Monday, June 25, 2018

Former Luz Academy Sells for Senior Living Redevelopment

Ramsey Canyon, 4120, LLC has purchased the former Luz Academy at 2797 N. Cerrado de Beto from ROI Properties as Receiver for Luz Social Services, Inc. The former psychiatric hospital and charter school, constructed in 1999 and completely renovated in 2011 is comprised of approximately 40,000-square-feet and sits on...

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...

Tucson Retail Property Sales up by 12.36% Y-O-Y at mid-year

Although Tucson retail property sales slowed in second quarter compared to first quarter of the year, Tucson retail sales volume is up by 12.36% over 2014 at mid-year, with approximately $189 million in sales. The following retail sales previously unreported are from the first half of 2015 and total an...

Pet Club’s Latest Store under construction in Sahuarita

SimonCRE (Joshua Simon, principal) has broken ground on its latest Pet Club store at 2585 N Abrego Drive in Sahuarita. The one acre pad sold for $675,000 ($15 PSF) to SimonCRE of Scottsdale for construction of a 10,450-square-foot Pet Club Feed and Tack Store. The improved lot is located off...

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)...

Downtown Marana a step closer to Reality for Town of Marana

The visionary concept for creating a new Downtown Marana and Marana Main Street, took a step closer to reality for the Town of Marana recently when Marana purchased 42.93 acres of land for $1.6 million ($0.86 PSF) from Reyher Partnership of San Diego, CA. The property is located on...

Southwest Appraisal Consecutively Completes and Closes Offices in Old Farm

Southwest Appraisal Associates (SAA) of Tucson (Steven Cole, MAI, principal) has completed construction on its new office building at 6019 E Grant Road in Tucson. Built on the last remaining lot in Old Farm Executive Park that was purchased in May 2014 by Steven Cole for $43,000 ($14 PSF)...

Watermark’s 10 acres for New Tucson Retirement Community, Hacienda Sisters

Watermark Hacienda Sisters Investments, LLC, bought 10.15 acres of land from The Sisters of the Immaculate Heart of Mary for $3.75 million ($8.48 PSF). The property was a portion of St. Anne’s Convent and sold for construction of the Hacienda Sisters Retirement Community Phase I. The property is located...

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...

Growing Houghton Town Center Adds Hughes Federal to the Mix

Houghton Town Center's first store, a 99,000-square-foot Walmart,  opened in 2013 and the center hasn’t stopped growing since with a mix of convenient services and popular restaurants that cater to the residents of Rita Ranch, Vail and Corona de Tucson as well as the +/- 6,500 professionals working at...

County closes on Midtown Industrial, with other June Sales total $3.12M

TUCSON, AZ - The property at 3233 N Dodge Blvd. in Tucson sold to Pima County for $1 million ($117 PSF). Built in 1982, the 8,580-square-foot industrial building sits on 2.82 acres with an entirely walled perimeter and surfaced yard in midtown, near Fort Lowell and Dodge Blvd. Formerly occupied...

Continental Ranch Retail Center Sells for $5.05 Million

A Rocklin, California based company, Shoppes at Continental Ranch, LLC (Brad Griffith, manager) bought the Safeway anchored retail center for $5.05 million. Located at 9090-9160 N Silverbell Road, at southeast corner of Twin Peaks and Silverbell Roads in Marana. The sale was for 10,133-square-feet of existing inline shop space and...
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