Thursday, January 18, 2018

Downtown Tucson Law Office Sold for Investment Rehab

TUCSON, Arizona -- A former law office at 250 N Meyer Ave. in Downtown Tucson sold to local investors, 250 N Meyer Investments LLC or Tucson (Ben Pozez and Michael Shiner, members) to renovate for lease. Located in Tucson' s Central Business District, the one-story office building is situated...

D.R. Horton, Tucson’s Largest New Home Builder’s Latest Buying Spree

TUCSON, Arizona -- D.R. Horton (NYSE: DHI) Tucson’s largest new home builder by volume in 2016 purchased 145 lots during Q1, or 36% of the 407 total lots that sold in Tucson metro, subject to change with the final week of the quarter still to come. The home builder posted...

Lee Lee Plaza Retail PAD Sells – Investors See Better Year...

TUCSON, Arizona –  With only a few recording days left in Q1 and despite interest rate hikes, Tucson retail sales volume has trended up 70.3% over the same period last year, with nine more transactions year-over-year, according to RED Comps’ tracking of all retail sales in the market. The average...

SVN Phoenix Sells Malibu Apartments in Wildcats’ Den for $2.24M

TUCSON, Arizona – Tucson is well  known for its University of Arizona Wildcats and their recent journey to make the Final Four in the NCCA Men’s College Basketball tournament. Though they were eliminated during the Sweet 16, they still did great!  Student housing and multifamily properties in Tucson are...

Tucson’s CPI and Assurance Merger Combines Health Services

TUCSON, Arizona -- Not-for-profit Community Partners, Inc. (CPI) has acquired Assurance Health and Wellness (Assurance) in Arizona. Assurance, formerly a wholly owned subsidiary of Sinfonía HealthCare Corporation. The two companies have long served Tucson in the behavioral health care industry. Sources say the merger will create cost savings and improvements...

Park Brokerage Arranges Infill Tucson Mobile Home Park Sale

TUCSON, Arizona -- Park Brokerage Inc. has announced the sale of Adobe Manor Mobile Home Park located at 3339 E Grant Rd. in Tucson, Arizona was completed on March 24, 2017 for the price of $715,000 ($14,300 per unit). John Sheedy with Park Brokerage Inc. arranged the distressed sale on behalf of the seller...

Saguaro National Park East Adds 44 Acres to Preserve

TUCSON, Arizona -- The Trust for Public Land transferred 44 acres to Saguaro National Park (East district) located north of Vail. The new acreage adds a critical water resource to Saguaro National Park (SNP) east. The land was purchased by the Trust for Public Land (LWCF) from Scott and Kate...

Santa Rita Ranch III Moves Ahead with Two New Homebuilders in...

 Santa Rita Ranch III in Vail, AZ to open by year-end TUCSON, Arizona -- Richmond American (NYSE: MDC) and Lennar Homes (NYSE: LEN) are the first two homebuilders to enter Santa Rita Ranch Phase III. Each builder purchased 68 SFR lots recently from Crown West Realty (Dean Wingert, VP) for...

NW Tucson Growth Exceeds Expectations along Oracle Corridor

TUCSON, Arizona -- Nestled along the base of the Pusch Ridge Mountains, the Oracle Road Corridor from the Town of Oro Valley to Catalina has many new developments reporting 'business exceeds expectations'. The Canyons at Linda Vista Trail Apartments at 9750 N Oracle Road in Oro Valley, owned and developed...

BMO Harris Bank Branch in Tucson Sells for $2.52 Million

TUCSON, Arizona -- The BMO Harris Bank occupied property at 1200 N Wilmot Road in Tucson sold for $2.52 million ($506 PSF). The buyer and seller were both from California and the property sold for investment leased to the bank. Located at the signalized intersection of Speedway and Wilmot, the...

The Window Depot Speedway Property in Tucson Sells for $2.64 Million

TUCSON, Arizona -- A private trust of the Scar Family in Santa Barbara California purchased a 13,200-square foot retail/wholesale building located at 5123 E. Speedway Blvd. in Tucson for $2.64 million ($200 PSF) for investment. The seller, Solar Industries, Inc. of Tucson (Don Medoff, president) sold the property fully occupied...

New Homebuilder Enters La Estancia Masterplan Community

TUCSON, Arizona -- With strong home sales shown by Meritage Homes, Richmond American Homes is entering La Estancia masterplan with the purchase of 99-SFR lots from Sunbelt Holdings. Lots are 45’x 110’ and commanded a finished sale price of approximately $4.9 million ($49,500 per finished lot). Scottsdale-based Sunbelt is a...
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