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Oro Valley Marketplace Sells to Town West Realty for $45.15 Million

ORO VALLEY, ARIZONA – Affiliates of Tucson-based Town West Realty (James Horvath, manager) bought the Oro Valley Marketplace and excess land from Phoenix-based Vestar for $45.15 million ($87 PSF). Oro Valley Marketplace is a 517,516-square-foot shopping center on approximately 87 acres, located at the southwest corner of Tangerine Road and Oracle Road. The property was …

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Historic Roosevelt Row Apartments Return in “Adaptive Restoration” Showcase Project

Phoenix, Ariz. – While adaptive reuse has been a popular trend for older properties in Phoenix, The Power Apartments, a Federal Revival Style building located on North 3rd Avenue, is going back to its historic roots in what is being called an “adaptive restoration” showcase. Originally developed in 1914 as an apartment building, this redeveloped …

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