4th Quarter Sales

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The Retreat at Tucson Sold for $56.2 Million

TUCSON, Arizona — Alden Street Capital Management (Greg Olbrys and Jonathan Krasner, principals) has acquired The Retreat at Tucson, a 183-unit student housing community with 774-beds, serving the University of Arizona in Tucson. The seller was an affiliate of Chicago-based Heitman Capital Management, Tucson Real Estate Holdings, LLC. Located at 1000 E 22nd Street in […]

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Mercado El Herradero Carniceria Coming to Ina Road & I-10 in Marana

MARANA, Arizona – Primo’s R/E Investments of Mesa (Ernetso Rascon, manager) purchased a 29,294-square-foot padded lot at 4505 West Ina Road in Marana for $445,000 ($15.19 PSF). The buyer plans to build a 5,200-square-foot Mercado El Herradero Carniceria on the site. The seller, David Lee of Marlee Saguaro, LLC and David Lee Real Estate Company

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DoubleTree by Hilton Tucson – Reid Park Sells for Large-Scale Renovation

TUCSON, Arizona — Tucson-owned Nor Hotel Properties, LLC. has acquired DoubleTree by Hilton Tucson – Reid Park, at 445 S. Alvernon Way, for $10 million ($34,843 per room) with plans to begin a large-scale renovation of the 287-guest- room-hotel.  The plans include renovation of the 25,000-square- feet of meeting space, the hotel lobby, bar, and two restaurants during

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