Tucson Rent Report: October 2025

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Richmond American Expands with $7.7 Million Acquisition in Saguaro Reserve at Dove Mountain

MARANA, AZ (September 30, 2025) — Richmond American Homes of Arizona has made another decisive move in the Northwest Tucson housing market at Saguaro Reserve at Dove Mountain, acquiring more than 100 residential lots in the Saguaro Reserve subdivisions at Dove Mountain. On September 4, Richmond American closed on two related transactions totaling $7.73 million,

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Initial Development Purchases Olive 101 for $18.1 Million

Industrial Center in Peoria Features Freeway Visibility and Full Occupancy Phoenix (September 30, 2025) – The Initial Development Company, an Arizona-based real estate firm, has purchased Olive 101 Industrial Center for $18.1 million. The property, located at 8700 N. 91st Ave. in Peoria, was constructed in 2024 and is fully leased. “Initial Development is excited

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