Archives

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 - 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.

WASHINGTON, D.C. - January 17, 2012 - (RealEstateRama) -- The office of Congresswoman Maxine Waters, ranking Democrat on the House Committee on Financial Services, has announced the subcommittee assignments for Democrats on the Committee. Congresswoman Kyrsten Sinema was named to the subcommittees on “Insurance, Housing and Community Opportunity” as well as “Investigation and Oversight”.

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 - 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 - December 18, 2012 - (RealEstateRama) -- Elizabeth Arden Spas has signed an 134-month, 13,021 SF lease at Tempe Gateway, 222 S. Mill Ave. in Downtown Tempe to serve as their retail operations hub for the U.S.

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.

November 13, 2012 (Phoenix, Arizona) - GPE Companies is proud to announce the promotion of Linda Tierney to Director of Property Administration for GPE Management Services, LLC. In addition to managing a portfolio of commercial properties, the job will entail overseeing accounting, managing all property management operation standards, facilitating inter-departmental communication and assisting the director of property management. Linda is an outstanding leader, forward thinking and excels at detail-oriented tasks; qualities which will help her succeed in this position

SCOTTSDALE, AZ - November 8, 2012 - (RealEstateRama) -- The Lincoln Village Shops retail shopping center has sold to a privately owned real estate investment company for $38,712,500. Bethesda, Maryland-based Global Retail Investors purchased the 71,142 SF specialty retail center located at 6202 N. Scottsdale Road south of Lincoln Drive, from Scottsdale Road Partners, an affi liate of Redwood Real Estate Partners.

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 said he is proud to stand with the departments of Defense (DOD) and Veterans Affairs (VA) in recognizing September as Suicide Prevention Month and raising awareness about the challenges veterans face

PHOENIX, AZ - September 12, 2012 - (RealEstateRama) -- Lee & Associates Arizona Principals have promoted Chad Ackerley to Associate Broker for the Industrial Division.

Scottsdale, AZ - June 25, 2012 - (RealEstateRama) -- Sale Transactions: Brad Ranly, Lane Neville, and Barbara Lloyd negotiated the sale of a 42,700 SF office building representing the seller, JPMC Series 2007-CIBC18. The property is located on 17200 N. Perimeter in Scottsdale, AZ.

Washington, D.C. - June 12, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva’s office is co-hosting a foreclosure prevention and response workshop on Sat., June 9, at 9:00 a.m. at the Yuma Civic and Convention Center at 1440 W. Desert Hills Drive. The event, also being presented by the Western Arizona Council of Governments, the Southwest Fair Housing Council and the Arizona Foreclosure Prevention Task Force, will include experts from several banks to assist homeowners

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.

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.”