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River Center Neighborhood Center Sells for $31.1 Million

TUCSON, ARIZONA (January 27, 2023) – River Center neighborhood shopping center at 5555-5675 E River Road in Tucson, located at the northeast corner of River and Craycroft, sold for $31.1 million ($289 PSF). Anchored by Whole Foods, Petco, and Tenet Healthcare, the 107,508-square-foot center was 100% leased at time of sale that included Childtime Daycare …

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Chrome Hearts Expands Acquisition near UA Tech Park for $13 million

TUCSON, ARIZONA (January 26, 2023) — 8500 S Rita Road, LLC, an affiliate of Chrome Hearts, LLC apparel and accessories of Los Angeles purchased the 116,898 square-foot building on 13.83 acres at 8500 S Rita Road for $13 million ($111 PSF). The property adjoins the 38.92 acres of industrial land purchased in November, 2022 for …

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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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