Tucson, AZ Business

La Encantada in Tucson sells for $165.25M

JLL Capital Markets announced today that it has closed the $165.25 million sale of and secured $102 million in acquisition financing for La Encantada, a 246,256-square-foot, open-air lifestyle center in Tucson, Arizona. JLL represented the seller, Macerich Company. A group of local investors purchased the asset in a strategic sale....
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Tucson foothills shopping center sells for $172M

The upscale shopping center at the base of the Catalina Foothills has been sold to local investors. La Encantada, at Skyline Drive and Campbell Avenue, was bought by Ft. Lowell View Delaware LLC, HSL La Encantada Investors Delaware LLC, Iridius La Encantada TIC LLC and La Encantada Investors LLC for $172 million, records from the Pima County Recorder’s Office show.
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Arizona Daily Wildcat

The last Summer Night Market of the year at MSA Annex

A sign painted on one of the modified shipping containers at MSA Annex, located at 267 S. Avenida del Convento. With the month of September coming to a close, the MSA Annex is holding their last Summer Night Market of 2021 on Sept. 24. An expansion of the Mercado San...

Tucson Metro Chamber Announces Leadership Change

The Tucson Metro Chamber board of directors has announced that President and CEO Amber Smith has resigned from her position following the successful completion of several major milestones, including the Chamber’s new strategic plan. Following Smith’s resignation, the board named Michael Guymon, Chamber executive VP, as the Chamber’s new interim...

Tucson women, rural and Spanish-speaking entrepreneurs to get federal boost

Startups led by women and Spanish-speaking and rural food entrepreneurs will get a boost from $100,000 in federal funding recently awarded to the University of Arizona Center for Innovation and Startup Tucson. Each organization won $50,000 in prize money from the U.S. Small Business Administration Growth Accelerator Fund Competition, taking...

Amazon to open distribution facility in Marana

TUCSON, Ariz. (KOLD News 13) - Sun Corridor Inc. announced on Wednesday, Sept. 22, that Amazon plans to open a distribution facility in Marana. The Silverbell Gateway Distribution Center is expected to create hundreds of jobs with an economic impact of $4.3 million over the next five years, according to the announcement.

Macerich Co. Sells La Encantada Lifestyle Center in Tucson for $165.2M

TUCSON, ARIZ. — Macerich Co. has completed the disposition of La Encantada, an open-air lifestyle center in Tucson. A group of local investors acquired the property for $165.2 million. JLL Capital Markets arranged a $102 million acquisition loan for the buyer. Completed in 2003, La Encantada offers 246,256 square feet...

Startup Tucson, UArizona Center for Innovation Get $50,000 Each from SBA

As further evidence that Tucson’s innovation ecosystem is a rising star at the national level, both Startup Tucson and The University of Arizona Center for Innovation each secured $50,000 in prize money from the U.S. Small Business Administration. Tucson secured two out of the three Growth Accelerator Fund Competition prizes...

