Tucson (No longer used)
Loews Hotels Buys Loews Ventana Canyon Resort in Tucson
Loews Hotels & Resorts has acquired Loews Ventana Canyon Resort, a 398-room lodging destination that has operated under Loews Hotels’ management since the doors first swung open at 7000 N. Resort Dr. in 1984.
MARKET REPORT: Tucson Market Continues to Show Upward Trend
Even though decreased government spending impacted both momentum and activity in Tucson’s real estate market, employment in the metropolitan area is showing a promising tendency. The 5.8 percent unemployment rate at the year’s midway point was 0.6 percent lower than just six months ago, and real estate market fundamentals looked similarly encouraging.
Canadian Home Builder Mattamy Launches Tucson Division
According to a recent written announcement released by Mattamy Homes, the home builder continues with its Arizona growth strategy and launches a new local division in Tucson. Mattamy already has a number of active communities and land positions in the Phoenix area.
Avalon Solar Park One Step Closer to Completion
Avalon Solar, the 35 MW renewable energy project in south-central Arizona is under construction and the development has recently reached an important milestone as Array Technologies, Inc. has successfully shipped the solar trackers to be installed on the site.
Tucson Fills Out $3B Permit for Tesla Battery Plant
Tesla Motors continues to seek the perfect location for its brand new battery factory that would supply lithium-ion batteries to the firm’s Fremont assembly plant. Tucson is among the finalists and the Palo Alto, California-based manufacturer of zero-emission electric vehicles has just recently received a building permit from the city’s development services department.
Tucson Golf Resort and Club Prepares for Multi-Phase Makeover
The Lodge at Ventana Canyon will soon undergo a multi-million dollar renovation with the first phase of the renovation updating the one-bedroom suites, Experience AZ Magazine reports.
Property Management Company Renters Warehouse Signs Franchise in Tucson
Renters Warehouse USA has recently signed four new franchises, one of which operates in Tucson. This is the company’s second agency in the state, as Renters Warehouse Arizona has been active in Phoenix since the inception of the parent company.
Colliers Brokers $5.68M Sale of Class B Apartments by Blue Valley
Blue Valley Apartments, Inc. of West Palm Beach, Fla has recently sold Villas at Roger Road to Equilibrium Villas, LLC, of Washington, D.C. The transaction brokered by Colliers HSK Multifamily was worth $5.68 million, coming out at $24,500 per unit. Senior Vice Presidents Bill Hahn, Jeffrey Sherman and Trevor Koskovich represented both parts, as announced by Colliers International in Greater Phoenix.
Revolution Places Joint Ventures with KSL Capital to Expand Miraval Resort & Spa Internationally
A joint venture came into being recently between real estate investors Revolution Places and KSL Capital Partners, LLC and the firms announced an agreement to take ownership of Miraval Resort & Spa, respectively, to expand the wellness luxury spa from its current Tucson location to new destinations in the US, Europe, etc. No financial terms were disclosed.
Three Multifamily Communities Coming Soon to Tucson-Area
The Estates at Madera Highlands, Westview Point and Sycamore Canyon – three master planned properties to keep tabs on over the second half of the year. Richmond American Homes of Arizona, a subsidiary of M.D.C. Holdings, Inc. recently purchased the lands located in Sahuarita, Tucson and Vail and proposed to finish all site works and have the communities open within the next four months.