(Read more on the multifamily market.)
TUCSON-A Seattle-based investment and management company haspicked up its second Tucson multifamily property in a month. In anoff-market deal, S-J Management LLC formed the investment groupSpeedway Property Holdings LLC to acquire the 304-unit Retreat atSpeedway for $34.65 million.
In mid June, S-J bought the 238-unit Bear Canyon Apartmentsat 9055 E. Catalina Hwy. from Second City Capital Partners ofVancouver, BC for $30 million. That deal was also off market. Thenew purchase brings the buyer's Tucson holdings to 978 units.
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