When you put down thousands of dollars to purchase a home, you’re taking a potentially serious financial risk: You could lose some or all of that money if the value of the house declines or a job transfer, illness or other life event forces you to sell the property during a dip in market demand.
Tucson’s tallest building is, for the first time, in the hands of local owners, and plans for a twin tower are in the works. Known by its address, One South Church, the building was bought by Aerie Development LLC, ZFI 1SC Manager LLC, IREOF-V LLC and ZFI 1SC Partners LLC for $32 million.
Sales Synergy Plaza LLC bought the former McMahon Plaza at 2941 — 2959 N. Swan Road and 4626 — 4646 E. Ft. Lowell Road, from Western Alliance Bank for $5 million. The 46,933 square foot mixed-use property includes office, retail and restaurant space and will be renamed “Synergy Plaza”. The restaurant will be converted to office use, and the other on-site office buildings will remain as is.
Shopping, fitness and food. A good combination of construction projects are in varying degrees of completion around the city. European investors are building a new retail spot on the east side. Called 245 Marketplace, the 10,500-square-foot development will have six or seven tenants on Wilmot Road, just south of Broadway. A 5,000-square-foot standalone Corner Bakery Cafe is also on the site, which received a $937,184 building permit.
A downtown-area building that’s now up for sale has, over six decades, housed a church, stationary shop and rag factory. Boarded up and condemned for years, the building was bought in 2005 and converted into the Five Points Market and adjacent Café Desta. The 68,000-square-foot building at 760 S. Stone Ave. is divided into a small office, the restaurant and the grocery market.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Tucson Association of REALTORS® Multiple Listing Service (TAR MLS), the Green Valley/Sahuarita Arizona Multiple Listing Service (GVAR MLS), and the Southeast Arizona Multiple Listing Service, Inc. (SAAR MLS). Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX/RETS data is deemed reliable but is not guaranteed accurate by the MLS.
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