Tucson home listings for people who need a lot of living space

Browse Tucson homes over 4,000 square feet in size. Welcome to Eleven Arches, also known as the Grace Mansion. The historic trophy property was built in 1937, by notable architect Josias Joesler, as a winter residence for Louise N. Grace, the heiress of eastern shipping magnate W.R.Grace. The privately walled and gated enclave is situated on 4.38 acres, within the prestigious gated community of The Estates at Eleven Arches, a prime location in the heart of the Catalina Foothills. After a five year restoration by the current owners, the property was listed on the National Register of Historic Places. The magnificent Tucson Landmark exemplifies Joesler's iconic late 19th and 20th Century Revival architectural style, and is famous for its residents, guests, events, architecture and location. The distinctive estate is a world unto itself, offering 15,502 square feet of living spaces, resort-like grounds, complete privacy, unrivaled city views, and majestic mountain views. Exceptionally restored to capture its history, combined with today's amenities, the estate exudes a warm and intimate feeling for everyday living, yet provides the perfect venue for grand scale entertaining. The stately south yard offers panoramic city views, an oversized pool, multiple seating areas, covered patios, a picturesque breezeway, and ample space to host over 250 guests. The area between the property wall and property line on this oversized lot has room to build, measuring an incredible 2.389 acres and fits over 70 parked cars. The privately gated drive reveals the first sight of prominent elegance. A true masterpiece, built primarily of mud adobe, with 24" exterior walls. The light-filled interior spaces are graciously scaled, with a terrace access off almost every room. The main residence features interior 14" walls with integrally colored platinum grade Gypsum plaster. The formal dining room features exquisite waxed lime-marbled dust Italian plaster. The residence is an art collectors dream lined with a gallery quality hanging system and lighting. Notable property features include a 600 ft deep steel cased private water well in addition to city water, 9,948 sqft. main residence, 5,553 sqft. detached guest quarters and a total of 10 bedrooms and 12 bathrooms. At a glance in the main residence, the main level features a grand entry hall, two-story foyer, formal living room, formal dining room, chef's kitchen with a dining area, butlers pantry, laundry room, and two guest powder rooms. The master bedroom wing, also on the main level, includes a media room with a full bathroom, office, his/hers bathrooms and closets, and a private serene terrace. The second level has two generously scaled guest bedrooms with en-suite baths, each with a private balcony displaying infinite city vistas. The dramatic staircase in the grand entry hall leads to the guest bedrooms, which can also be accessed by an elevator. The guest quarter casitas offer endless possibilities: home office, gym, art studio, wine cellar, staff quarters. Storage quarters can easily be converted into an additional casita. Casita One offers four bedrooms, three bathrooms, kitchen, living area, fireplace, private patio. Casita Two includes two bedrooms, one full bath. Casita Three has one bedroom, one bath. Additional amenities include: HVAC zoned, Sonos sound system in the main residence, commercial grade water softener. Oversized detached 4 car garage with workshop, detached 1 car garage for guest quarters. Chef's kitchen features appliances by Viking, Fisher & Paykel, Miele and Sub-Zero. A truly inspiring lifestyle awaits, come and see for yourself. See video and documents tab for additional information, including floorplans, and video. Historical documents, restoration and notable features list available. Recent survey and appraisal available upon request.

Mission Garden still growing, despite weather and world extremes

Being one of the longest continually inhabited and farmed areas in North America, it should come as no surprise Mission Garden on the flanks of Sentinel Peak was well-poised to survive both pandemic and drought. Mission Garden is one of the main projects of the nonprofit Friends of Tucson’s Birthplace,...

Federal contracts awarded to Tucson-area businesses since Sept. 15

The following federal contracts were announced by federal agencies as having been awarded to companies operating in Tucson since Sept 15:. • Sargent Aerospace & Defense won a federal contract award for $437,588 from the U.S. Navy, Mechanicsburg, Pennsylvania, for nonpowered valves. • Catalina Geosciences won a federal contract award...

Business awards earned in Tucson and Southern Arizona

Pima Community College: PCC Dean of Enrollment Management David Arellano is one of 24 community college leaders nationwide chosen for the National Community College Hispanic Council’s Leadership Fellows Program for 2021. The program develops Latinx education leaders for increasingly responsible administrative positions, including community college presidencies. A native Tucsonan, Arellano has worked at Pima since 2006. He is responsible for administrative oversight and leadership for enrollment and student services operations.

Town West Realty, HSL Properties, Iridius Capital Buy La Encantada

Local investors Town West Realty, HSL Properties and Iridius Capital have announced they joined forces to purchase La Encantada, Southern Arizona’s premier lifestyle center. Featuring AJ’s Fine Foods, a variety of luxury retailers and several upscale restaurants in a beautiful outdoor setting at the base of the Santa Catalina Mountain Range, La Encantada was developed in the early 2000s and has been the premier gathering place of the Catalina Foothills ever since.

Practice Building for Sale in Tucson AZ

Thriving practice for sale in Tucson, AZ combining the services of chiropractic, massage & rehab. Collected over $400,000 in 2020 (despite COVID!) thanks to a steady stream of loyal patients, referrals from the community & a strategic location near a large medical practice and hospital. Tons of growth potential too – Current owner only works 24 hrs/wk — but enjoying a healthy six-figure salary! For buyers who wish to purchase BOTH the business AND the building, that option is open as well. This practice qualifies for financing with as little as $16,000 down! For more info, see or email