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Home / Multifamily

PICOR Connect | Trends in Commercial Real Estate

From Apartments to Warehouses: C&W | PICOR Wins with The Beverly on Fifth & Palo Verde Industrial

Last updated on March 1st 2023

The top sale this past week at Cushman & Wakefield | PICOR was of The Beverly on Fifth, a residential property in Central Tucson, where our Multifamily Team, Allan Mendelsberg, and Joey Martinez represented both parties in this transaction. The top lease was of industrial space within Southwest Tucson, where Robert C. Glaser, Industrial Specialist, represented the landlord in this transaction.

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Multifamily Market Slows Down in Q4: Vacancy Rates Increase and Rents Soften

Last updated on February 15th 2023

In the fourth quarter, Tucson saw the average vacancy rate increase 1.20% to 7.46% from the previous quarter, which is also a 3.08% increase year over year (YOY). 

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Central Tucson Continues to Have High Investment Activity

Last updated on December 21st 2022

The top sale this past week at Cushman & Wakefield | PICOR was of Vine Apartments, an 8-unit investment property located just south of the University of Arizona campus. C&W | PICOR Multifamily Specialists, Allan Mendelsberg, Principal, and Joey Martinez represented both parties in this transaction. The top lease was of an 8,000 square foot (SF) industrial property at 2055 E 17th St, located in[…]

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Central Tucson Remains Active With Apartment Sales & Leasing of Industrial Warehouses

Last updated on December 7th 2022

The top sale this past week at Cushman & Wakefield | PICOR was of 32nd Street Apartments, an investment property located in central Tucson where our Multifamily Specialists, Allan Mendelsberg, Principal, and Joey Martinez represented both parties in this transaction. The top lease was of a 43,065 square foot (SF) industrial space, also located in central Tucson, where our Industrial Specialists[…]

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Tucson's Multifamily Market is Years Ahead in Supply & Set to Withstand Economic Uncertainty

Last updated on November 30th 2022
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Apartment Sells for $8.5 Million & Industrial Properties Continue to be Leased

Last updated on November 23rd 2022

The top sale this past week at C&W | PICOR was of a 72-unit apartment complex located on Fort Lowell Road where Allan Mendelsberg, Principal, and Joey Martinez represented both the buyer and seller in this transaction. The top lease was of a 15,000 square foot (SF) warehouse/office space near I-10 where  Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist, represented the landlord in[…]

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Renovated Multifamily Asset Sells near University, Fenced Yard Leases at Old West Industrial Village

Last updated on October 26th 2022

The top sale this past week at C&W | PICOR was of a renovated multifamily asset located near the University of Arizona where Allan Mendelsberg, Principal, and Joey Martinez represented both the buyer and seller in this transaction. The top lease was of a fenced yard at Old West Industrial Village, Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist, represented the landlord in this[…]

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Q2 2022 Multi-Family Marketbeat

Last updated on August 29th 2022

Throughout Q2 2022, the Tucson market remained relatively strong compared to other one million plus population markets.

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Tucson Multifamily Market Sizzles Mid-Year

Last updated on August 17th 2021

For investors looking for investments $20 million and under, Tucson ranked number 4 on the list of small/middle sized markets. A larger driver of the demand for multifamily in Tucson is the attractive year-over-year (YOY) average rent growth of 9.1%. The shortage of affordable and traditional housing in Tucson also fuels apartment rental demand. With construction costs tripling on certain[…]

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Top Tucson Commercial Real Estate Brokers Recognized by CoStar

Last updated on March 12th 2021

CoStar Group, Inc., the data/analytics leader of the commercial real estate industry, has announced this year’s Power Broker Award recipients, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals, leading in their respective markets. In Tucson, AZ, Cushman & Wakefield | PICOR maintained uninterrupted achievement among both the Top Leasing[…]

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