MC Companies hit bullseye with their most recent Tucson multi-family development

The Place at Riverwalk, 3510 N Craycroft Rd,, Tucson

TUCSON, Arizona — When MC Companies purchased the land on the corner of Craycroft and River for their newest development, The Place at Riverwalk, they knew the location was special. After two years of great success and winning the Best Community Design Award at the 2020 AMA Tribute Awards, their expectations have been validated.

Ross and Patty McCallister, two of the company’s Principals and community leaders in the city of Tucson, saw Riverwalk as a labor of love. They worked tirelessly to ensure the community was not just another apartment community but one the city could be proud of, offering new technology, healthy living and stunning architecture.

Residents continue to be delighted by the health and wellness features that were must haves for Patty McCallister, which include a smokeless community, on site yoga classes and healthy activities utilizing beautiful outdoor spaces.

“We knew we had a special location and really wanted to give our customers the absolute best product with the best amenities, and I believe we delivered on those ambitions” says Patty McCallister.

The McCallister’s also wanted to integrate their passion for giving and included a Ben’s Bells Giving Tree in the community design. Nearly every MC Companies employee in the Tucson and Phoenix market participated in making the handmade tiles and constructing the giving tree located poolside for all to enjoy.

The Place at Riverwalk’s prime location has been a key element of their success. Walkability is one of the community’s greatest assets with access to highly sought-after shopping, education and dining. The community also has direct access to the Tucson Loop, which is a central piece of the project’s health and wellness initiatives.

“Winning Best Community Design was a massive accomplishment and we are very proud of that, and seeing the surrounding neighborhood flourish alongside this community makes it worthwhile work” says Ross McCallister. The Place at Riverwalk continues to exceed expectations in every way, and winning the 2020 Best Community Design award is affirmation that MC Companies hit the bullseye with their most recent multi-family development.

About MC Companies: MC Companies https://www.mccompanies.com is a real estate investment, development, construction, and management company specializing in the multifamily properties and commercial markets. MC Companies has completed over $750 million in multi-family and commercial value-added transactions since 1985.

Tuscany Palms in Mesa, Ariz. Sold for $83 Million to Tides Equities

Phoenix, Arizona – CBRE arranged the sale of the 582-unit multifamily community Tuscany Palms in Mesa, Ariz. on behalf of a partnership between Investcorp and BH Equities to Tides Equities for $83 million ($142,600 per unit).

CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch, and Mark McFate of Phoenix Multifamily Institutional Properties represented the sellers.

Located at 901 S. Country Club Drive, Tuscany Palms features a recently updated resort-style pool and entertainment area adjacent to a modern two-story clubhouse. Additional amenities include a fitness center, canopied playground, sand volleyball and basketball courts, and barbeque areas with covered seating.

“Tuscany Palms presented an excellent opportunity to acquire immediate scale in a high-growth market,” said Gunter. “The community’s amenities are among the best in the area and Mesa’s population continues to expand, driving demand for quality apartments like Tuscany Palms.”

Mesa is the third-largest city in Arizona and the 35th largest city in the United States. Mesa added approximately 71,000 new residents from 2010 to 2020, a 16.2 percent increase. The submarket’s multifamily occupancy in the third quarter of 2020 was 97.4 percent.

“This is our eighth acquisition in Phoenix this year with another three in escrow set to close before year end, bringing our total to 11 on the year,” said Tides Equities founder Sean Kia. “Phoenix presents one of the best investment environments in the country and we continue to look for additional opportunities.”

Tides Equities has purchased approximately 8,800-units over the past four years in Phoenix and remains one of the most active buyers in the market.

Sundt Foundation Awards Over $25,000 to Tucson Charities

TUCSON, Ariz. – The Sundt Foundation awarded grants to nine Southern Arizona nonprofits during its fourth quarter giving round.

The Foundation awards grants each quarter to local charities that support disadvantaged children and families. Nonprofits are selected through an application process and reviewed by a committee of Sundt employee-owners.

“Through the Sundt Foundation, our employee-owners have helped many organizations achieve their mission to help the less fortunate in Southern Arizona,” said Rick Buchanan, Sundt Foundation Tucson Board Member. “We’re glad to be able to help provide relief to many wonderful organizations.”

Third-quarter grants include:

Angel Heart Pajama Project
Assistance League of Tucson, Inc.
YMCA of Southern Arizona
Kind Home, Inc.
Native Music Coalition
Project Linus Tucson
Tucson Police Officers Charitable Foundation
Tu Nidito Children and Family Services
Ronald McDonald House Charities of Southern Arizona

Sundt’s purpose is to build environments where its clients, employee-owners and communities prosper. The Sundt Foundation was established in 1999 as a way for employee-owners of Sundt Construction to give back to the communities in which they live and work. The organization is funded primarily by contributions from Sundt employees, which are matched by the company. To date, the Foundation has awarded more than $11 million in donations. Nonprofit organizations interested in applying for a grant may call (480) 293-3000 or visit www.sundtfoundation.org for more information. Sundt has offices in Tempe and Tucson, Arizona; Salt Lake City, Utah; San Antonio, Dallas and El Paso, Texas; and Sacramento, San Diego and Irvine, California.