2014 Q4 Sales Archive Archives

Silverado Plaza in Tucson in $1.93 Billion Portfolio Sale to Blackstone-DDR JV

2014 Q4 Sales Archive / By Karen Schutte

A joint venture formed by Ohio-based DDR Corp. (NYSE: DDR) and an affiliate of the New York Blackstone Group (NYSE:BX) has closed on the acquisition of 71 shopping centers previously owned by American Realty Capital Properties, Inc. (NASDAQ: ARCP) for $1.93 billion. The Arizona assets were multi-tenant properties that were acquired by Cole Real Estate […]

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Life Care Center of Tucson Buys Back Facility for $7.55 Million

2014 Q4 Sales Archive / By Karen Schutte

Life Care Centers of America through an affiliate, Tucson Real Estate Investors and Forrest L. Preston of Cleveland, TN, exercised an option to purchase the property it had been leasing for 10-years at 6211 N La Cholla Blvd in Tucson for $7.55 million ($46,572 per bed). The seller, Health Care REIT of Toledo, OH purchased

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Loews Ventana Canyon Resort Conveys for $33.5 Million

2014 Q4 Sales Archive / By Karen Schutte

New York-based Loews Hotels & Resorts has purchased the Ventana Canyon Hotel & Resort for $33.5 million ($84,100 per room) from Ventana Canyon Hotel Associates (The Estes Family) of Tucson. Since 1984, Loews has managed the 442,526-square-feet property, on approximately 83 acres, and reported there would be no operational changes for the resort. However, next

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