2nd Quarter Sales

TUCSON, Arizona – On the eve of the release of NAR Pending Home Sales Index (PHS) April report, a leading indicator of housing activity, based on what we are seeing here in Tucson we predict it to be a positive one for the third month running.  Two major homebuilders,...

Tucson, Arizona - Surf Thru, Inc. closed on its third site in the Tucson area last week. The Bakersfield, CA-based quick service carwash chain paid $700,000 ($14.90 PSF) for 46,986- square-feet of land located at 6307 E. Grant Road, Tucson, AZ. It is at the northeast corner of Grant...

MARANA, ARIZONA -- Tucson-based, HSL Properties, doing business as HSL Marana Center Apartments, LLC, has purchased a 13.59-acre Multifamily Development Site, adjacent to the Tucson Premium Outlets, for the future construction of a 285-unit apartment complex. Located southeast of Twin Peaks and Linda Vista, the site, known as Marana Center...

MARANA, ARIZONA – An affiliate of Larsen Baker, Marana Marketplace Partners, LLC (George Larsen, manager) sold two pads recently at Marana Marketplace at the southwest corner of Orange Grove and Thornydale Roads in Marana, Arizona. The first transaction, lot 2, is 18,381-square-feet and sold for $1.025 million ($55.76 PSF) to...

Cushman & Wakefield Negotiates Sale to Clear Sky Capital PHOENIX, Arizona – Cushman & Wakefield completed the sale of University Villa at Ironwood, located at 2550 W. Ironwood Hill Drive in Tucson, Ariz. March Investment, LLC, an entity formed by Phoenix-based Clear Sky Capital, purchased the property from SFC Sterling...

TUCSON, ARIZONA – Merit Hill Capital, LP of Brooklyn, NY (Cole Jackson, vice-president) purchased two U.S. Storage Centers in Tucson for an aggregate of 940 units for $5.6 million ($5,957 per unit). Westport Self-Storage of Irvine, California was the seller of both 4115 E Speedway Blvd. for $2.59 million, 462-unit...

TUCSON, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announces the sale of Valley View Apartments, a 304-unit multifamily asset in the Catalina Foothills area of northern Tucson, Arizona. The $24.75 million sales price equates to $81,414 per unit. “Valley View represents an excellent...

TUCSON, ARIZONA – Office and medical office sales volume surpassed the $22 million mark in metro Tucson in Q1, up 17.79% over one year ago. The average sale price was $588,315 and median price $356,750, all trending in a positive direction. The highest sale price was $3.25 million for 6950...

MARANA, ARIZONA -- 6350 Marana, LLC, an affiliate of Miravest, Inc. of Marana (Michael Rabstoff, manager) sold the newly constructed Northwest Emergency Center ground lease at 6350 W Marana Center Blvd. in Marana for $2.775 million ($29 PSF). The 2.2-acre site with an 11,500-square-foot Emergency Center was built-to suit...

Highest per unit price recorded for non-student housing with 40+ units in the Tucson TUCSON, ARIZONA – Alta Vista Communities of Tucson, an affiliate of Aerie Development (Roger Karber, manager) sold Avilla I & Avilla II luxury communities on the southeast and southwest corners of River and Sabino Canyon Roads...

TUCSON, ARIZONA – Residential lot sales in Tucson metro area totaled $1.8 million for the month of April, with the most lots being sold in the Vail area, in the southeast submarket of Tucson. KB Home Tucson purchased 42 lots at Mountain Vail Reserve from Civano Nursery of Tucson (Alex...

TUCSON, ARIZONA – The downtown parking lot at 79 East Alameda and 139 Scott Street in Tucson, at the southwest corner of Scott and Alameda, commanded a sale price of $3.25 million ($79 PSF) to an Austin based developer, TAZ Parking, LLC. The sale price represents the highest price...