2016 Q1 Sales Archive

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Washington Firm Pays $60+ Million for Two Tucson Apartment Communities

FW Group of Mercer Island, Washington (Mike Wensman, manager) paid $29.25 million ($68,986 per unit) for The Overlook at Pusch Ridge Apartments plus $30.8 million ($85,556 per unit) for Harrison Park Apartments in Tucson. The two Tucson apartment communities were sold to the same buyer and same seller for an aggregate amount of $60.05 million […]

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Shoppes at Rita Ranch in Tucson Sell for $12.75 Million

Rita & Houghton, LLC, an investment group formed by three companies, Old Lobos an affiliate of the Ault Companies (Ron Ault, manager), Aspen Enterprises of Scottsdale, a private equity firm (Don Meyers, manager) and Newquist Family Trust (Dave Newquist, trustee) sold the Shoppes at Rita Ranch in Tucson to GTT The Shoppes at Rita, LLC

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New Developments in Oro Valley: The Canyons and Canyons at Linda Vista Trail

Boulder Oro Valley (Ross Rulney and Malcom Berman, managers) sold a one acre finished pad at The Canyons for $950,000 ($22 PSF) to FFG Development of Utah for a 4,050-square-foot Kneader’s Bakery & Cafe.  Located in the new The Canyons Retail, a 40,000-square-foot retail property at 9600 N Oracle Raod,  adjacent to the new Canyons

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