TUCSON, Ariz., (August 12, 2025) – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of Bellevue 24, a 24-unit apartment property located in Tucson, Arizona. The asset sold for  $2,455,000 ($102,292 per unit).

“The successful sale of Bellevue 24 to an established Tucson owner underscores the continued confidence in this growing market,” shared Hamid Panahi, senior managing director investments in Marcus & Millichap’s Phoenix office. “The transaction was executed seamlessly in collaboration with our Marcus & Millichap debt team, showcasing the strength of our integrated platform and our commitment to delivering value at every stage of the deal.”

Panahi, Clint Wadlund, Brian Thornton, and Darrell Moffitt, investment specialists in Marcus & Millichap’s Tucson office, had the exclusive listing to market the property on behalf of the seller, Bellevue One LLC. The buyer, Bellevue5330 LLC, was secured and represented by Panahi, Wadlund, Thornton, and Moffitt. Brad Cohen, associate director of capital markets with Marcus & Millichap’s Capital Corporation, helped achieve financing for this transaction.

Bellevue 24, a well-maintained, single-story multifamily property comprising 24 units, is located at 5330 East Bellevue Street in the high-demand Tucson submarket. Built in two phases, 1963 and 1966, the property features an attractive unit mix of studio, one-, two-, and three-bedroom layouts, appealing to a broad tenant base. Select units feature a washer and dryer.

MARANA, Ariz. (August 8, 2025) – Meritage Homes has purchased Block 3, Phase 4 at Remington Ranch, acquiring 91 platted and engineered lots in a transaction that closed on July 25, 2025. The property is located on Clark Farms Boulevard, east of Sanders Road in Marana. The homebuilder bought the property from AMH Remington Ranch Development TRS, LLC for a total of $5,693,448 ($61,576 per lot).

The purchase expands Meritage’s footprint in Marana, with communities in Gladden Farms, Rancho Marana, and Mandarina, further solidifying its presence in one of the region’s most active residential growth corridors. As shovel-ready lots become increasingly more difficult to secure in Tucson, this acquisition provides Meritage with an efficient, ready-to-develop parcel that benefits from completed engineering and infrastructure in place.

Meritage Homes has steadily grown its market share in the Tucson metro area, with multiple active communities and additional projects in the pipeline. Meritage has stayed active in acquiring land for new projects aimed at meeting ongoing buyer demand for well-located single-family housing.

The seller originally acquired the land to develop a 435-lot build-to-rent community in 2021 and is now divesting a portion of those lots.

Will White and John Carroll of Land Advisors Organization brokered the transaction.

“Meritage has done a great job in consistently understanding the market in Tucson and moving quickly on good opportunities in better locations,” White commented. “This is another example of that.”

For more information, White and Carroll should be reached at 520.514.7454.

Source: RED Comp #12016.

TUCSON, AZ (August 7, 2025) — Emery Sapp & Sons, Inc., a leading national heavy civil contractor, has acquired a strategically located industrial property at 2601 E. Fairview Street for $1,450,000 ($211.35 PSF). The site includes a 6,860-square-foot building on a 1.75-acre parcel, offering expansion potential and flexibility for operations or equipment storage.

The seller, W.E. O’Neil Construction, was represented by Dave Volk and Joey Castillo of VOLK Company. The buyer, ESS, LLC, is affiliated with Emery Sapp & Sons, Inc., and was represented by Andrew Keim of Cushman & Wakefield | PICOR.

The transaction closed on July 16, 2025.

Founded in 1972, Emery Sapp & Sons is a 100% employee-owned civil infrastructure firm headquartered in Columbia, Missouri. The company specializes in grading, paving, underground utilities, and large-scale infrastructure projects across 31 states. With over 1,600 employee-owners and a diverse fleet of heavy equipment, ESS delivers transportation, utility, and site development solutions for both public agencies and private developers.

While Emery Sapp & Sons does not operate under its own name in Tucson, it maintains a regional presence through its Arizona affiliate, Achen-Gardner Construction, which has an office at 2425 West Wave Hill Court in Tucson. Achen-Gardner, known for its underground utility and roadway work, became part of the ESS family through a merger that extended the company’s footprint across the Southwest.

The Fairview acquisition supports Emery Sapp & Sons’ broader growth strategy in Arizona and the Southwest, enabling greater service capacity in Tucson’s expanding infrastructure market. With flexible industrial zoning and room to grow, the property offers a strong base for staging, equipment storage, or field operations.

For more information, Volk can be reached at 520.326.3200, Castillo is at 520.495.2234, and Keim can be contacted at 520.546.2763.

Source: RED Comp #12002