TUCSON, AZ (January 21, 2026) — A Caliber Collision Center automotive investment property at 721–723 E. 12th Street in Tucson sold for $2,725,000 in an all-cash transaction that closed Dec. 31, 2025. The 16,000-square-foot mixed-construction building—built in 1946 on approximately 0.41 acres—traded at $170.31 per square foot.

The infill asset is configured for automotive body-shop repair and includes two grade-level roll-up doors and an office component. The property sold under a long-term lease to Caliber Collision Centers, reflecting continued investor demand for well-located automotive and service uses where replacement costs and limited land availability can support long-term value.

Automotive service properties like this tend to perform well as investments because they’re need-based, recession-resistant real estate. Even when consumers delay big purchases like new vehicles, they still repair and maintain the cars they already own—often increasing demand for collision and mechanical services as vehicles age. In addition, these facilities are typically highly functional and difficult to replace due to zoning constraints, environmental requirements, and the limited supply of well-located infill sites with yard area and roll-up door access. For investors, that combination can translate into durable tenancy, longer lease terms, and steady cash flow from operators whose businesses are tied to everyday necessities rather than discretionary spending.

Logan Apartments LLC (Centennial, Colorado) was the seller, and 140 S Euclid Partners LLC (Tucson) was the buyer.

David Volk and Joey Castillo, of VOLK Company, represented the investor in the transaction.

For more information, David Volk can be reached at 520.326.3200, and Joey Castillo at 520.495.2234.

Source: RED Comp #12288 

TUCSON, AZ (January 21, 2026) — The City of Tucson Planning and Development Services Department (PDSD) is preparing a Code Update Package to modernize the City’s development codes—making them clearer, more consistent, and easier to use. The Mayor and Council launched this effort on December 16, 2025.

The goal is to improve how the code works day to day by streamlining processes, reducing confusion, and increasing efficiency—while continuing to support high-quality development across Tucson.

Why this matters: development rules affect how quickly projects move from idea to construction, what gets built, and how well new growth fits existing neighborhoods. Clear, predictable codes help reduce delays and costs, support housing and job creation, and make it easier for residents to understand and weigh in on changes that shape Tucson’s future.

PDSD is inviting community members to share feedback by completing a short survey (or by clicking the button below). Your input will help identify where improvements are needed and ensure the updated code reflects Tucson’s shared priorities.

Find the Survey Here

The City asks that you please complete the survey by February 6, 2026. Your input is important and appreciated.

Take a moment and do it now.

TUCSON, AZ (January 20, 2026) — Devington Court Apartments LLC and Gose Capital, LLC have purchased Devington Court, a 40-unit apartment community at 5570 E. Hampton St. in Tucson for $4.35 million ($108,750 per unit). The property totals 27,632 square feet and was built in 1972, trading at approximately $157.43 per square foot.

The seller was Devington, LLC. The transaction reflects an investment sale of a garden-style complex constructed of frame and stucco on approximately 1.35 acres, with amenities including a pool, clubhouse, and on-site laundry. Unit mix includes one- and two-bedroom floor plans, including both one- and two-bath configurations.

Allan Mendelsberg and Joey Martinez, principals and multifamily specialists with Cushman & Wakefield | PICOR, represented both the buyer and seller in the transaction.

Source: RED Comp #12258.