Sunday, December 9, 2018

Meritage Homes Stays Busy at Gladden Farms in Marana

MARANA, ARIZONA -- Meritage Homes purchased portions of blocks 40 and 41 at Gladden Farms Master Planned Community in Marana for $1.4 million ($60,000 per acre) from Crown West Realty (Dean Wingert, member) the developer. The 23 acres sold with preliminary plat for 119 - 45’ x 120’ SFR lots. Gladden...

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...

ABI Multifamily Brokers $3.9M Sale in Central Tucson

Phoenix, Arizona  -- ABI Multifamily is pleased to announce the $3.9 million  / $46,428 per unit sale of the Casa del Norte Apartments located at 3802 N Flowing Wells Road in Tucson, Arizona.  Casa del Norte is a two story, garden-style apartment community, built in 1984 and rests on...

Berkadia Closes on $43 Million Apartment Deal in Tucson

TUCSON, Ariz.– Berkadia announced $43 million in sales and the $30 million financing of Hacienda del Rio and Colonia del Rio, two garden-style multifamily properties in Tucson, Arizona. Senior Managing Director Art Wadlund and Director Clint Wadlund of the Tucson office completed the sales on behalf of the buyer,...

Inline Shops at Safeway Rancho Vistoso Shopping Center sells for $10...

ORO Valley, Arizona – Brentwood Developments, Inc. of Rocklin, California (Brad Griffith, manager) purchased the 34,770-square-feet of inline shop space at the Safeway Rancho Vistoso Shopping Center, 12112, 12142 and 12152 N Rancho Vistoso Blvd in Oro Valley for $10 million ($287.60 PSF). This is the fifth asset acquisition by...

Office Building in Camp Lowell Corporate Center Purchased by Tenant

TUCSON, ARIZONA -- BADA Holdings, LLC (Allison Duffy, Manager) bought a 5,520-square-foot office building from KLB Properties, LLC (Don Butler II, Manager) for $995,360 ($180 PSF). The property is located at 4534 – 4538 East Camp Lowell Drive in Camp Lowell Corporate Center at Swan and Camp Lowell. The buyer exercised an option for Silverado Technologies also owned...

Texas Instruments Announces $29 Million Project with Purchase of final lot...

TUCSON, ARIZONA -- Daniela Gallagher,  Vice President, Economic Development at Sun Corridor broke the news of a new Texas Instruments project coming to 301 South Williams Blvd in Tucson Thursday at the Pima County Research Council meeting. Previously to this only known by the code name “Project Treasure”. Texas Instruments,...

Southern Arizona CCIM Chapter Conversation Corner July

TUCSON, ARIZONA -- The following commercial real estate transactions totaling $3.3 million created a lot of conversation at the July meeting of the Southern Arizona CCIM Chapter, in case you missed it, we’re publishing them here as part of our CCIM Conversation Corner. Jade Bossert with Tierra Antigua represented the...

Newly Constructed Arby’s Sells in Sale-Leaseback at Old Vail Plaza

VAIL, Arizona – The newly constructed Arby’s Restaurant at 10115 East Old Vail Road in Tucson in Old Vail Plaza recently sold for $1.59 million ($749 PSF). The brand new 20-year triple-net (NNN) sale-leaseback with zero landlord responsibilities was purchased by Lee & Lee Properties, LC (45% share) and (55%...

A 3-Property Apartment Portfolio Sells in Southwest Tucson Submarket for $8.6...

TUCSON, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of three apartment properties in Tucson, AZ:  River View Villas (80-units), Santa Cruz Vista (56-units), and Westlake Village (100-units), according to...

Carl’s Jr. in Southwest Tucson Sells for $2.065 Million

Tucson, Arizona – CBRE arranged the $2.065 million ($506 PSF) sale of a single-tenant retail property leased to Carl’s Jr., a 4,084-square-foot building located at 1070 E. Ajo Way in Tucson. Nancy McClure with CBRE’s Tucson office and Andrew Fosberg with CBRE’s Phoenix office represented the seller, Cumming D. Carl’s,...

Pima County Moves Ahead to Acquire 3,283-acre Tesoro Nueve Ranch

PIMA COUNTY -- The Pima County Board of Supervisors at its June 19 meeting voted 3-2 to acquire more than 3,283 acres of riparian habitat on the eastern slopes of the Catalina Mountains for future conservation. The Tesoro Nueve Ranch includes 1,476 acres of land and 1,807 acres of state...
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