Tucson
New $60M Solar Panel Factory to Open in Phoenix
JA Solar expects to invest $60 million into a new manufacturing facility in Phoenix. The new facility will produce high-performance… Read more
Bed, Bath and Beyond to Shutter 6 Arizona Stores
The balky economy is leaving a number of retailers in its wake. First it was Sears Hometown Stores, then Party… Read more
Four Tucson Bowling Centers Sell for Nearly $10M
Triple Shift Entertainment recently purchased four Tucson Bowling Alleys. Triple Shift Entertainment already owned ten bowling alleys in Minnesota. The… Read more
Tucson to Get Downtown-Area Hotel and Casino
The Pascua Yaqui Tribe currently has two hotel/casinos on the outskirts of Tucson and now they have started actively planning… Read more
Two Tucson Walgreen’s Properties Swapped for Nearly $10M
Project Capricorn Fund V was the buyer of the two Tucson locations. The fund has been investing in Walgreen’s stores… Read more
Nearly 100K SF Tucson Shopping Center Fetches $22M
SRS Real Estate Partners has completed the $22 million sale of Silverbell Plaza, a 97,540-square-foot retail center located at Silverbell… Read more
Tucson Leads Nation in Hotel/Office-to-Apartment Conversion
Three Tucson hotels have been bought in 2022 for the sole purpose of converting them into apartments. A fourth one-time… Read more
Albuquerque Ranks #1 Top as Cheapest CRE Investment City
With the cost of commercial real estate and borrowing both on the rise, the search is on for investments and… Read more
EV Battery Maker to Expand Tucson Footprint
Sion Power Corporation, a leading technology developer of batteries for electric vehicles (EV), is taking over a 111,400 sq ft… Read more
Tucson Lands $1 Billion Battery-Making Plant
The Pima County (Tucson) Board of Supervisors Dec. 6 okayed a lease-purchase agreement with American Battery Factory to build a $1… Read more
Tucson Shopping Center Split in Two, Sold to Different Buyers
The seller thought Tucson’s Cortaro Plaza had more value split up than all together. The combined sales price for Cortaro… Read more
IPA Brokers for Two Tucson Rental Communities
Institutional Property Advisors (IPA) has brokered sales of two Tucson-area multifamily communities. Elevate, a 144-unit apartment property traded for $21.8… Read more
Tucson-Area Life Sciences Building Delivers Near Record Price
Institutional Property Advisors (IPA) arranged the sale for the life sciences facility. The asset is subject to a 10-year, triple-net… Read more
Tucson Student Housing Project Sells for Near Record High
Vesper Holdings has acquired Sol y Luna, a two-tower, high-rise luxury student housing complex located in Tucson, Arizona. Vesper Holdings purchased… Read more
Tower 16 Trades Two Tucson Apartments for $65 Million
San Diego-based Tower 16 Capital Partners, has sold a pair of multifamily assets in Tucson, Arizona, for $65 million to… Read more
Canyon Ranch to Open Austin Wellness Facility
VICI Properties Inc. (NYSE: VICI), a real estate investment trust has entered into a loan facility for up to $200… Read more
Moderne Communities Building Second Tucson-Area Build-to-Rent Community
MODERNE Communities recently paid $4.35 million on its purchase of 14-acres from Gladden Phase II. The company plans to develop… Read more
Food Distribution Center Coming to Tucson Suburb
Shamrock Foods Company, a 100-year-old, family-owned Phoenix-based company, has acquired 81 acres from Crown West Residential Group at The Crossroads… Read more
Fundamentals Continue Driving Self-Storage Success
The self-storage sector continues to enjoy sustained growth, thanks to various demand fundamentals. According to Marcus & Millichap’s just-released Self-Storage… Read more