The more than 120 real estate experts gathered at the Ritz-Carlton, Dove Mountain, Thursday afternoon were generally bullish about the future of Tucson housing, but hopes for a rebound mirroring the boom of the 1990s and 2000s were gone.
WASHINGTON — Are the two biggest players in the American mortgage arena, Fannie Mae and Freddie Mac, needlessly preventing millions of African-Americans, Latinos and young consumers from qualifying for a loan because they don’t have a FICO credit score?
Sale Holualoa Companies of Tucson sold the 428-unit Tanque Verde apartment complex at 7671 E. Tanque Verde Road for $21.3 million to Salt Lake City-based Chartwell Capital Partners LLC. Michael Sandahl, Wyatt Campbell, Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch, with CBRE, represented the seller.
Three of Tucson’s multimillion-dollar homes will be featured Sunday on the HGTV show “Buy Like a Mega Millionaire.” “It’s a game-show type thing,” said Janell Jellison, a Realtor with Long Realty, who listed two of the homes.
Sales Catalunya Apartments LLC and Miraflores Apartments LLC bought Mayfair Manor Apartments, a 140-unit complex at 5180 E. 22nd St., and Shadow Pines Apartments, a 100-unit complex at 4011 N. First Ave. from Mayfair Tucson LLC and Esbro Tucson LLC. Bob Kaplan with PICOR and Jim Crews and Brett Polachek with Cushman & Wakefield of Arizona handled the $8.7 million sale.
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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