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New Subdivision Coming to Santa Rita Foothills in Vail (Tucson)

TUCSON, ARIZONA — Ocotillo Ridge (Tucson) ASLI IX, LLC along with Mark Voigt and Dave Rogers of Voyager Investment Properties in Phoenix closed on 217 acres in the Santa Rita foothills area of southeast Tucson for $2.85 million($13,134 per acre). The seller in the transaction was H&A LLC, (Charlie Trayers, Manager). Located on south Houghton …

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VEREIT Buys Retail Pad at Houghton Town Center for $10.9 Million

TUCSON, Arizona — VEREIT, Inc. (NYSE:VER) (Glenn Rufrano, Chief Executive Officer), a real estate investment trust (REIT), purchased a 56,000-square-foot retail pad at Houghton Town Center in Tucson, Arizona for $10.9 million ($195 PSF). The building, located to the east of Super Walmart, was built for and fully occupied by Ross Dress for Less®, T.J. …

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Richmond American Nabs Another 117 Home Sites at Mountain Vail Estates for $3.99 Million

TUCSON, Arizona — Richmond American Homes, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC) purchased 41-platted and engineered lots at Mountain Vail Estates in southeast Tucson for $1.25 million ($30,482 per lot). Richmond has been open and selling homes here since March, after closing on the first 50-lots. This was phase two of the option …

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