TUCSON, ARIZONA – Flint Development (“Flint”) acquired 47.74 acres from several affiliates of Tucson-based Red Point Development (Daniel Leung, manager) at the southwest corner of Alvernon Way and Valencia in Tucson for $10.4 million ($217,805 per acre) being called Tucson Commerce Center. Tim Healy, First Vice President with CBRE Tucson, represented Flint Development and Jason
SIERRA VISTA, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Port Royale, a 252-unit multifamily property in Sierra Vista, Arizona. The $46.5 million sales price equates to $184,524 per unit. “Southern Arizona is one of the state’s most rapidly growing areas and in April
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Tucson, ARIZONA — LGI Homes closed on another 126 lots in the Star Valley master-planned community MPC in Tucson’s southwest submarket. The paper lots were purchased for $4,961,250 ($39,375/Lot). The land was purchased from GAC Star Valley, LLC. The Star Valley MPC ownership is a partnership formed in 2020 between Mike Geddes, Rick Andreen, and
LGI Purchases Additional 126 Lots at Star Valley MPC Read More »