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Texas-based Builders FirstSource acquires Arizona building materials supplier for $400M

On Monday, May 24, Texas-based building supplier Builders FirstSource announced it entered into an agreement to acquire Cornerstone Building Alliance (also known only as Alliance), the largest independently operated supplier

Tucson ranks among hottest rental markets in nation

It’s no news that Tucson’s housing market is firmly in sellers’ hands; houses for sale can receive more than a dozen offers in their first days on the market, often for tens of thousands more than their asking price. But a new report from RENTCafé indicates that mid-sized markets such as Tucson are also leading in rental competitivity, fueled by the housing market.  The market report, “The Hottest U.S. Rental Markets: Mid-sized Hubs Take the Lead in Competitivity,” found that 96% of apartments in Tucson are occupied with an average of 14 prospective renters per apartment, placing Tucson as the 15th most competitive rental market in the nation. This ranks Tucson alongside cities like Colorado Springs, Boise and Sacramento. 

Etherton Gallery to move locations after three decades

For 33 years, art lovers have been climbing the daunting staircase up to Etherton Gallery, perched high on the second floor of downtown’s historic Oddfellow Hall. Proprietor Terry Etherton is ending his more than three-decade run in downtown and moving to a one-story building at 340 S. Convent St. in Barrio Viejo. “The building was sold,” Etherton says of the current place. “It was time to move on. It’s a cool space. This is our 40th anniversary year. It’s a good time to make a move.” Etherton opened his first gallery in a retail space on Sixth Street near Fourth Avenue; he stayed there for seven years before setting down roots in the Odd Fellows building.

Global medical technology company building facility in Tucson

An international medical technology company is planning to build a new state-of-the-art facility in Tucson by 2022 that will serve as the company’s supply chain hub and the last stop for manufacturing and sterilization before their goods hit the market.  BD—Becton, Dickinson and Company—is set to invest $65 million on a 120,000-square-foot facility that will spread across 32 acres on the northeast corner of Valencia and Kolb Road. The company expects to add 40 new jobs to the local economy and is looking for engineers, scientists, quality-control specialists and other skilled positions. Regional economic development coordinator Sun Corridor, Inc. projects this investment should have a $122 million economic impact over the next decade. 

Real estate tech firm enters Tucson market

Real estate tech firm enters Tucson market
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