Yearly Archives: 2012

Washington, D.C. - May 30, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva has joined Rep. Maxine Waters (D-Calif.) and 51 other Members of Congress in urging Treasury Secretary Tim Geithner and the nation’s top housing official to improve federal assistance to homeowners. Grijalva, Waters and their colleagues sent a letter to Geithner and Edward DeMarco, the acting director of the Federal Housing Finance Agency, arguing that the Hardest Hit Fund and the newest iteration of the Home Affordable Refinance Program “are falling well short of their goals of assisting homeowners.

Phoenix, AZ - May 30, 2012 - (RealEstateRama) - Barbara Lloyd, Chris Gerow, Shelby Tworek and Gabe Ortega negotiated the sale of a 38,904 SF retail building representing the seller, Nevada State Bank, for $1,400,000. The property is located on 725 S. Estrella in Goodyear.

Scottsdale, AZ - May 24, 2012 - (RealEstateRama) -- With over 20 years of experience in dealing with Scottsdale, Arizona Real Estate, rest assured your best interests will be properly represented with Nicholas McConnell at Coldwell Banker in Scottsdale, Arizona. You need to call me if you or anyone you know is unable to make their mortgage payment. To discuss all of your options, call me at 480-323-5365 or email me at nick.mcconnell@azmoves.com with any questions. You may also visit my website at http://www.nicholasmcconnell.com for more useful information

PHOENIX, AZ - May 23, 2012 - (RealEstateRama) -- MidFirst Bank sold a 16,615 SF industrial manufacturing building at 21775 E. McCowan Lane in Queen Creek for $1.1M. The buyer was Ranchland Holdings I, LLC of Mesa. Price per square foot was calculated at $66.21.

Torrance, CA - May 21, 2012 - (RealEstateRama) -- To meet the growing needs of Southern Arizona’s real estate market, Coldwell Banker Residential Brokerage has announced two management changes in Arizona: Les Boomer has been appointed regional vice president for the Southern Arizona region and Patty Erickson, longtime assistant branch manager of the Foothills office has been named branch manager of the same office.

- May 17, 2012 - (RealEstateRama) - Isy Sonabend represented the tenant, Duro Standard Products Company, Inc., in the negotiation of an 89 month, 121,007 SF industrial lease at 4 South 84th Avenue in Tolleson, AZ. John Bonnell with Jones Lang LaSalle represented the landlord, Blue Dog Properties Trust.

Washington, D.C. - May 17, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva today called the recent move by Gov. Jan Brewer and the conservative state Legislature to swipe $50 million from a mortgage settlement fund “the best way to make sure homeowners never see the justice they were promised.”

May 16, 2012 - (RealEstateRama) -- With the macroeconomic background providing further substance to Arizona’s growth, the retail sector found positive momentum this quarter. As confidence builds nationwide the consumer confidence index leveled off around 70 this quarter after hitting a low of 39.8, during third quarter 2011. The index is a measure of the financial health, spending power and confidence of the average consumer, according to The Consumer Confidence Board. The level of expenditures on food, clothing, and desirable products all increased this quarter, boosting the capacity for retail activity

Torrance, CA - May 15, 2012 - (RealEstateRama) -- Coldwell Banker Residential Brokerage’s Fred Pulve was recently inducted into the lower Verde Valley Hall of Fame for 2012 for his positive contributions to the central Arizona communities. A Fountain Hills-resident since 1979, Pulve has consistently been an active member of the local real estate industry as well as a multitude of community organizations.

Phoenix, AZ - May 15, 2012 - (RealEstateRama) - David Cravath and Rob Downing negotiated the sale of a 60,402 SF multi-family property for the seller, Realty Partners Charter, LLC. The property is located at 1220 N. 44th Street in Phoenix. Linda Gerchick and Mike Stoholer of Robinson Group represented the buyer, Waitley MTL Plat, LLLP.

Phoenix, AZ - May 15, 2012 - (RealEstateRama) -- The Phoenix office sector entered 2012 with soft but positive indicators. The working theme for the real estate industry in the final quarters of 2011 was the strong reporting of absorption taking hold. The third quarter reported increases nearing 885,000 square feet of absorbed space; that number is down to 501,307 square feet at the end of Q1 2012. We’ve observed white-collar office job growth spurring positive net absorption, while unemployment in the Metro Phoenix area decreased slowly this quarter to 8.7%, helping push the outlook toward a favorable year for office space.

May 15, 2012 (Phoenix, Arizona) - GPE Companies (gpe1.com) reported closing 30 commercial real estate transactions in the amount of $13.9M for 167,601 square...

Tucson, AZ - May 10, 2012 - (RealEstateRama) -- The RE/MAX Southwest Region is proud to announce the opening of RE/MAX Trends in Tucson, Arizona. New Owners, Mindy Sloviter and Lisa Larkin, capitalizing on the recent recovery of the local real estate market and the resurgence of the downtown area, have positioned themselves in the heart of downtown on East Broadway Boulevard between 5th and 6th Avenues and right behind the popular HUB Restaurant.

Tempe, AZ - May 7, 2012 - (RealEstateRama) -- Voit Real Estate Services’ Phoenix office has successfully completed a new five-year, 20,179 square-foot office lease at the Warner Crossing Business Park in Tempe, Ariz. on behalf of the lessor. This $1.3 million transaction was recorded as the tenth largest office lease completed in the Metro Phoenix area in the first quarter of 2012, according to The Costar Group.

Considering the 50th state legislative session wrapped up late yesterday and state legislators are in the process of running for re-election come November, now...

EUGENE, OR - May 4, 2012 - (RealEstateRama) -- IDX, Inc. is pleased to announce the growing network of real estate agents and brokers utilizing the incredible IDX Broker software on their professional websites has grown once again, with the addition of a customizable IDX solution to the website of Peter Lupus. As a Gilbert, Arizona real estate broker with Peter Lupus Real Estate Groupe.

PHOENIX, AZ - April 24, 2012 - (RealEstateRama) -- Lee & Associates is pleased to announce the hiring of Kurt Saulnier as an Associate Broker. Kurt brings his unique skills and exceptional professional connections to Lee.

GPE Companies reported closing 22 commercial real estate transactions and 17 construction supervision projects in the amount of $6.3M for 273,166 square feet in...

Phoenix, AZ - April 17, 2012 - (RealEstateRama) -- Voit Real Estate Services’ Phoenix and Irvine offices have successfully directed the $6.2 million sale of Santan Gateway South on behalf of the seller. The 57,038 square-foot retail shopping center, located at 1305-1445 South Arizona Ave in Chandler, Ariz., is anchored by Sam’s Club and has a mix of national, regional, and local tenants including Starbucks, Subway, and The Mattress Firm, according to Darren Tappen, Senior Vice President in Voit’s Phoenix office.

Scottsdale, AZ - April 17, 2012 - (RealEstateRama) -- The Arizona Real Estate market is beginning to boom. All my investors are coming out of the wood work and picking up all of the property they can. As of 4/14/2012 I would say that it is certainly a perfect time to buy. If you are thinking about selling, I would suggest waiting two to three years. The interest rates do not seem to be going any lower and property values are, at last, on the rise again.