Apartments for sale in Tucson

Multi family Housing is seeing a strong recovery in the Tucson Market. Apartments for sale have been a difficult find as demand has increased and returns have been strong and lending has been competitive. New unit development has seen resurgence this year as well. Commercial Real Estate in the Tucson market in the Multi-family sector has seen an increase in Luxury Apartments that the city has not had access to in the past.

HSL Properties held a ribbon-cutting ceremony July 17 for its newest luxury apartment home community, Encantada at Steam Pump.

The 288-unit, $32 million project is now leasing at 11177 N. Oracle Road in Oro Valley.

Encantada at Steam Pump is the third luxury apartment home community from HSL Properties to open in the Tucson area. The others are Encantada at Riverside Crossing, 1925 W. River Road, and Encantada at Dove Mountain, 4688 W. Tangerine Road.

HSL Properties currently owns and operates more than 10,000 apartment units in 40 apartment communities throughout Arizona.

Phoenix-based Maracay Homes has combined with TRI Pointe Homes, Inc. as part of the merger between TRI Pointe and Weyerhaeuser Real Estate Company (WRECO), which counts Maracay Homes in its family of builders. The transaction, one of the largest in homebuilding history, is valued at approximately $2.8 billion.

Maracay Homes has several communities in the Tucson region.

Maracay is one of the five WRECO homebuilding companies that have joined TRI Pointe as part of the larger merger. In addition to Maracay, the new TRI Pointe companies, which will continue to operate under their respective brand names, include: TRI Pointe Homes (Northern and Southern California and Colorado), Pardee Homes (Southern California and Las Vegas), Quadrant Homes (Puget Sound region of Washington state), Trendmaker Homes (Houston) and Winchester Homes (Washington, D.C. metro area and Richmond, Virginia).

For more information on available complexes go to TucsonCommercialBroker.com