Investors betting on condo conversions near UA as alternative to apartment rentals

Egger, Ed
May 2008
Inside Tucson Business;5/5/2008, Vol. 17 Issue 48, p4
The article reports on the planned construction of a 36-unit condominium which would serve as an alternative for rental rooms near the University of Arizona in Tucson. The housing development called 10th Street Condos is backed by investors including Steve Nissen, Walter Hoge, and John Thompson. Nissen assured the affordability and security of their units than nearby rental rooms. Base prices would range from $90,000 for a single-bedroom unit to $200,000 for a three-bedroom townhouse.


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