A Letter from Hank Amos
Dear Tucsonans, As a fourth generation Tucsonan, owner of a family business that was established 104 years ago and a caring citizen, I thought I would take this time to write each of you a personal request for a much-needed cause for action. First, to be transparent, I am a registered Republican. I don’t live in the […]
Factoring Triple Net Charges When Negotiating
Factoring Triple Net Charges When Negotiating By Pat Darcy Sometimes I receive calls from people looking to open a business and lease retail space for the first time. They inquire about the quoted lease rate for a particular building or shop space in a retail center. I give them the quoted lease rate and then […]
Getting the Most out of Your Real Estate
Getting the Most out of Your Real Estate by Terry Lavery Beware of PSF valuations. Many brokers, appraisers, and buyers reduce all value on all property to one number: Per Square Foot (PSF). PSF is used in measuring space and used for a variety of real estate measurements for comparison. Lately in Tucson, PSF has been […]
Water Rights: Use it or Lose it
Water Rights: Use it or Lose it by Bob Solfisburg The Arizona Department of Water Resources requires wells to report annual withdrawals to be filed no later than March 31st of each year for the preceding year. This Annual report must be filed regardless of whether or not water was used pursuant to the right […]
Benefits of a Tenant Retention Program
The Benefits of a Tenant Retention Program by Frank Arrotta The signing of the lease is just the beginning of a relationship with each and every tenant. It is equally as important to provide and maintain marketing programs & services that will keep tenants happy, profitable and remaining in their current space. While some say […]
Amos Interviewed on Fox News Latino
Amos Interviewed on Fox News Latino Hank Amos, President and CEO of Tucson Realty & Trust Co., was interviewed by Aalia Shaheed, of Fox News Latino, for her piece on the upcoming U.S visit by Pope Francis and the bankruptcy of the Catholic Diocese of Gallup, New Mexico. Watch the latest video at video.foxnews.com As Pope Francis […]
Terry Lavery Weighs in on Tucson’s Logistics Potential
Terry Lavery, of Tucson Realty & Trust Co., weighs in on Tucson’s logistics potential from the Arizona Daily Star by Gabriela Rico National companies Eyeing Tucson’s Logistics Potential The industrial market in Tucson is getting new attention from distribution companies that once snubbed the Old Pueblo for locations in California, Nevada and Texas. Hovering at around […]
Southern Arizona Properties to be Auctioned
Southern Arizona Properties to be Auctioned Properties located in Southern Arizona will be auctioned as part of the court ordered auction of properties owned by the Roman Catholic Diocese of Gallup, New Mexico. The Auction of the Arizona properties is scheduled for September 12, 2015 at The Sheraton Phoenix Downtown Hotel, 340 N. Third St. Phoenix, […]
Old Pueblo Grille Purchased
Old Pueblo Grille Purchased HSL 60 N. Alvernon, LLC, purchased the property located at 60 N. Alvernon Way, Tucson, Arizona, from 60 N. Alvernon, LLC. The property consists of an approximately 8,147 square-foot building. The restaurant was seized by a U.S. Bankruptcy Court judge and closed earlier this year as part of owner Bob McMahon’s […]
Blacher Represented Buyer
Blacher Represented Buyer Chuck Blacher, of Tucson Realty & Trust Co., represented buyer in sale The Izzo Revocable Living Trust purchased 29,185 square feet of vacant land located at 2360 W. Wetmore Road, Tucson, Arizona, from Pamela L. Potts and Richard L. Pittman. Chuck Blacher of Tucson Realty & Trust Co. represented the Buyer […]
Recent Retail Leases
Recent Retail Leases Frank Arrotta of Tucson Realty & Trust Co. has had some recent retail leasing activity Mesquite Community Church leased approximately 1,708 square feet of retail space located at 8250 E. Broadway Blvd., Suites 103 & 104, Tucson, Arizona, from Jane Gee Trust. Frank Arrotta of Tucson Realty & Trust Co. represented the Landlord […]
Tucson Office Market Overview
TUCSON OFFICE MARKET OVERVIEW Michael A. Gross / Douglas Richardson Office / Medical Leasing and Investment Specialists For the first half of 2015, we are continuing to see a slight increase in activity, but it seems that companies are looking out in the market only to go back and renegotiate with their current landlords. As […]
Commercial Real Estate Land Overview
LAND OVERVIEW Bob Solfisburg, Land Specialist Residential Land sales have slowed significantly thus far when compared to the past two years. The Northwest region dominated the overall land sales in Pima County reporting nearly $20 million for both residential and commercial land sales. New home construction remained solid in the first half of 2016 as the […]
Investment Market Mid-year 2015 Produced Mixed Results
Tucson Real Estate Investment Overview By Terry Lavery Investment Specialist The Tucson Real Estate Investment market for mid-year 2015 has produced mixed results. Few sectors of the commercial real estate market have produced true leadership. While other markets across the nation are booming (Chicago, Baltimore and San Francisco) with major CBD projects, Tucson lags eighteen months behind […]
Industrial Market Overview
INDUSTRIAL OVERVIEW By: Chuck Blacher, Industrial Specialist Industrial vacancy rates of 10.1 percent and 11.6 percent for Tucson and Phoenix are among the highest in the nation. Cities back East like Providence, Rhode Island, whose entire economy was fueled by the manufacture of costume jewelry, which is nonexistent now due to imports, is at 8.1 percent […]
Reasons for Optimism in Tucson Retail Market
