Tucson
Former Tucson Sears Store Sells to Joint Venture
The Tucson Sears Store was built in 1965. It closed in 2018. Since then, 25% of it has been leased… Read more
Tucson Hospital Buys Outlying Parcel
Tucson Medical Center (TMC) is looking to build another medical center in nearby Marana. Vintage Partners, the developer of Marana… Read more
Arizona Build-To-Rent Developer Buys 39 Acres in Casa Grande
The MODUS Companies is planning to build 470 units in the fast growing town of Casa Grande. Casa Grande, between… Read more
OC Firm Completes $12M Sale of Arizona Shopping Center
Newport Beach-based SRS Real Estate Partners’ National Net Lease Group (NNLG) has represented the seller in the $12 million sale… Read more
Historic Tucson Hotel to Convert to Apartments
The Hacienda Motel at 1742 North Oracle in Tucson sold for $2.85 million ($157 PSF). The 51-room motel sold to… Read more
Southside Tucson Mercado Sells for $12.27 Million
An undisclosed California-based 1031 exchange investor paid $12.27 million for the Fiesta Mercado Shopping Center. The sales price of the… Read more
Phoenix’s Tallest High-Rise Apartment Sells for $93.5 Million
The 184-Unit 44 Monroe is Arizona’s largest residential real estate tower. The property, built in 2008 for a reported $70… Read more
Tucson Apartment Property Trades for $165,948 Per Unit
The 232-unit Metro Tucson was sold to Vertical Street Ventures for $38.5 million. Institutional Property Advisors (IPA) advised the undisclosed… Read more
Tucson Suburb Site for New Marriott Hotel
A new Springhill Suites is on its way in Marana, Arizona, five miles northwest of Tucson. The two acre site,… Read more
Schnitzer Properties Takes On Phoenix Business Park
Schnitzer Properties purchased the Westech Business Center I & II, a 225,333 square foot complex made up of seven buildings.… Read more
SB Pacific Group Spins Off Tucson Multifamily Asset
The California-based private equity real estate investment firm bought the property in 2017 for $14.5 million and just sold it… Read more
Phoenix Exurb Site for New Build-to-Rent Community
Bela Flor Communities will soon start work on a new rental community in the Town of Maricopa, a growing town… Read more
Tucson’s Massive Hilands Changes Hands
It’s a well known Tucson property, situated on the way up to the affluent Catalina Foothills. Besides its views, it’s… Read more
Southern Arizona Rental Property Fetches $46.5 Million
The 252-unit Port Royale is in Sierra Vista, about an hour south of Tucson. The selling price equates to $184,454… Read more
Tucson Multifamily Asset Sells for $28 Million
Next to Davis/Monthan Air Force Base and Tucson International Airport, the Palomino Crossing is near employers with over 10,000 workers.… Read more
Lincoln Property Group to Develop Million Square Foot Industrial Park in Tucson
LPC Desert West, a division of Dallas-based Lincoln Property, is building a four-warehouse project on 77 acres in Tucson. I-10… Read more
High-End Retail Center Changes Hands in Tucson
Paloma Village Center sold for $18.4 million, or $480 a square foot. Situated on 12 acres, the 38,347 square foot… Read more
Indianapolis-Based Thompson Thrift Buys 68 Acres For Phoenix-Area Industrial Project
Although they are based in Indianapolis, Thompson Thrift is no stranger to the desert southwest. It’s closed deals in Tucson… Read more
Connect Media Bolsters Editorial Team with New Hires
Connect Media, a commercial real estate news, events and creative services agency, has made new additions to its editorial team.… Read more