of CBRE Data Center Capital Markets represented the...

Bryce Horner Joins CBRE’s Tucson Office as Capital Markets Associate

TUCSON, Arizona – CBRE announced that Bryce Horner has joined CBRE Capital Markets as associate. Based in Tucson, Horner will work under commercial real estate veteran, Mike Sandahl, focusing on investment property sales. Horner comes to CBRE from Tucson-based Tango Commercial Real Estate. Prior to this, he launched a financial...

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...

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...

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...
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