WASHINGTON If you’ve got it, tap it. That appears to be the strategy for growing numbers of owners across the country who have begun taking out home equity credit lines at a rapidly accelerating pace. New data provided by national credit bureau Experian and researchers at the Oliver Wyman consulting organization suggest that a rebound boom in equity-tapping is underway.
Sale VMB Cortaro LLC bought the 2,350 square-foot building and 25,819 square feet of land occupied by Dunkin’ Donuts at 8002 N. Cortaro Road for $1.2 million. Rick Borane of Volk Co. brokered the sale by CPG Cortaro Retail LLC. Leases Centerfield Baseball Academy LTD leased 30,000 square feet at 5120 S. Julian Drive from Intergalactic Inc. dba Bookmans Entertainment Exchange. Steve Cohen and Russ Hall of Picor represented the landlord.
A three-story apartment complex for disabled residents is being constructed on 1.26 acres of Tucson’s south side, and it’s expected to open this fall, according to the Compass Affordable Housing website. Alvord Court Apartments, 5901 S. Park Ave., will provide housing for people with physical and developmental disabilities.
Construction of a 60,000-square-foot logistics and distribution center for Ventana Medical Systems is scheduled to begin by year’s end in Marana. The center will be in Tangerine Commerce Park on Tangerine Road near Interstate 10. Ventana will be the first tenant within the 100-acre business park and will lease the facility from Cottonwood Properties, whose affiliate company will oversee the construction.
WASHINGTON — You may have noticed the big media splash recently when Fair Isaac, developer of the iconic FICO credit score, announced the debut of a new score version that no longer would penalize consumers who have medical debt-collection issues in their credit files.
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