Tucson Real Estate: Former Hooter’s to become storage facility | Business News

Adelicia Caree


A local developer is building a four-story 100,000-square-foot storage facility at 6335 E. Tanque Verde Road.




A former Hooter’s restaurant on Tucson’s east side has been demolished to make way for a storage facility.

Local developer Abraham Slilaty plans to build a four-story, 100,000-square-foot facility with around 1,200 storage units that is fully air conditioned at 6335 E. Tanque Verde Road.

“We like the trade area,” Slilaty said. “There’s traffic and demand for all sorts of business activity and much demand for storage.”

The storage business has been growing in recent years with several new facilities

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Sunnyvale real estate mega-deal makes Google, developer neighbors

Adelicia Caree

SUNNYVALE — Tishman Speyer’s mega-deal to buy several Sunnyvale buildings from NetApp gives the veteran developer control of several sites in a prime section of Silicon Valley and makes it a neighbor of search giant Google.

In one of the largest Silicon Valley property purchases so far this year, Tishman Speyer paid $365 million for seven parcels in northern Sunnyvale. The NetApp property transaction in Sunnyvale occurred simultaneously with the tech company’s lease of a big new headquarters office in San Jose’s prestigious Santana Row complex.

The just-bought Tishman Speyer properties in Sunnyvale contain four big office buildings, two parking

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How tiny ‘beach huts’ became the hottest commodity in British real estate

Adelicia Caree

The cost of renting a tiny “beach hut” is now more expensive than the average monthly rate for property in Kensington and Chelsea, one of the U.K.’s most exclusive neighborhoods.

The price of purchasing one has jumped because COVID-19 restrictions mean more Brits are holidaying in the U.K., due to uncertainties around traveling abroad, according to new research by hotel booking website Hoo.

Read: I’d like to buy a home in a warm spot near the beach for $350,000 — where should I retire?

There has been increased demand at coastal resorts such as Sandbanks in Dorset, Whitstable, Kent and

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Where to Invest in Real Estate Right Now, and Where Not to, Say 2 CIOs

Adelicia Caree


Data centers and infrastructure are promising. Offices aren’t, but the situation there may not be as dire as many fear. Maybe urban centers won’t go down the chute, after all. Some retail will be OK. Forget about farmland.

These are among the insightful observations from CIO’s latest episode in our “2021 Asset Allocator Series.” With institutional investors looking for opportunities not correlated to equities, yet offering better returns than fixed income amid low interest rates, the session, which focused on real estate and real assets, was a bonanza of useful information.

The webinar, held Tuesday, featured two asset allocators

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Real Estate Investing Guru Mindy Jensen Says To Avoid These Types of Properties

Bloomberg

A $1 Trillion Liquidity Surge Is Morphing Into a Leverage Boom

(Bloomberg) — It was supposed to be a temporary buffer — more than $1 trillion of debt taken on by U.S. companies last year to ride out the economic devastation caused by Covid-19.But with the economy rebounding and interest rates still near all-time lows, it’s becoming increasingly tempting for corporations including Home Depot Inc. and Verizon Communications Inc. to spend those cash cushions on acquisitions and dividend hikes. In many cases, they’re now borrowing more.The risk is that unfettered access to cheap debt — even for less creditworthy

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Bidding wars heat up amid red-hot housing market

Homebuyers are taking unprecedented measures to make their offers stand out to sellers as the red-hot real estate market booms.  

Prospective homeowners are going as far as offering over-asking prices, dropping contingencies for inspections and appraisals and closing on the home within 30 days, FOX Business’ Gerri Willis said on “Cavuto Coast-to-Coast.”

As market competition stiffens, data from Redfin showed that between September 2020 and February 2021, nearly 18% of successful offers waived the appraisal contingency, while

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