Reasons for Optimism in Tucson Retail Market RETAIL MARKET OVERVIEW by Pat Darcy Retail Division Head As we reach the midyear point of 2015, the Tucson Retail Market is steadily improving, similar in its performance to last year…but now three steps forward and one step back with the promise of new retail developments in 2016. The […]
George H. Amos Scholarships Awarded
George H. Amos Scholarships Awarded Tucson Realty & Trust Co. proudly congratulates the recipients of the George H. Amos Scholarship for 2015. The recipients are: Sierrane Gatela, pursuing a B.S. in Sustainable Built Environments at the College of Architecture, Planning, and Landscape Architecture at the University of Arizona. Ms. Gatela will be in her fourth undergraduate year […]
Restaurant Coming to Broadway Tower
Restaurant Coming to Broadway Tower at 4400 E. Broadway Blvd. The long awaited Les-Paul Lounge is making progress in Broadway Tower at 4400 E. Broadway Blvd. The opening of the restaurant had been delayed by the sale of the building, brokered by Mike Gross of Tucson Realty & Trust Co., in December. The co-owners of […]
Amos Reps Buyer in Multifamily Transaction
Amos Reps Buyer in Multifamily Transaction Carbon Cabo, LLC, purchased the Coronado Apartments located at 402 E. 9th Street, Tucson, Arizona, from Coronado Apts., LLC. The property consists of an approximately 15,768 square-foot apartment building on approximately 6,519 square feet of land. George H. Amos, III, of Tucson Realty & Trust Co. represented the Buyer […]
Amos Hired by Diocese of Gallup
By Tom Corrigan via The Wall Street Journal The Roman Catholic Diocese of Gallup, N.M., which stretches across 55,000 square miles of northern Arizona and New Mexico, is seeking to sell 55 parcels of mostly vacant desert land to help fund a settlement with about 60 alleged victims of clergy sexual abuse. In court papers […]
CoStar Announces 2014 PowerBrokers
CoStar Announces 2014 PowerBroker Awards Tucson Realty & Trust Co. is honored to be among the 2014 CoStar PowerBrokers. Tucson Realty & Trust Co. was named among the top ten Leasing Firms for the Tucson Commercial Real Estate Market. Each year, CoStar recognizes the top commercial real estate brokerage firms and brokers with the prestigious […]
Take a Peek Inside 4400 E. Broadway
Take a peek inside 4400 E. Broadway Tower with this new see inside virtual tour produced by Anstar Productions. Browse around all you like with the virtual tour, get a taste for our premier office listing at 4400 E. Broadway Blvd. Tucson, AZ 85712. East Broadway Boulevard, in the heart of Tucson’s main east-west arterial with […]
5523 E. Grant Road Sells
5523 E. Grant Road. Sells Nam Le Nguyen, Inc. purchased the property located at 5523 E. Grant Road, from the Kendell H. and Maria M. G. Stevens Living Trust. The property consists of an approximately 2,942 square-foot building on approximately 28,286 square feet of land. Tari Auletta, CCIM, and Doug Richardson of Tucson Realty & […]
Auto Repair Property Sales for Pat Darcy
Pat Darcy, of Tucson Realty & Trust Co., closes two sales of Auto Repair shops in March. Tucson, Arizona, March 17, 2015 – Jose Molina Bringas purchased the auto-repair facility located at 770 W. Grant Road, Tucson, Arizona, from Desert Dog Automotive, LLC. The property consists of an approximately 1,032 square-foot building with a fenced lot of […]
Finishing Touches on Build-to-Suit
Finishing touches made on a build-to-suit project for Morgan Stanley at 7152 E. Pima Canyon Drive. The project, Skyline Esplanade Phase II, is being built for Morgan Stanley, who plan to move their offices from the current location at 2840 E. Skyline Drive once the offices are completed. Morgan Stanley has signed a lease for a 20,000 square foot […]
Frank Arrotta Joins Tucson Realty & Trust Co.
Tucson, Arizona, February 23, 2015 – Tucson Realty & Trust Co. is pleased to announce the affiliation of Frank Arrotta to the firm as a Retail/Investment Specialist. With more than 35 years of experience in the real estate industry, Mr. Arrotta has had a diverse and successful commercial real estate, advertising and marketing career, starting […]
Hank Amos’ Discussion with Wake Up Tucson
Hank Amos Discusses the State of Commercial Real Estate, Economic Development and Arizona’s new Governor Hank Amos, President & CEO of Tucson Realty & Trust Co. made a recent appearance on Wake Up Tucson to discuss the state of commercial real estate in Tucson. Mr. Amos began with gave a brief history of Tucson Realty & Trust Co. […]
Commercial Real Estate Land Overview
Land Overview Bob Solfisburg Land Specialist January 29, 2015 In 2014, Tucson’s housing market remained flat reporting only 2,200 new building permits, roughly the same as year before. Home sales could never gain traction throughout the year and new construction closings decreased slightly by 4 percent from the previous year. Tucson experienced job losses in […]
Commercial Real Estate Retail Market Overview 2015
Commercial Real Estate Retail Market Overview 2015 presented by Pat Darcy. Pat Darcy Retail Division Head January 29, 2015 As we look forward to 2015, the Tucson Retail Market is steadily improving, similar in its performance to last year…two steps forward and one step back but with the promise of new retail development on the […]
Industrial Market Report 2015
Industrial Market Report Chuck Blacher Industrial Specialist January 29, 2015 The Industrial Market and Job growth in Tucson are just struggling along. Anything faster would require a trip to the emergency room, or better yet, to Urgent Care (we’ve got plenty of those around now if you’ve noticed.) While improvement at the national level is […]