Sunday, June 24, 2018

Time is Ripe for NW Tucson Medical Office Expansion

Taking advantage of low interest rates and costs, spurred by a rising economy and looking to the future, physicians in Northwest Tucson are finding it an ideal time for medical office expansion. Tucson Endocrine Associates (Dr. Alexander Zwart and Dr. David Alster) purchased the 4,190-square-foot medical building at 5910 N La...

Texas Forestar Buys Land Position at Dove Mountain for $6.1 Million

Austin Texas-based Forestar Group Inc. (NYSE:FOR) purchased TLC Dove Mountain’s position in 88-finished lots at Boulder Bridge Pass in Dove Mountain for $6.1 million ($69,318 per lot) not the finished lot value. Miramonte Homes of Tucson retained builder option on the lots. This is Forestar’s second acquisition since March,...

Creative Brokerage Brings HomeGoods Tucson Distribution Center

There has been much written about the new HomeGoods Tucson distribution center lately. What hasn't been told until now,  is the creative brokerage it took by a group of real estate professionals to assemble the land for the HomeGoods Tucson deal to come together.  It really started almost two...

Historic Bring Funeral Home Downtown Sells for Repositioning

FPG Arizona, dba Bring Funeral Home, an affiliate of Florida-based FPG (Brad Rex, CEO), a leading provider of end-of-life transition services, sold 236 S Scott Avenue in Tucson for $1 million ($72.23 PSF) to 236 South Scott, LLC (Ron Schwabe and Marcel Dabdoub, partners). This historic downtown landmark held its...

Apartment Rental Company Expanding to Tucson Gives Felons Second Chance

TUCSON, AZ — The Associated Press is reporting a Phoenix-based apartment company, Second Chance Rentals, is expanding to Tucson thanks in part to its target clientele: convicted felons. Second Chance Rentals brought its practice of renting to felons and evictees, a population other landlords might consider high-risk, to the Tucson...

Two New Subdivisions Coming to Northwest Tucson

Two new prestigious communities in northwest Tucson add an additional 133-P& E lots to the pipeline in June. Home sales are strong as well. According to Tucson Association of Realtors (TAR), Tucson market homes sales were up 20.92% year-over-year in May. See REDaily News June 10, 2015. Realtor.com is predicting...

Trafficade and Class Commercial Furnishings Latest Deals Brokered by Tango

TUCSON, AZ – In a transaction brokered by Tom Hunt and Bob Davis, formerly with Rein & Grossoehme and currently partners in Tango Commercial Real Estate Services, Trafficade Service, Inc. has purchased 3.04 acres with 22,000-square-feet of improvements located at 2802 N. Flowing Wells for $1 million ($45 PSF)...

Industrial Building Sells at 1140 N Rosemont Blvd. in Tucson

Charges 2 LLC (Brandon Rodgers, member) purchased a 5,000-square-foot industrial building located at 1140 N Rosemont Blvd in Tucson from Richmond Hills Investments LLC (Jesse Chen, trustee) for 343,000 ($69 PSF). The buyer purchased to lease property. Built in 1998 the industrial warehouse building is on a 19,424-square-foot lot zoned...

DR Horton Acquires Final Rancho Resort II Lots in Sahuarita

TUCSON, Arizona -- D.R. Horton acquired the final 49-SFR lots at Rancho Resort II for $588,000 ($12,000 per lot) in Sahuarita, AZ. These two final takedowns were part of an option for a total of 61-lots exercised early by the builder for completion. The first takedown was in January...

Circle K Closes on Five CST Corner Stores for $5.16 Million

TUCSON, ARIZONA -- The Canadian parent company of Circle K, Couche-Tard, that owns San Antonio-based Corner Stores brand of convenience stores, closed on five Tucson locations last week for $5.16 million in a bulk sale, or an average sales price of $1,092,475. If your Corner Store hasn’t rebranded yet, it...

Two BRAKEmax Investment Sales Total $2.87 Million

The BRAKEmax at 6055 Wes Jenna Nicole Lane in Marana sold for $1.75 million ($320 PSF) to Colorado-based investors, JN Properties, LLC, of Vail, CO. The 5,464-square-foot building was built in 2003 on .68 acres located at Jenna Nicole Lane and Cortaro Road in Continental Ranch, near the Arizona...

Pulte Homes Assembles New 144-Lot Subdivision in Marana for $3.33 Million

Marana, Arizona -- Pulte Home Company has closed on 72-acres at Camino De Oeste in two separate transactions. The aggregate purchase price was $3.33 million ($23,094 per lot).  The new community is located between Camino De Oeste and Hartman Lane in Marana, north of Cortaro Farms Road. Ben Becker and...
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