RealEC Technologies, a secure business-to-business e-commerce exchange for real estate transactions, is collaborating with LION Inc., a provider of Internet products and services for the mortgage industry.

According to company officials, this strategic alliance will enhance LION's online mortgage marketplace by expanding access to various mortgage-related services and increasing the selection of service providers from the RealEC network. LION Inc. will offer its brokers and lenders expanded options for ordering products and services from RealEC-connected service providers.

Expanded product categories being evaluated include credit reporting, automated property evaluations, property appraisals, title, escrow and closing services.

Myers Group

The Myers Group, a vertically integrated residential development company in business for nearly 40 years, is developing its 13th manufactured housing subdivision, consisting of 2,442 lots or homes across the United States.

The projects, worth a total of $270 million, are in Arizona, Texas, Oregon and California. Last year the Manufactured Housing Institute awarded The Myers Group's Twin Peaks Estates subdivision in Tucson the Best New Manufactured Home Subdivision in the United States, and this year The Myers Group received the Developer of the Year Award.

Tucson developments currently under way or completed include Riverpoint, Blackhawk Ranch, Blackhawk Ranch Highlands, Twin Peaks Estates, Twin Peaks Highlands, Desert Vista Estates and Desert Vista Highlands.

New Bashas' in Oro Valley

Bashas' opened a new store last week in Oro Valley. The store, located at 13005 N. Oracle at the intersection of Oracle and Rancho Vistoso Boulevard, is a former ABCO Desert Market.

"We're very excited to be in this location. It is a new neighborhood for Bashas' to serve with the quality and service that the Bashas' family of stores is known to provide," said Wayne Manning, president and chief operating officer.

Transactions

Flex Space Now, LLC, recently bought two multi-tenant industrial buildings located at 706-736 East 46th Street and 3215-3275 S. Dodge for a combined sale price of $1,544,342. The seller, B.S. Stillwell Properties, was represented by the Schulte Co.

Westar Castle Inc. recently bought the 33-unit Riverside Apartments buildings for $1,250,000. Westar Castle Inc. was represented by Mike Schulte with The Schulte Company and Tony Reed with Long Realty Company. The seller, Tucson Tiller Apartments, Ltd., was represented by Michael Chapman with CB Richard Ellis LLC.

Fulfillment Services, Inc., recently leased the 22,239 square foot facility located at 526 E. 16th St. Steve Cohen with PICOR Commercial Real Estate Services represented the landlord, SYDCO Sixteenth Street LLC, and Alan Moore of Chapman Lindsay Commercial Real Estate Services represented the tenant.

Office Depot has relocated its Tucson distribution facility and sales office to the 13,730 square foot building at 2502 N. Dragoon. Steve Cohen with PICOR Commercial Real Estate Services represented Office Depot, and Mark McCalley and Tim Healy of CB Richard Ellis Tucson LLC, represented the landlord, Spectra Novae Ltd.

Heery International recently agreed to sublease a 2,250-square-foot office space at 3537 E. Sunrise Drive, Suite 120. The sublessor, Monroe & Associates, was represented by Thomas Nieman of PICOR Commercial Real Estate Services.

Diversified Financial Concepts, a financial consulting firm, recently purchased an 8,548 square-foot office building at Mesquite Corporate Center, located at 1630 E. River Road. The buyer was represented by Nancy McClure of CB Richard Ellis Tucson LLC.