Saturday, February 24, 2018

Peach Properties Acquires Downtown Tucson Building from Providence Corporation

TUCSON, Arizona -- Ron Schwabe and Marcel Dabdoub have partnered again, this time, to buy 44 East Broadway Blvd. in Tucson for $4,332,990 ($135 PSF) and 30,000-square-feet of parking lots from The Providence Service Corporation of Stamford, CT. Home to Ron Schwabe and Peach Properties’ central office, this large multi-use...

C&W Picor Handles Sale of Southern Arizona Urgent Care for $2.9...

TUCSON, Arizona - Dermody Family Limited Partnership I of Reno, Nevada purchased a 5,274-square-foot retail building located at 90 W. River Rd. in Tucson, from 90 W River, LLC for $2.855 million ($541 PSF). The property was fully occupied by Southern Arizona Urgent Care and sold in an investment...

Charlie’s Comic Books Grand Reopening Feb. 1st with Thousands of 25¢...

TUCSON, Arizona -- There will be thousands of comics available for only TWENTY-FIVE CENTS EACH for TEN DAYS starting February 1st, to commemorate the GRAND REOPENING of Charlie’s Comic Books in its new location at 1421 S. Kolb Road, Tucson, AZ 85710. Charlie’s Comic Books will relocate from 5460 East...

ABI Handles Condo Sale at The Greens for $4.99 Million

TUCSON, Arizona -- Long Beach, California investors, HSG Tucson, LLC (Scott Hamilton, manager) bought 54 condos at The Greens at Ventana Canyon, 5800 N Kolb Road in Tucson. Built in 1986 for apartments, and condominium converted in 2006, this class A property has 265 total units. The 54 condos...

Tucson Student Housing Near UA Closes at $2.7 Million

TUCSON. Arizona  – Located less than one half mile south of The University of Arizona Campus, Cherry Park Studios student housing complex closed for $2.695 million ($165.32 PSF / $158,500 per unit). Cherry Park Studios consists of 17 student housing apartments. The property was originally built in 1952, then expanded...

Berkadia Arranged Sale of Mirabella Apartments for $16.2M

Tucson, Ariz.—Berkadia recently arranged the sale of Mirabella Apartments, a multifamily property in Tucson, Ariz., for $16.2 million ($40,399 per unit). Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office led the team that completed the transaction. The property was sold by Salt Lake...

Homebuilders’ Optimism Bodes Well for Tucson Q4

If the number of lots being bought by homebuilders is any indication, homebuilders’ optimism bodes well for Tucson in Q4. During the last quarter 2016 over 720-lots have sold to-date. That’s an increase of over 200% from Q3 and a 28% increase over Q4 2015. The National builder sentiment index...

Family Medicine Practice Buys Cresta Loma Corporate Condo in Tucson

TUCSON, Arizona -- Full Spectrum Healthcare, LLC of Tucson (Dr. Amanda Rose Marquis, member) has purchased a 1,158-square-foot office condominium at 5431 N. Oracle Road, Suite #151 in Tucson from BP Cresta Loma Managers, LLC of Tucson (Don Bourn, member) for $121,500 ($105 PSF). Built in 2007, this office condominium...

Tucson’s Bourn Companies Plan Second Renaissance for Foothills Mall

TUCSON, Arizona – Tucson-based, Bourn Companies (Don Bourn, manager) and its affiliate, FHM Partners, LLC have announced the acquisition of Foothills Mall from Columbus-based Schottenstein Property Group, Inc. (SPG). Bourn has had past experience with the 514,379-square-foot mall, owning it back in 1994 when it was at 12% occupancy and...

US Homebuilders Turn Increasingly Optimistic

The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday reached its highest point in 11 years. The index climbed seven points for December to a reading of 70. Any figure above 50 indicates that builders view sales conditions as positive. The index last reached 70 in...

Maracay Homes Purchases 93 Lots in Goodyear for $3.8 Million

Neighborhood with all-new floor plans scheduled to open in late 2017 GOODYEAR, Ariz. –  Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on a $3.8 million purchase of 93 homesites for courtyard cluster single-family detached homes in the Rio Paseo Cottages community on West...

Ventana Medical Records $18 Million Sale for Acreage at Innovation Park...

TUCSON, Arizona -- Ventana Medical Systems, Inc., a member of the Roche Group, closed on 53.6 acres at Innovation Park in Oro Valley for $18 million ($336,000 per acre) according to public records. The land is adjacent to the company’s current facility at 1910 E Innovation Park Drive and...
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