Arizona RealEstateRama

PHOENIX, AZ - February 27, 2013 - (RealEstateRama) -- The Industrial Metal Supply Co. building at 5150 S. 48th St. in Phoenix sold to a Newport Beach, CA buyer for $9 million in cash. Price per square foot for the 82,742 SF building was reported at $108.77.

CHANDLER, AZ - February 25, 2013 - (RealEstateRama) -- Irgens Partners, LLC has purchased Portico Place, a 41,000 SF offi ce property at 2121 W. Chandler Blvd. in Chandler for $5.79M. The transaction also included a fully-improved 3.2 acre parcel for future development. The improved parcel has the parking and landscaping completed. Drawings for the 48,000 SF, Phase II building are in place.

Phoenix, AZ - February 8, 2013 - (RealEstateRama) -- They say it’s never too early to start thinking about your retirement. Since so many factors go in to planning the perfect retirement, it’s definitely true. You must decide when to start saving, how to start saving, and to top it off you have to choose where you want to retire! Sure, there are the common places like south Florida and southern California, but in the past few years there’s a new hot spot on the map, and that’s Arizona.

PHOENIX - February 5, 2013 - (RealEstateRama) -- The mortgage crisis that devastated the Arizona economy was made far worse because of misleading financial claims made by Standard & Poor’s, according to a lawsuit filed today, Attorney General Tom Horne said.

PHOENIX, AZ - February 4, 2013 - (RealEstateRama) -- Lee & Associates Arizona is pleased to announce the promotion of two Associates, Matt Fredrick and Colton Trauter to Principals. Both brokers had exceptional results in 2012 which capped off years of hard work and success.

Phoenix, AZ - January 28, 2013 - (RealEstateRama) -- GPE Commercial Advisors, represented McShane Development Company in acquiring 8.8 Acres of land located at the Northeast corner of South Val Vista Drive and South Market Street in Gilbert, Arizona. The U.S. Department of Veterans Affairs (VA) has selected Illinois-based McShane Development Company for the development of its new 60,000 usable square foot, LEED-Silver Veterans Affairs Outpatient Clinic at this location.

Phoenix, AZ - January 24, 2013 - (RealEstateRama) -- GPE Companies (gpe1.com) reports the following transactions:

CHANDLER, AZ - January 22, 2012 - (RealEstateRama) -- A Southern California investment fi rm purchased eight industrial properties for a combined $4.7 million. The entire transaction totalled 54,079 SF with a price per square foot of $86.90.

PHOENIX, AZ - January 16, 2012 - (RealEstateRama) -- A 29-acre parcel at the SWC of 75th Ave. and Interstate 10 traded for $7,050,000.

PHOENIX, AZ - January 15, 2012 - (RealEstateRama) -- After years at the bottom of the commercial real estate barrel, the Phoenix offi ce market has improved throughout the year and ended at a new high mark that should bode well for 2013. With the economy gaining steam, offi ce sector hiring up and net migration increases to the Valley have all added to the pace of activity in the fourth quarter. There is greater certainty regarding political and taxation issues being resolved

PHOENIX, AZ - January 11, 2012 - (RealEstateRama) -- The 2012 Phoenix Industrial Market posted a strong fi nish after a few bumps in the road earlier in the year. The year began with negative absorption in the fi rst quarter after a very strong Q4 11. The economy was stalling and investor confi dence seemed to be on the run. It was as though the industrial sector had suddenly backtracked. As the second quarter drew to a close, the sector came roaring back, posting nearly 2.5 million SF of positive absorption.

PHOENIX - January 10, 2012 - (RealEstateRama) -- Arizona homeowners should be on the lookout for a mailing that appears to be a legal document, but may be a ploy against mortgage consumers, Attorney General Tom Horne said today.

TEMPE, AZ - January 10, 2012 - (RealEstateRama) -- Main Event Entertainment purchased a 6.4 acre retail site in Tempe for $2.05M and will construct a new 57,000 SF indoor entertainment venue. The property is located in Emerald Center near Interstate 10 and Warner Road in Tempe adjacent to IKEA and Dick’s Sporting Goods.

PHOENIX, AZ - December 21, 2012 - (RealEstateRama) -- An industrial building at Freeport Center, 420 S. 53rd Ave. in Phoenix sold for $6.8 million. Included in the transaction was an adjacent 2.09 acre, fully-improved land parcel.

TEMPE, AZ - December 17, 2012 - (RealEstateRama) -- An investment entity from Calgary, Canada purchased the 252-unit Fernwood Manor Apartments, 4540 S. Rural Rd. in Tempe for $17,525,000, or $69,543 per unit.

PHOENIX, AZ - November 5, 2012 - (RealEstateRama) -- C2 Tactical Indoor Shooting Range has purchased a 17,219 sq. ft. retail showroom building at Emerald Design Center near Warner Road and Interstate 10 in Tempe for $1,125,000. The transaction price per square foot was tabulated at $65.33.

Yuma, AZ - October 24, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva today congratulated the Cocopah Indian Tribe on a new $27,500 grant from the U.S. Department of Agriculture and a $605,000 grant from the Department of Housing and Urban Development to rehabilitate 10 homes owned by low income Tribal residents.

PHOENIX, AZ - October 11, 2012 - (RealEstateRama) -- The Phoenix offi ce market continues to push forward by shaking off its multi-year decline by posting several successful quarters with promising market data. Phoenix, the king of the boom-and-bust market, saw feverish overbuilding in the middle of the last decade and players in the market have been paying the price for it ever since. Even though the road back has been slow, the offi ce market is making steady strides. That has helped to shore up a renewed optimism in this market.

TUCSON - September 27, 2012 - (RealEstateRama) -- U.S. Rep. Ron Barber today welcomed announcements that the U.S. Department of Energy has awarded $6.5 million in grants to the University of Arizona for solar-energy research.

Washington, D.C. - September 20, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva today highlighted the recent announcement by the U.S. Small Business Administration (SBA) that it is accepting applications for disaster relief from people and businesses affected by the Brawley earthquakes that hit Southern California earlier this year. Residents and business owners in La Paz and Yuma counties may qualify for low-interest federal disaster loans to repair damage caused by the quakes that began on August