TUCSON, Arizona (October 10, 2025) — Two Tucson manufactured housing communities have changed hands in separate transactions totaling $9.4 million, with affiliates of Comfort Communities selling both properties to affiliates of Invesco Real Estate. Though the deals involved similar parties and closed on the same date, the two communities traded at notably different price-per-unit levels.

On September 23, 2025, Catalina Vista Mobile Home Park, an 82-space community at 3344 East Kleindale Road in central Tucson, sold for $6,500,000 ($79,268 per space). The seller was Catalina Vista MHC LLC of El Cajon, California, affiliated with Comfort Communities, and the buyer was Catalina Vista MH Owner LLC, an affiliate of Invesco Real Estate based in Dallas, Texas. Built in 1961, the 6.34-acre community offers a clubhouse, pool, and laundry facilities.

That same day, Five Star Mobile Home Park, a 43-space community at 1305–1311 West Prince Road in Tucson, sold for $2,900,000 ($67,441 per space). The seller was Five Star MHC LLC, also based in El Cajon and affiliated with Comfort Communities, while the buyer was Five Star MH Owner LLC, another Invesco affiliate. The 4.04-acre property was initially developed in 1952 and includes a clubhouse, pool, and laundry facilities.

While both sales occurred on the same day, the price-per-unit varied significantly: Catalina Vista commanded nearly $79,300 per space, while Five Star traded at roughly $67,400 per space. The two communities traded at different price points, likely due to variations in age, location, and financial performance.

The acquisitions underscore the continued appetite of institutional investors such as Invesco Real Estate for Tucson’s manufactured housing assets, while Comfort Communities continues to reposition its portfolio through selective dispositions. Manufactured housing communities remain an attractive investment class, offering stable income streams and an essential supply of affordable housing in the Tucson market.

Source: RED Comp #12110 and #12112

ORO VALLEY, Ariz. (October 10, 2025) – Redevelopment activity is officially underway at the Oro Valley Marketplace, marking the start of a multi-year transformation led by HSL Properties in partnership with Borderlands Construction and managed by Town West.

Phase 1, which began October 6, launches grading, utility relocation, and foundational work for Encantada at Oro Valley Marketplace, a 320-unit Class A apartment community located south of Tangerine Road. The phase also introduces new pedestrian connections, improved intersections, and a public neighborhood park situated between Walmart and Tuk Tuk Thai.

Construction Timeline

• October 2025: Water line relocation along Water Harvest Way

• November–December 2025: Pedestrian tunnel construction under Water Harvest Way, connecting the new apartment areas east and west of the roadway

• November 2025: Park construction begins

• January 2026: Intersection upgrades along Water Harvest Way, starting near In-N-Out Burger and extending toward Oracle Road

• January 2026–2027: Encantada apartments under construction, with completion expected by mid-to-late 2027

Crews began grading and salvaging native vegetation in September. During construction, temporary lane restrictions and truck traffic are anticipated, though Marketplace access will remain open during key retail periods, including Thanksgiving weekend and the December holiday season.

Revitalization Vision

Approved by the Oro Valley Town Council in 2023, the master redevelopment plan sets in motion a bold vision to transform the Oro Valley Marketplace into a vibrant, mixed-use destination that blends housing, hospitality, retail, and open space. Designed to enhance livability and create a true sense of place, the redevelopment aims to establish a walkable community hub where residents and visitors can live, shop, and gather.

“This redevelopment will make shopping, walking, and visiting safer and more enjoyable for residents and visitors alike,” said Town Manager Jeff Wilkins. “Designed to bring in more residents and attract additional customers, this is an important investment in Oro Valley’s long-term economic growth and quality of life.”

The master plan is divided into several key areas:

• Area 1: South of Tangerine Road, Encantada at Oro Valley Marketplace will introduce 320 luxury apartment units, adding new housing options and supporting local retail. Completion is anticipated in 2027.

• Area 2: Improvements along Water Harvest Way will deliver safer intersections, upgraded pedestrian walkways, and new connections between residential and commercial zones.

• Area 3: A public park will be developed between Walmart and Tuk Tuk Thai, providing an inviting outdoor space for recreation and community events.

Together, these projects mark the beginning of Oro Valley’s next generation of growth—linking residential life with commerce, culture, and community in one revitalized destination.

Looking Ahead

Construction activity will continue through 2027 as the Encantada community and infrastructure improvements take shape. Town West will coordinate communications with tenants and businesses, while the Town of Oro Valley will post regular progress updates on its project portal at OVProjects.com.

For more information, contact [email protected]

TUCSON, AZ (October 9, 2025) — A vacant former Walgreens building at 9495 E. Speedway Blvd. has been acquired by Ace Hardware Stores, Inc. for $2,700,000 ($174.85 PSF), paving the way for a new Ace Hardware location in Tucson’s East submarket.

The seller was Speedway Crossing LLC, a California-based entity located in West Hollywood. The buyer, Ace Hardware Stores, Inc., lists its Tucson address at 7056 E. 21st Street. The transaction closed on September 23, 2025.

Built in 1995, the 15,442-square-foot freestanding retail building sits on 2.07 acres at the corner of East Speedway Boulevard and Harrison Road. The property was formerly operating as a Walgreens with a drive-thru.

The site, zoned C-1 Local Commercial, will be repurposed for Ace Hardware’s local retail expansion within the next few weeks.  The sale underscores the continued trend of national hardware and home improvement retailers backfilling former pharmacy and big-box sites in established neighborhood centers across Tucson.

Source: RED Comp #12107