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Colliers Brokers $5.68M Sale of Class B Apartments by Blue Valley

Colliers Brokers $5.68M Sale of Class B Apartments by Blue Valley

Blue Valley Apartments, Inc. of West Palm Beach, Fla has recently sold Villas at Roger Road to Equilibrium Villas, LLC, of Washington, D.C. The transaction brokered by Colliers HSK Multifamily was worth $5.68 million, coming out at $24,500 per unit. Senior Vice Presidents Bill Hahn, Jeffrey Sherman and Trevor…

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Revolution Places Joint Ventures with KSL Capital to Expand Miraval Resort & Spa Internationally

Revolution Places Joint Ventures with KSL Capital to Expand Miraval Resort & Spa Internationally

A joint venture came into being recently between real estate investors Revolution Places and KSL Capital Partners, LLC and the firms announced an agreement to take ownership of Miraval Resort & Spa, respectively, to expand the wellness luxury spa from its current Tucson location to new destinations in the US,…

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Three Multifamily Communities Coming Soon to Tucson-Area

Three Multifamily Communities Coming Soon to Tucson-Area

The Estates at Madera Highlands, Westview Point and Sycamore Canyon – three master planned properties to keep tabs on over the second half of the year. Richmond American Homes of Arizona, a subsidiary of M.D.C. Holdings, Inc. recently purchased the lands located in Sahuarita, Tucson and Vail and proposed…

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Village Inn to Open Restaurant in Marana

Village Inn to Open Restaurant in Marana

Village Inn announced the addition of a new location in Marana’s Arizona Pavilions shopping center. The new tenant of the retail complex is already well known in the Tucson area, currently operating three other restaurants to Tucson.…

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Radium Investments Buys Apartment Community from HSL Properties for $8.1M

Radium Investments Buys Apartment Community from HSL Properties for $8.1M

HSL Properties sold the 160-unit multifamily property located at 7424 East Speedway Boulevard in Tucson to Radium Investments I, LLC. The buyer is a recently established entity led by Jim and Kevin Szymanski of James Associates Management Equity Services.…

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FirstService Residential to Provide HOA Management for Hill Farm

FirstService Residential to Provide HOA Management for Hill Farm

The Hill Farm community in northeast Tucson has recently selected FirstService Residential to provide HOA management services for the Hill Farm Homeowners Association.…

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Ground Broken on Pima Mine Road Solar Generating Facility

Ground Broken on Pima Mine Road Solar Generating Facility

Construction has started on the Pima Mine Road Solar Generating Facility. The developer, Avalon Solar Partners recently hosted a groundbreaking ceremony, marking the mid-May beginning of the site works.…

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Business Property Trust Picks Up Broadway SelfStorage for $1.1M

Business Property Trust Picks Up Broadway SelfStorage for $1.1M

Tucson’s Broadway Self Storage changed hands just recently, a trade publication reports. A limited liability company acquired the facility from Broadway Wilmot Self Storage, LLC and paid $1.1 million.…

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Luxury Casitas Come to Sabino Canyon

Luxury Casitas Come to Sabino Canyon

The Pima County Board of Supervisors has recently voted to approve re-zoning for building a luxury-style apartment home complex consisting of 130 casitas on Tucson's east side on a 15.1-acre land along Sabino Canyon Road.Sabino Canyon Road Properties develops the project and has plans for three-bedroom luxury rental units located…

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The Ensign Group Acquires 230-Bed Skilled Nursing, Rehabilitation Center

The Ensign Group Acquires 230-Bed Skilled Nursing, Rehabilitation Center

Formerly known as Kindred Transitional Care Northwest, Casas Adobes Post-Acute Rehabilitation Center has a new owner, a recent trade publication reports. The Ensign Group acquired the 230-bed skilled nursing facility located at the corner of Orange Grove and Corona roads, adjacent to Northwest Hospital Medical Plaza in Tucson.…

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W.P. Carey Buys Raytheon Office Building for $19M

W.P. Carey Buys Raytheon Office Building for $19M

A real estate investment trust has just recently acquired a 143,650 square-foot Class A office building currently leased to one of The Raytheon Company’s main business divisions, Raytheon Missile Systems which is the largest of Raytheon's six operating segments and the largest private employer in the Tucson area.…

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The Army Builds Its Largest-Ever Solar Project in Southern Arizona

The Army Builds Its Largest-Ever Solar Project in Southern Arizona

Development of a solar array in southeast Arizona is about to start, according to a written announcement recently released by the U. S. Army. The plant is designed to meet about 25 percent of the annual installation electricity requirement of Fort Huachuca, one of the United States Army’s busiest transient…

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