4th Quarter Sales

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Joint Venture between Altera and Virtus Acquires Tucson Medical Outpatient Portfolio for $43.23M

TUCSON, AZ (January 17, 2024) – Newmark announced the joint venture equity placement to acquire a four-property medical outpatient portfolio in Tucson from Healthcare Trust of America for $43.23 million ($201 PSF). Newmark was engaged by Dallas-based Altera Fund Advisors, which acquired the portfolio through a newly formed joint venture with Austin-based Virtus Real Estate […]

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Ventana Medical Systems / Roche Buys Expansion R&D Facility for $25 Million

ORO VALLEY, AZ (January 12, 2024) — Ventana Medical Systems, Inc., owned by Roche Tissue Diagnostics, purchased the Pharmaceutical R&D Facility at 2090 E Innovation Park Dr. for $25 million ($222 PSF). The 112,500-square-foot facility on 11.54 acres was previously Icagen’s ultra-high-throughput biology, screening, and chemistry research facility after Icagen bought Sanofi in 2016. Roche

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Institutional Property Advisors Closes 256-Unit Tucson Multifamily Asset Sale

TUCSON, Ariz., (Jan. 11, 2024) – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of The Place at Spanish Trail, a 256-unit multifamily asset in Tucson, Arizona that sold for $33 million ($129,000 per unit). The transaction closed on December 20, 2023. “Tucson’s population growth is expected to

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