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Tanque Verde Holdings Grabs Luxury Multifamily Property in Tucson for $12M

Tanque Verde Holdings Grabs Luxury Multifamily Property in Tucson for $12M

In a $12.3 million deal, Santa Barbara, California-based Tanque Verde Holdings LLC has acquired Aerie at Tanque Verde, an 85-unit luxury rental community in in Northeast Tucson, from Alta Vista Communities LLC.…

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Royal Properties to Break Ground on 232-Bed Student Housing Project in Tucson

Royal Properties to Break Ground on 232-Bed Student Housing Project in Tucson

Royal Properties, a national owner, developer and manager of multi-family student housing, plans to break ground this month on a 232-bed student housing project in Tucson’s Iron Horse neighborhood.…

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Tucson’s Modern Streetcar Nearing Completion

Tucson’s Modern Streetcar Nearing Completion

The City of Tucson is s wrapping up construction on the Sun Link Streetcar, its largest construction project to-date. 98% of the underground utility upgrades and relocations are complete and 95% of the project has rail installed, according to the latest official updates.…

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Bridge Investment Affiliate Purchases Complex for $26M from JI Kislak Entity

Bridge Investment Affiliate Purchases Complex for $26M from JI Kislak Entity

In a $25.65 million deal, an affiliate of Murray, UT - based Bridge Investment Group Partners, LLC, has acquired a 360-unit apartment complex at 951 West Orange Grove in Tucson. The seller, an affiliate of JI Kislak, Inc. of Miami, FL, had owned the property since 2000.…

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Lennar, Richmond American Homes Puchase Finished Lots

Lennar, Richmond American Homes Puchase Finished Lots

Lennar Homes, a subsidiary of Miami, Fla. - based Lennar Corporation, has expanded its Tucson footprint by acquiring control of 108 finished residential lots in Block 18 at Star Valley, a master planned community off Camino Verde and Los Reales on the southwest side.…

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University of Arizona, Developers Embark on 350-Acre Mixed Use in South Tucson

University of Arizona, Developers Embark on 350-Acre Mixed Use in South Tucson

The trendlines continue to point to a steady, albeit slow, recovery of the real estate market in the Tucson region. Amidst a series of large-scale developments aimed at strengthening the area’s economy, The Bridges development in South Tucson is moving ahead as planned.…

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$11M Makeover Planned for Joaquin Murrieta Park

$11M Makeover Planned for Joaquin Murrieta Park

In a $1.4 million deal, Charter School Capital, Inc. acquired an 11,308-square-foot retail building at 3434 East Broadway in Tucson.…

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Linthicum Finalizes Redevelopment of 95,000-Sq.-Ft. Hotel in Downtown Tucson

Linthicum Finalizes Redevelopment of 95,000-Sq.-Ft. Hotel in Downtown Tucson

Linthicum recently completed the 10-month renovation of the Aloft Tucson University hotel in downtown Tucson, a former Four Points by Sheraton property.…

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Development to Move Ahead on 5,000-Acre, Long-Stalled, Former Ranch

Development to Move Ahead on 5,000-Acre, Long-Stalled, Former Ranch

A 5,000-acre master-planned community planned for the southeast fringes of metro Tucson is back on track. Dubbed Rocking “K” Ranch, the property was once an active cattle ranch, and adjoins the 66,947 acre Saguaro National Park East.…

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Westin Hospitality Property Undergoes $30M Renovations

Westin Hospitality Property Undergoes $30M Renovations

The Westin La Paloma Resort & Spa, a 250-acre hospitality property nestled in the foothills of the Santa Catalina Mountains, is currently undergoing a $30 million renovation that began in the spring of 2012.…

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Campus Acquisitions Breaks Ground on Second Student Housing Complex West of UA

Campus Acquisitions Breaks Ground on Second Student Housing Complex West of UA

Chicago-based Campus Acquisitions has broken ground on a new student housing complex near the University of Arizona in Tucson, which will be built by Beal Derkenne Construction. The 13-story high-rise is slated for completion in August 2014.…

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Tucson Medical Center Unveils $134M Orthopaedic and Surgical Tower

Tucson Medical Center Unveils $134M Orthopaedic and Surgical Tower

Tucson Medical Center (TMC), the leading provider of comprehensive healthcare services to greater Tucson and the Southern Arizona region, announced opening of its new state-of-the-art surgical and orthopaedic tower that has been in the works since 2009.…

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