As the first half of 2025 comes to a close, Cushman & Wakefield | PICOR’s Multifamily division reports that, out of the 15 multifamily sales in the Tucson market this year* (in properties ranging from 5 to 100 units), our team represented 13 of those sales, accounting for 86% of all transactions. Notably, the only two sales not involving C&W | PICOR were completed without any broker representation.
Multifamily specialists Allan Mendelsberg and Joey Martinez have closed 13 transactions consisting of 178 units and more than $18.5 million in sales volume. Key transactions so far this year include:
Glenn Dorado | 3839 E. Glenn St.
28 units | $2,660,000 ($95,000/unit)
Copper View Apartments | 2556 N. Tucson Blvd.
26 units | $2,450,000 ($94,231/unit)
Belvedere Gardens Apartments | 914–926 N. Belvedere Ave.
20 units | $2,355,000 ($117,750/unit)
Even as the market has slowed, with vacancy rates increasing, average sale prices softening, and financing remains a challenge, our team continues to facilitate steady activity in the 5–100 unit segment. Many of this year’s closings have required creative structuring, with seller financing and value-added opportunities generating the most traction. While transaction volume may be slower, C&W | PICOR’s Multifamily team continues to close deals and find opportunities that are best suited for our clients, regardless of market conditions.
*As of June 9th 2025
