LAND OVERVIEW Hank Amos President and Designated Broker At the beginning of the year, we forecasted that the Land Market would be better than years past. This was due to a growing economy and a pro-business, pro-growth Trump agenda, fueled by last year’s addition of 5,300 jobs to Tucson and this year’s forecast of…Read More→
Commercial Real Estate Midyear Review
Tucson Realty and Trust Co. held a press conference Wednesday to deliver its’ commercial real estate midyear review. Hank Amos, President and CEO of Tucson Realty and Trust Co. gave the market overview and Land report. In February, Mr. Amos painted an optimistic picture of the local commercial real estate market, citing business friendly government and…Read More→
Year End Market Report – CRE Land
LAND OVERVIEW Hank Amos President and Designated Broker The last eight years of the Obama Administration did not bode well for the nation’s and Tucson’s economy. The U.S. never saw annual GDP of three percent in any of Obama’s eight years, a first for a U.S. president since 1930. This is not a political statement,…Read More→
Tucson Area Land Market Mixed Bag
By Hank Amos CEO & Designated Broker It’s a mixed bag in the Tucson-area land market. While it is a great time for those looking to build their dream home to find a suitable lot to put it on in Metro Tucson, land for major homebuilders seeking to construct large subdivisions seems to be in…Read More→
Southern Arizona Properties to be Auctioned
Southern Arizona Properties to be Auctioned Properties located in Southern Arizona will be auctioned as part of the court ordered auction of properties owned by the Roman Catholic Diocese of Gallup, New Mexico. The Auction of the Arizona properties is scheduled for September 12, 2015 at The Sheraton Phoenix Downtown Hotel, 340 N. Third St. Phoenix,…Read More→
Blacher Represented Buyer
Blacher Represented Buyer Chuck Blacher, of Tucson Realty & Trust Co., represented buyer in sale The Izzo Revocable Living Trust purchased 29,185 square feet of vacant land located at 2360 W. Wetmore Road, Tucson, Arizona, from Pamela L. Potts and Richard L. Pittman. Chuck Blacher of Tucson Realty & Trust Co. represented the Buyer…Read More→
Commercial Real Estate Land Overview
LAND OVERVIEW Bob Solfisburg, Land Specialist Residential Land sales have slowed significantly thus far when compared to the past two years. The Northwest region dominated the overall land sales in Pima County reporting nearly $20 million for both residential and commercial land sales. New home construction remained solid in the first half of 2016 as the…Read More→
Commercial Real Estate Land Overview
Land Overview Bob Solfisburg Land Specialist January 29, 2015 In 2014, Tucson’s housing market remained flat reporting only 2,200 new building permits, roughly the same as year before. Home sales could never gain traction throughout the year and new construction closings decreased slightly by 4 percent from the previous year. Tucson experienced job losses in…Read More→
Bob Solfisburg Mid-Year Land Report
LAND OVERVIEW Bob Solfisburg Land Specialist Local homebuilders remain cautious starting the second half of 2014. Single-family permits are lower than forecast and tighter credit remains problematic. The Dodd-Frank Act represents the most stringent underwriting laws in decades. Combine tighter credit with an increase in median home values, higher lending rates from year ago, very…Read More→