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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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New Housing Complex to Revitalize Tucson’s South Side

New Housing Complex to Revitalize Tucson’s South Side

Tucson’s multifamily market continues to show signs of improvement mainly due to a steady job growth and an increasing student population in the area. Investor interest in apartment assets remains strong, with larger real estate companies targeting luxury properties, especially developments close to the University of Arizona and major employment…

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Rio Nuevo Asked to Provide Loan for $22M Downtown Hotel Project

Rio Nuevo Asked to Provide Loan for $22M Downtown Hotel Project

The 135-room hotel that developer Scott Stiteler is planning at the intersection of Fifth Avenue and Congress Street misses a final piece to become a reality – a $2.5 million loan that the Rio Nuevo board has been asked to provide.…

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Tangerine Corridor in Tucson Sees Residential Building Boom

Tangerine Corridor in Tucson Sees Residential Building Boom

Accounting for nearly two thirds of new home construction in northwest Pima County, the Tangerine Road corridor has recently become the “place to be” for homebuilders. Not only will the area dominate Tucson’s residential market this year, but it will also attract even more investors and homebuilders in the next…

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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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