Tucson

  • $250M JV Acquires Tucson Property

    The Bascom Group and affiliates of Oaktree Capital Management plan a major renovation for the 252-unit community.

    20 February 2017 15:25
  • California Investor Adds Freshly-Built Tucson Asset

    Berkadia announced the $27.6 million sale of Avilla Preserve, a Class A multifamily property in Tucson.

    23 October 2015 15:00
  • UPDATE: Forbes’ Distinction Boosted Sales at Dove Mountain Luxury Community

    A private single family community in the Sonoran Desert, northwest of Tucson has booked $18 million in sales during the first half of 2015.

    27 July 2015 11:27
  • Massachusetts Investor Buys into Tucson’s M-F Market

    Northeast meets Southwest – Aspen Square Management, a company headquartered in West Springfield, MA, has just closed on a multifamily neighborhood in Tucson’s Casas Adobes submarket.

    12 June 2015 16:01
  • UPDATE: Banner Health Selects Contractors for $400M Medical Center

    Banner Health’s first project in Tucson since its merger with the University of Arizona Health Network is moving forward. The company recently announced it has selected the contractors for its development, Banner – University Medical Center Tucson.

    09 June 2015 20:52
  • MC Companies Closes on 1,500-Plus Units of Mostly Subsized Housing

    MC Companies has recently purchased an 8-property multifamily portfolio in Tucson through its Tucson 8 Opportunity Fund, the group announced in a press release. The acquisition included a total of 1,576 units. According to Real Estate Daily News, Berkadia Commercial Mortgage financed the sale with 25% down payment from MC Companies. The financier’s local investment sales and real estate brokerage arm, Berkadia Real Estate Advisors of Tucson represented the buyer as well as the seller – Family Housing Resources, Inc., an HUD Approved Housing Counseling Agency – in the negotiations.

    29 May 2015 22:00
  • Hunt Provides Fannie Mae Loan to Refinance Manufactured Housing Community

    Hunt Mortgage Group, a commercial real estate lender has provided a $4.5 million Fannie Mae loan facility to refinance the Terra Vista Manufactured Housing Community, the company announced. The loan was provided to borrower AFK Real Estate Investments, a Delaware limited liability company backed by Angus Keith. It has a 10-year term with 5-years interest only, amortizing over a 30-year period with a 9.5 year yield maintenance period. Florida-based manufactured housing expert Brian Mills brokered the transaction to Hunt.

    27 May 2015 16:03
  • Arizona’s First Fisher House Providing Free Veterans’ Housing Breaks Ground in Tucson

    Leadership from the Southern Arizona VA Health Care System, Fisher House Foundation, government and business leaders, Veteran Service Organizations along with community members celebrated the official ground breaking ceremony of the new Arizona Fisher House. The facility will provide free temporary housing to families of eligible veterans and military service members who are being treated at the Tucson VA or any other medical facility in Tucson.

    18 May 2015 21:33
  • Local Group Buys 22,289 SF Downtown Parking Lot for $1.78M

    A parking lot at the intersection of Broadway Boulevard and Stone Avenue in Tucson changed hands recently. Swain Chapman, Owner and Managing Member of Chapman Management Group sold the property to a team of Tucson-based investors. Art Wadlund of Hendricks & Partners and President Rob Caylor of Robert Caylor Construction Company acquired the 22,289-square-foot asset for $1.78 million, or $80 per square foot, according to Real Estate Daily News. As licensed real estate brokers, bothparties represented themselves in the transaction.

    08 May 2015 22:28
  • Tucson Electric Power Seeking Contractor for Energy Storage Facility

    Tucson Electric Power issued a request for proposals in which it seeks a developer to design and construct a utility-scale energy storage system. The RFP was issued on Friday, April 24 and stipulates that the 10 megawatt facility should be operational by the end of 2016. The future project partner would build and own the asset under a 10-year agreement – TEP provides the site for the project.

    01 May 2015 20:27
  • New KB Home Community Selling in Tucson at Prices from $192,000-$243,000

    A new neighborhood in southeast Tucson, La Cima Esplendora has launched sales recently, as announced by KB Homes.

    23 April 2015 19:31
  • Investor Acquires Triple-Net Leased Gas Station for $4.21M

    Capizzi Family Trust, an investment firm from Downey, California, recently picked up the Circle K store and gas station at 3301 S 6th Avenue in Tucson for $4.21 million or $956 per square foot as a triple net investment. Tatyana Meulemans with Newmark Grubb Knight Frank in Phoenix represented the seller, the Deconcini Family Trust of Tucson.

    17 April 2015 19:13
  • HSL Acquires Arizona’s Tallest Residential Tower

    HSL 44 Monroe got its hands on a controlling interest in Arizona’s tallest luxury residential tower through a $50.65 million purchase.

    17 April 2015 14:15
  • HSL Grabs Arizona’s Tallest Residential Tower

    Southern Arizona’s largest apartment acquires the state’s tallest residential tower; Capital Senior Living buys a senior housing asset in Texas; and Hunt Mortgage refinances a 56-unit property for $3.73 million.

    16 April 2015 17:59
  • New Retail Center Coming Soon to Southeast Tucson

    Retail options at the Rita Ranch master planned community in Tucson’s southeastern precinct will broaden in the near future as site work has recently begun on a new shopping and restaurant hub. The shopping complex is being built on a 17-acre parcel at the northwest corner of Houghton and Old Vail Roads, across from Houghton Towne Center and approximately 1.5 miles from Interstate 10.

    09 April 2015 22:07