As revitalization of Downtown Tucson continues, we are beginning to see some revitalization spill over into a Tucson midtown area that involves an exciting luxury infill project. Potter Place LLC, a group of local investors formed by Miramonte Homes of Tucson, recently purchased 3 acres from the Arizona Inn Company for $1.35 million ($10.33 PSF) […]
Downtown Tucson Revitalization Spills over into Midtown Read More »
BW RRI IV, LLC, a partnership between a Singapore investor and Westmont Hospitality has won the bidding for a Red Roof Inn portfolio which contains 89 hotels with 10,715 rooms. Their winning bid of about $600 million ($55,996 per room) beat out runner-up Blackstone, which wanted to convert the properties to its Motel 6 brand.
Two Tucson Red Roof Inns Sell in $600 Million Portfolio Sale Read More »
The Love Divine Fellowship Church sold its 2,935-square-foot building at 1922 S Farwell Avenue in Tucson for $275,000 ($94 PSF) to Potter’s Christian and Missionary Fellowship. The church building had been well maintained and comfortably seated up to 100. Within the past few years seller had installed new flooring, new paint inside & out, new
Love Divine Fellowship Church Grows into New Facilities Read More »