Tucson apartment sales were persistent through May with over $110 million in aggregate sales represented in 2,543 units transferring in 32 transactions. Cap rates trended lower this month again and are hovering at 5% average on the thirteen 40+ unit apartments and higher at around 8% average on the nineteen smaller apartment units. Tucson-based, Holualoa
Tucson, Four Apartment Sales Totaling $34.2M Mark End of Month Read More »
During the month of May, the Northwest submarket had 188 total platted lot sales, the southern submarket had 37-SFR lots and in the southeast there were 55 tentative lots, totaling 280 lots for the month. NORTHWEST SUBMARKET Meritage Homes of Arizona (Briana Rader, acquisitions) has purchased 120-platted lots at the southwest corner of La Cholla
May Residential Lot Sales: Aggregate of $9.35 Million and 280 Lots Read More »
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 »