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Plans to Upgrade Tucson Convention Center, Build New Convention Hotel

Plans to Upgrade Tucson Convention Center, Build New Convention Hotel

The City of Tucson and the Rio Nuevo Multipurpose Facilities District finally reached an agreement that would bring a new convention center hotel in downtown Tucson. According to the long-awaited settlement, Rio Nuevo will invest $6 million in upgrading the Tucson Convention Center.…

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NY Developer Acquires Last Lots in Master-Planned Community from Forest City

NY Developer Acquires Last Lots in Master-Planned Community from Forest City

New York-based Petrus Partners Ltd. has recently announced the acquisition of the last undeveloped lots remaining in Gladden Farms, a 1,350-acre master-planned community in Marana. This is Petrus’ 13th residential land acquisition in Arizona since 2008.…

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Two Local Retail Centers Change Hands for $42.6M

Two Local Retail Centers Change Hands for $42.6M

The local real estate market started the year on a positive note with two significant deals taking place in January; two retail centers were sold to investors for a total of $42.6 million.…

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Single-Tenant Office Complex in Tucson’s East Side Sells for $17.8M

Single-Tenant Office Complex in Tucson’s East Side Sells for $17.8M

A California non-profit group paid $17.85 million for an office complex located near east Speedway and north Kolb Road, on Tucson’s east side. The buyer is the H.N. and Frances C. Berger Foundation, based in Palm Desert.…

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Campus Acquisitions Tops Up $25M Hi-Rise Near Univ. of Arizona

Campus Acquisitions Tops Up $25M Hi-Rise Near Univ. of Arizona

The $25 million student housing that Chicago-based Campus Acquisitions is developing near the University of Arizona has recently topped out at 14 stories high. Expected to open in late summer of 2013, the 300,000 square-foot upscale project will include 176 units and house about 550 students.…

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$52M Hospital Project in Green Valley Meets Community Opposition

$52M Hospital Project in Green Valley Meets Community Opposition

Green Valley’s first emergency room hospital, about 25 miles south of Tucson, could be blocked due to objections from a homeowners association. In October 2012 news broke that Tucson Medical Center would develop and operate the $52 million hospital and emergency room project with Scottsdale-based McDowell Enterprises.…

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Aris Integration Picks Tucson for Corporate HQ and Plant

Aris Integration Picks Tucson for Corporate HQ and Plant

Aris Integration has announced its intention to move its corporate headquarters to Tucson. The Scottsdale-based company plans to build a facility that will manufacture a new type of modular energy-efficient building panel, and hire about 600 people by 2017. Positions at the office will include ones in executive management, sales…

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Freeport-McMoRan Buys and Occupies 85,000SF American Airlines Building

Freeport-McMoRan Buys and Occupies 85,000SF American Airlines Building

Phoenix-based Freeport-McMoRan Copper & Gold, a global mining company, has purchased the American Airlines building in Tucson for $5.2 million. The 85,000-square-foot call center building, located at 3350 E. Valencia Road, was closed in August and has been vacant ever since, reports the Inside Tucson Business.…

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CareMore Medical to Open Fourth Medical Facility in Tucson

CareMore Medical to Open Fourth Medical Facility in Tucson

CareMore Medical Enterprises announced plans to open its fourth medical facility in Tucson near the Carondelet Heart & Vascular Institute. The new facility will occupy a vacant retail space at 4881 N. Stone Avenue, a former Cost Plus retail center, according to Inside Tucson Business.…

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Curacao Opens 85K SF Mega Store in Tucson

Curacao Opens 85K SF Mega Store in Tucson

Curacao opened its first mega-store in Tucson. The store is the company's second in Arizona, and it was originally scheduled to open in 2008. The main reason for the delay was the economic crisis, said Rick Hutton, president of Curacao. Nonetheless, Hutton admits that Arizona was always on the expansion…

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Carondelet Invests $17M to Relocate Heart Institute to St. Mary’s Hospital

Carondelet Invests $17M to Relocate Heart Institute to St. Mary’s Hospital

Carondelet Health Network plans to relocate its Heart & Vascular Institute to the Carondelet St. Mary’s Hospital campus. In a statement, the company said the first phase of the relocation will be complete by early November. Carondelet will invest about $17 million in the construction of the new facility, which…

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Ohio Investor Acquires Broadway Plaza for $12.7 Million

Ohio Investor Acquires Broadway Plaza for $12.7 Million

The 83,612-square-foot Broadway Plaza retail complex in Tucson was sold to shopping center REIT Philips Edison-Arc for $12.7 million, according to Marcus & Millichap. The real estate investment services firm represented the Ohio-based buyer in this deal.…

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