MARANA, AZ (November 6, 2025) – A .87-acre commercial pad at Lot 4G in Tangerine Commerce Park, located at the southwest corner of Tangerine Road and Interstate 10, has sold for $1,300,000. The buyer, B&D Real Estate, LLC, doing business as Burger King Restaurant, purchased the site for future restaurant development.

The seller was R11 Tangerine Corporation, an entity associated with the Tangerine Commerce Park ownership group. NAI Horizon brokers Ben Craney and Gordon Wagner represented the seller in the transaction. Mark Bramlett with Lee & Associates represented the buyer.

This latest sale continues the rapid buildout of Tangerine Commerce Park, a key commercial node at the I-10 interchange serving the growing Marana trade area. The 0.87-acre pad is expected to accommodate a freestanding Burger King drive-thru location, adding another national quick-service brand to the corridor, which already includes several major retail and restaurant users.

The property lies within the Tangerine Corridor submarket, one of northwest Tucson’s most active commercial growth areas. Surrounding developments include new hotels, retail, and industrial projects, which contribute to increased traffic and investment along Tangerine Road.

For more information, please contact Craney at 520.326.4500, Wagner at 520.326.2200, or Bramlett in Phoenix at 602.986.7777.

Source: RED Comp #12146

Vacancy Inches Up as Construction Pipeline Remains Active

TUCSON, AZ (November 14, 2025) — Cushman & Wakefield | PICOR has released the Tucson Industrial Market beat. Tucson’s industrial sector remained stable through the third quarter of 2025, supported by rising incomes, steady job growth, and resilient tenant demand despite a softer national economic backdrop. Median household income grew to $74,000, up 3.2% year-over-year, while nonfarm employment reached 398,100 jobs. The unemployment rate edged up to 4.2%, but population growth—though moderating to 0.6%—continues to outpace the national rate and fuel demand for housing and services.

Vacancy and Absorption
Overall, industrial vacancy increased slightly to 6.6%, as new development continues to outpace absorption. Year-to-date net absorption stands at –413,186 square feet, reflecting slower activity in select submarkets, particularly Southeast Tucson. Despite the negative absorption, demand from logistics, e-commerce, and traditional industrial users remains healthy, especially in the Airport and Northwest submarkets.

Construction & Pipeline
A total of 906,855 square feet was under construction at the end of Q3, with the Airport area leading activity. No major projects were delivered this quarter, though several speculative buildings are scheduled through early 2026 and are expected to push vacancy higher upon completion. Key 2025 completions to date include Mueller Inc. (24,984 SF) and Avanti (20,900 SF).

Leasing Activity
The largest lease this quarter was Werner Aero (30,000 SF) at 845 E. Ohio Street, followed by Stevens Equipment Supply (24,822 SF) and Lennox Industries (11,166 SF, renewal). Activity was strongest in the Airport, Northwest, and Palo Verde submarkets, with user demand remaining steady even as clean-energy-related site searches paused.

Investment Sales
Sales volume was limited but supported by solid fundamentals. Notable transactions included two large assets traded as part of a national portfolio: 3780 E. Valencia Rd. (259,279 SF) and 6690 S. Alvernon Way (244,889 SF), both sold from Bridge Investment Group to Apollo Global Management. Other sales included assets in Downtown, Park/Ajo, and Palo Verde priced between $43–$560 PSF.

Pricing & Rents
Average asking rents held steady at $0.83 per square foot per month, unchanged from Q2 as developers balanced rising construction costs with moderated demand. Single-tenant buildings with yard space remain the most competitive, supporting stable rents across core industrial corridors.

Outlook
The market is positioned for continued stability heading into 2026, with moderate leasing demand, a cautious investment environment, and a substantial speculative construction pipeline that will shape future vacancy and rent trends.

Read the full report here.

Tucson, AZ (November 13, 2025) Northmarq’s Phoenix-based Multifamily Investment Sales team — led by Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca — brokered the $31.734 million ($101,711 per unit) sale of Ventura Villas, a 312-unit multifamily community located at 6200 S. Campbell Ave. in Tucson, Arizona.

Northmarq represented the seller, RDM Tucson, LLC. The buyer was Pacific Transwest – Nevada, Inc.

“This transaction underscores the growing momentum of capital flowing into Tucson’s multifamily sector,” said Hudson. “At a price per unit of $101,712, the buyer recognized not only the intrinsic value of Ventura Villas but also the upside potential in a market that’s increasingly favoring value-add strategies.”

Built in 1989, Ventura Villas features one- and two-bedroom apartment homes, averaging 606 square feet. The community features a resort-style swimming pool, basketball court, playground, laundry facilities, and more.

Located in South Tucson, the market continues to experience unprecedented job growth and major economic development, fueling demand for multifamily housing.

“Tucson is attracting new attention as one of the top emerging multifamily markets in 2025, and this deal reflects a broader trend: capital seeking disciplined entry points where performance can be improved with focused upgrades, operational efficiencies, and strong underwriting discipline,” Hudson added.

For more information, Koskovich can be reached at 602.952.4040, Hudson is at 602.952.4042, and Baca is at  602.952.4052.

Source: RED Comp #12137.