Thursday, February 21, 2019

Residential Lot Sales are Brisk in Dove Mountain

Pulte Homes closed on additional land for 241 SFR lots in the Del Webb at Dove Mountain Active Adult Community where it plans to build approximately 650 homes on 208 acres when complete. The latest takedown for 241 lots sold for $6.96 million ($28,863 per lot). This was phase...

Dove Mountain Retail Property Sales off the charts this Month

Retail property sales at Dove Mountain Retail Center were much more than usual this month, in fact, Cottonwood Properties sold out of improved properties at the center. We were told remaining are only some out pads and surrounding land that the Dove Mountain community developer still owns for retail...

Tucson Housing Lot Sales Soared in July with 737 Lots Sold

Tucson housing lot sales rose in July, as home sales were up 25% over last year, and sales volume increased by over 28% from 2014. At mid-year, there were reported 14 land transactions totaling over $26 million. In July, there were  11 land transactions totaling $11.6 million, 728 platted...

McCraren Compliance Expands into New Industrial Building

McCraren Compliance (Michael McCraren, member) purchased a 15,186-square-foot industrial building at 3980 E Columbia for $730,000 ($48 PSF). Purchased for business expansion, the company will be relocating from its current location in Tucson that it leased. The company specializes in safety training and consulting for the mining and transportation industries....

Orange Grove Medical Center Sells for $3 Million

Orange Grove Medical Center, a 40,782 total square foot multi-tenant office building, sold for $3 million ($73.56 PSF). The property is located on the southeast corner of Orange Grove Road and La Cholla Boulevard in Tucson. Constructed in 1988, the medical center sits on fee ground at the Northwest...

NAI Horizon Tucson negotiates $1.14M retail deal on 4th Avenue

TUCSON, ARIZONA – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office negotiated the $1.14 million ($194 PSF) acquisition of a 5,874-square-foot retail property at 522 N. 4th Ave., in Tucson. NAI Horizon represented the seller, Stan S. Katz of Encinitas, Calif., in the transaction. Doug Jones of...

Thrasher Law Offices Finalize $18.17 Million in Multifamily Transactions in Tucson

TUCSON, ARIZONA – Thrasher Law Offices, PLLC handled the sale of two apartment complexes with an aggregate value of $18.17 million. Hamilton Zanze & Company of San Francisco, Calif. sold the Arches at Oracle Apartments at 5921 N Oracle Road in Tucson for $12.4 million ($86,111 per unit). The 144-unit...

Schneider Structural Engineers Buys Office, Moving to Downtown Tucson Gateway

TUCSON, AZ - Schneider Structural Engineers, Inc. (Ron Schneider, principal) purchased the office building at 435 E 9th Street in Tucson for $800,000 ($107 PSF). Located on 9th Street, just off 4th Avenue the property is one block from the 4th Avenue gateway into Downtown Tucson and perfect for...

Ironwood Forest National Monument Adds 602 Acres of Sonoran Desert to...

MARANA, AZ -- Taking its name from one of the longest living trees in the Arizona desert, the 129,000-acre Ironwood Forest National Monument, a true Sonoran Desert showcase, is expanding. Arizona Land and Water Trust (Diana Freshwater, president) recently secured 602 additional acres for $963,000 ($1,599 per acre). Keeping company...

Recent Tucson Sale Transactions Reported

Tucson, AZ – Recent sale transactions for commercial land, and retail properties reported by CBRE, Chapman Lindsey and Realty Executives in Tucson: CFT NV Development LLC purchased 1.15 acres of land on the northeast corner of Sahuarita Road and Rancho Sahuarita. Jesse Peron and Pete Villaescusa of CBRE represented the...

CBRE Completes Single-Tenant Net Investment Sale of Sweet Tomatoes in Tucson

Tucson, Arizona – CBRE has completed the sale of a single-tenant, 7,024-square-foot Sweet Tomatoes located at 6202 E. Broadway Boulevard in The Broadway Wilmot Shopping Center in Tucson, Arizona. The property garnered multiple offers and commanded a sale price of $3.180 million ($452.73 PSF) which was over listed price. Nancy McClure...

Aztera creates 30,000 SF ‘Hub of Innovation’ in Central Tucson

Aztera Properties, LLC (Manny Teran, manager) purchased an approximately 30,000-square-foot office/manufacturing facility in two buildings at 1120-1140 N Anita Avenue in Tucson for $1.25 million ($42 PSF). The property is at I-10 and Speedway Boulevard in Central Tucson and formerly occupied by Victory Motorcycles. Technology innovation is the driving force...
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