NorthStar Healthcare Income, through its affiliate Watermark La Cholla Owner, LLC, acquired The Fountains at La Cholla for $69.9 million ($173,000 per unit) as part of a $640 million portfolio for 15 properties in 11 states. The Fountains at 2001 West Rudasill Road in Tucson consists of 404-units, 241,466-square-feet in 17 buildings on 9.49 acres […]
Fountains at La Cholla Sells for $69.9M in $640M Portfolio Read More »
Arizona Ironwood, LLC of Tucson (Robert Bradley, owner) purchased the former Desert Garden Nursery and Cafe at 11011 E Tanque Verde Road in Tucson for $287,500 ($160 PSF). The Company needed expansion room for its specialized market serving mostly out of state and European customers with exotic wood products specialized for wood working. The new
Investor & Small Businesses Find New Retail Space in Tucson Read More »
Tucson apartment sales were persistent through May with over $110 million in aggregate sales represented in 2,543 units transferring in 32 transactions. Cap rates trended lower this month again and are hovering at 5% average on the thirteen 40+ unit apartments and higher at around 8% average on the nineteen smaller apartment units. Tucson-based, Holualoa
Tucson, Four Apartment Sales Totaling $34.2M Mark End of Month Read More »