Institutional Property Advisors Closes Peaks at Redington Multifamily Asset Sale in Tucson

TUCSON, Ariz. (June 30, 2026) – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of Peaks at Redington, a 301-unit multifamily property in Tucson, Arizona. The $32 million sales price equates to $106,312 per unit.

“Tucson’s diverse economic base and long-term fundamentals, combined with the property’s scale and strategic location, made this a particularly compelling opportunity,” said Hamid Panahi, IPA senior managing director investments. “This transaction underscores the depth of investor demand for well-located multifamily opportunities in Tucson, particularly assets with a clear path to operational and physical repositioning,” said Clint Wadlund, IPA senior managing director investments. Wadlund and Panahi represented the seller in the disposition of the lender-owned asset and procured the buyer, Greenwater Real Estate Management.

Constructed in 1980, Peaks at Redington features one- and two-bedroom units averaging 722 square feet.

“The efficiently designed units appeal to a broad renter demographic seeking residence in a desirable east-central location,” said Panahi. “The community benefits from direct frontage along Speedway Boulevard, one of Tucson’s primary east–west transportation corridors with approximately 39,000 vehicles per day, providing exceptional visibility and connectivity across the metropolitan area.”

“This established corridor has historically supported stable multifamily demand due to its proximity to employment drivers, retail amenities, and surrounding residential density, positioning the property within a fundamentally strong rental submarket,” said Wadlund.

16-Acre Queen Creek land parcel sells for $6.97 Million in Industrial corridor

Phoenix, Arizona (June 30, 2026) – A 16-acre land parcel located near the intersection of Meridian Road and Germann Road in Queen Creek, Arizona, has sold for $6.97 million, highlighting the continued demand for strategically located development land within one of the region’s fastest-growing markets. CRE8 Advisors, a leading brokerage specializing in retail and land acquisitions, represented the seller in the transaction.

The property is situated near the Commercial Metals Company (CMC) plant, a significant industrial investment that has helped the area become an emerging hub for manufacturing, logistics, and industrial growth for many years. The site’s proximity to major transportation corridors and expanding infrastructure makes it an attractive location for future development opportunities.

As Queen Creek continues to experience rapid population growth and economic expansion, industrial and commercial land values throughout the Southeast Valley have remained strong, attracting investors and developers seeking opportunities in high-growth markets. The seller, Superstition View Ranchettes, LLC sold 16.13 acres to BC Invest, who also owns Better Choice Homes.

“This transaction reflects the increasing interest we continue to see in Queen Creek and the surrounding Southeast Valley,” said Rommie Mojahed of CRE8 Advisors. “With major employers, infrastructure investments, and industrial users expanding throughout the area, demand for well-located land remains exceptionally strong,” Properties near major employment centers are becoming increasingly valuable as businesses position themselves to capitalize on the region’s growth.

CRE8 Senior Advisor, Lindsey Dulle added, “The sale further demonstrates the strength of Arizona’s land market and the continued expansion of industrial development throughout the Phoenix metropolitan area.”

For additional information regarding land investment and development opportunities throughout Arizona, contact CRE8 Advisors at www.CRE8advisors.com.

Explore your voting options for July 21 primary

PIMA COUNTY (June 30, 2026) — Early voting is underway for the July 21 Primary Election in Pima County.

The Pima County Recorder’s Office opened three early in-person voting sites on June 24, when it began sending early ballots by mail to those who are on the Active Early Voting List.

The early in-person voting sites currently open are:

Recorder’s Main Office, 240 N. Stone Ave.
Recorder’s Country Club Office, 6550 S. Country Club Road
City of Tucson Ward 2 Office, 7820 E. Broadway Blvd.

More early voting sites will open as Election Day approaches. Visit the Recorder’s Office website for a full list of early voting sites, ballot drop-off boxes and mobile voting sites. An interactive map of early voting options and all 120 Election Day Vote Centers are available on pima.vote, a hub of election information from the Elections Department and Recorder’s Office.

Residents can request a mail ballot until July 10.

On July 21, eligible voters can cast their ballot at any Vote Center. After showing required identification, voters will receive the ballot appropriate for their address, printed on demand.

Vote Centers also serve as early ballot drop-off locations. New this year on Election Day is the ability for residents to choose ID-Verified Early Ballot Drop-Off at the Vote Centers. This option allows voters to present approved identification when they drop off their ballot, instead of having their early ballot undergo a signature verification process.

Here’s how it works:

Bring your completed early ballot in its signed, dated, and sealed affidavit envelope, along with approved identification, to any Vote Center by 7 p.m. on Election Day.
Proceed to a special table for ID-verified ballots.
An Elections Department poll worker will check your ID, verify your voter registration information, and ask you to sign the electronic poll book.
The poll worker will then stamp the ballot envelope as ID Verified, initial the stamp, and place it in a special drop-off box.
The voter receives a printed receipt for the accepted ballot.

In the primary, Independent or Party Not Designated voters can choose a Republican, Democratic, or No Labels ballot. If there are non-partisan races on the ballot, these voters may also choose to vote a ballot containing only non-partisan local races.