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Northmarq: Market Insights Greater Tucson Multifamily 1Q 2022

Northmarq is reporting Q1 market insight for Tucson Multifamily. Highlights include: Demand for multifamily units in Tucson leveled off during the first quarter, following a year of rapid growth. Vacancy rose, generally in older units, while rents continued to push higher. A healthy labor market is forecast to support operating conditions through the remainder of …

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KB Home Makes Fifth Homebuilder in Entrada Del Pueblo at Rancho Sahuarita

SAHUARITA, ARIZONA – KB Home has joined four other homebuilders in Rancho Sahuarita’s Entrada Del Pueblo, closing on 94-SFR 50’ wide lots at $7.4 million for finished lot cost. Pulte, Meritage, Lennar and Richmond American account for the other 334 homesites for a total of 428 homes being built. Rancho Sahuarita is a 3,000-acre master …

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Red Lobster Seafood Restaurant at Tucson Spectrum Sold for Investment at $2.42 Million

TUCSON, ARIZONA — Red Lobster Seafood Restaurant at 5315 S Calle Santa Cruz in the Tucson Spectrum at the southwest corner of Irvington and I-19 sold for investment in an absolute triple net lease having 9 years remaining for $2.42 million ($335 PSF). The 7,216-square-foot restaurant was built in 2009 on a 1.76-acre pad with …

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