Commercial Tucson Real Estate

04/08/2024

Another $6.6 Billion going into Phoenix totaling $65B for TSMC!

The White House announced TSMC will receive $6.6 billion in funding from the CHIPS Act and most will help fund Arizona facility's construction.

03/26/2024

Congratulations to the Sellers for a successful disposition and I am looking forward to seeing the Buyer's vision turn into reality.

TUCSON, AZ (March 26, 2024) – The two-story, multi-tenant office building at 2030 E Broadway Blvd. sold for redevelopment at $2.499 million ($103 PSF). It is located southeast of Campbell Avene and Broadway Blvd. at the southwest hard corner of Olsen Ave and Broadway. The buyer, an affiliate of Ce...

10/14/2021

MARANA, ARIZONA – Construction is underway for The Alexander, a new ground up 209-unit, four-story multifamily community that emphasizes technology and wellness. A groundbreaking was held last month for the $49 million asset at 3915 W. Aerie Drive in Marana, Arizona. It is owned and developed by T...

07/30/2021

Rents in Tucson increased 2% month-over-month, compared to 2.5% nationally. Month-over-month growth in Tucson ranks #69 among the nation’s 100 largest cities. Year-over-year rent growth in Tucson currently stands at 13.5%, compared to 5.2% at this time last year. Median rents in Tucson currently s...

07/01/2021

The Arizona State Land Dept is auctioning off 11,700 acres of land directly adjacent to the Superstition Mountains and the US60 in Gold Canyon for an employment related use. As is required, the State Land Department has sent public notice to the Peralta Canyon and Peralta Trails community for a July...

06/02/2021

Arizona and Montana had the largest increase in state personal income for 2020 at 8.4 percent, according to the Bureau of Economic Analysis.

03/29/2021

If you're considering a move, consider setting your sights on one of these 7 amazing cities.

03/24/2021

By: Elliott D. Pollack & Company A quick analysis of important economic data released over the last week The economic recovery continues with all eyes on the continued rollout of COVID-19 vaccinations. And we received great news in Arizona on that front. Governor Ducey just recently announced that v...

03/23/2021

The south-side site will be a sorting center for goods that arrive via air cargo.

03/23/2021

TUCSON, ARIZONA — The M. Steven and Kathleen Davidson Family Trust of Tucson purchased the historic Coronado Hotel Apartment located at 402 E. 9th St. in Tucson for $3.6 million ($120,000 per unit). Coronado Hotel Apartments is a 30-unit multifamily facility with an additional ground floor commerc...

03/10/2021

Tucson hits the list again!

Phoenix, Seattle, Nashville, Salt Lake City and Las Vegas join five other metropolitan areas among NAR's top 10 commercial real estate markets. NAR Chief Economist Lawrence Yun predicts commercial real estate market–after undergoing challenging conditions last year–will improve in 2021 due to th...

03/04/2021

The data continues to show significant regional variation, but the days of plummeting rents in pricey coastal markets appear to be coming to an end, as many of these cities experience positive month-over-month growth for the first time since the start of the pandemic. At the other end of the spectru...