ORO VALLEY (December 16, 2025) — Canada Crossroads, a neighborhood retail center located at 10325 N. La Cañada Drive in Oro Valley, at the southwest corner of La Cañada Drive and Lambert Lane, sold for $5.685 million, reflecting continued investor demand for stabilized retail assets in the Northwest submarket.

The property consists of two buildings totaling 26,348 square feet on 4.25 acres, constructed in 2000. The center sold at approximately $215.77 per square foot, a valuation consistent with well-located strip centers along Oro Valley’s primary commercial corridor. At the time of sale, the center had 16 tenant spaces, two of which were vacant.

The transaction closed on November 12, 2025.

In a separate transaction, a commercial pad located immediately adjacent to the center sold for $925,000 to Glenwood Development Company, positioning the site for future ground-up retail development with a drive-thru component. The pad is located at 10375 N. La Cañada Drive,  at the southwest hard corner of La Cañada Drive and Lambert Lane, and is expected to support a single-tenant retail concept, further enhancing the Canada Crossroads corridor.

The seller, Peregrine Investments II LLC, conveyed both the neighborhood center and the pad in all-cash sales. The buyer of the retail center, Canada Crossroads Baceline, LLC, is a Denver-based private investor managed by Dusty Batsell, highlighting continued out-of-state capital targeting Southern Arizona retail. Glenwood Development Company acquired the pad as a separate transaction earlier, on October 22, 2025.

Both transactions were marketed by Matthews Real Estate Investment Services, with Josh Jenkins and Alex DeSoto representing the seller in both.

Canada Crossroads benefits from strong demographics, long-term residential growth, and proximity to established neighborhoods and employment centers. The dual sale underscores the premium investors and developers continue to place on Oro Valley retail, where limited new supply, stable tenancy, and infill pad opportunities support long-term performance.

For more information, contact Jenkins and DeSoto at 866.889.0550.

Source: RED Comp #12192 and #12161.

TUCSON, Arizona (December 16, 2025) — A six-unit casita community near the University of Arizona has sold for $690,000 ($115,000 per unit and $203 PSF). The property, known as Casitas on Bellevue, is located at 3625 E. Bellevue Street in Tucson,  just east of Alvernon Way.

Edwin G. Heacox purchased the boutique multifamily asset, comprising six units: five 1-bedroom/1-bath casitas and one 2-bedroom/1-bath unit. Recent improvements, below-market rents, and the inclusion of rentable garages and storage units made the property a turnkey investment offering. Each unit is equipped with in-unit laundry, and the site benefits from proximity to the University of Arizona and central-city employment centers. The 3,200 square-foot complex was purchased from EA International Holdings, LLC.

Property sold with a 7.43% cap rate.

Cushman & Wakefield | PICOR’s Multi-Family Team, led by Allan Mendelsberg and Joey Martinez, represented the seller in the transaction. Matthieu Smith with Long Realty Company represented the buyer.

Source: RED Comp #12142

TUCSON, AZ, (December 12, 2025) — Mattamy Homes, the largest privately owned homebuilder in North America, continues to advance its position in the Tucson market with the purchase of additional finished lots in Windmill Ridge at Mountain View Ranch, located in the sought-after town of Vail, Arizona.

Mattamy successfully finalized an accelerated takedown schedule for 50 lots at Windmill for $5,022,948. The final takedown was December 3, 2025. Briana Rader, Director of Land Acquisition for Mattamy, coordinated the purchase. The seller in the transaction was Windmill Ridge Development, LLC.

This land acquisition represents Mattamy’s final take-down entrance into the larger Mountain View Ranch master-planned community. Mattamy features 50 single-story homes ranging from 2,278 to 3,056 square feet, each on a 3/4- to 1-acre lot. Select floor plans also offer options for four-car garages or RV garages.

Will White and John Carroll of the Land Advisors Organization in Tucson handled the Windmill Ridge transaction.  Land Advisors has the assignment for additional phases of Mountain View Ranch.

“Mattamy was extremely proactive in positioning at Mountain View Ranch and has found success with this product,” White commented. “What was once overlooked is now highly coveted. The intersection of Interstate 10 and State Route 83 has evolved from a quiet crossroads into a hot spot that’s firmly on the radar of all Tucson’s homebuilders.”

See REDaily News October 31, 2024 for information on the first takedown, https://realestatedaily-news.com/mattamy-homes-acquires-land-at-mountain-view-ranch-in-vail-expected-to-open-2025/

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

Sources: RED Comps #11489, #11785, #11960, #12073, and #12228.