TUCSON, Ariz. (Jan. 23, 2026) — The former Kneaders Bakery & Café building at 9660 N. Oracle Road in Oro Valley has sold for $2.1 million ($517.88 PSF) and is slated for conversion to a Jimmy John’s with a drive-thru.

The sale closed on December 29, 2025.

Taylor Investments Oro Valley LLC, managed by Derek Taylor, acquired the 4,055-square-foot freestanding retail/restaurant building (built in 2016) on 1.13 acres from Markham Oro Valley, LLC / RCG Oro Valley LLC. The property—located in The Canyons at Linda Vista Trail within La Reserve—includes an existing drive-thru and a large covered patio area of approximately 465 square feet.

Jimmy John’s plans to occupy the northern half of the building and lease the remaining 1,986 square feet to another retail or restaurant user, with a shared patio concept. The franchise is expected to open in spring 2026.

Marcus & Millichap’s Net Leased Advisors represented the seller, with Christopher Lind, Mark Ruble, and Zack House.  ViaOne Commercial Real Estate’s Conrad Wilkerson represented the buyer and is also handling the leasing for the Jimmy John’s franchisee.

For more information, contact Conrad Wilkerson at 480.747.4486.

Source: RED Comp #12281.

TUCSON, AZ (January 22, 2026) – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of Vertical East Apartments, a 109-unit multifamily property in Tucson, Arizona. The $22 million sales price equates to $201,834 per unit.

The sale closed on January 15, 2026.

“Transactions involving post-2000 vintage assets remain exceptionally rare, and when they do occur, they reflect a clear investor preference for modern, well-located product in supply-constrained markets like Tucson,” said Clint Wadlund, IPA managing director investments. “As Tucson multifamily sales velocity increased in 2025, it signals a clear investor thesis: Tucson is emerging as a destination where strategic capital, disciplined investment, and long-term value creation align,” said Hamid Panahi, IPA senior managing director investments. Wadlund, Panahi, and IPA’s Steve Gebing and Cliff David represented the seller, Vertical Street Ventures, and procured the buyer, Investor Capital Group.

The property is in Northeast Tucson, close to the Tucson Medical Center and the Santa Catalina Mountains. Downtown Tucson, the University of Arizona, Tucson Botanical Gardens, and Park Place Mall are within a short drive. The Mission Village and Catalina Villages shopping centers are less than one mile away.

Completed in 2001, Vertical East features two- and three-bedroom floor plans averaging 1,188 square feet. All units have washers and dryers, built-in microwaves, and dishwashers. Community amenities include carport parking, a swimming pool, spa, picnic area, and dog park.

To learn more, Hamid Panahi can be reaches at 520.719.6511 and Clint Wadlund is at 520.349.0621.

Source: RED Comp #12308

TUCSON, Ariz. (January 22, 2026)  — The Arizona Corporation Commission said in a written statement today that its TEP / Data Center December 2025 approval of Tucson Electric Power’s Energy Supply Agreement tied to Beale Infrastructure’s proposed data center remains in place after rehearing requests were not granted within the statutory deadline.

Under Arizona law, an application for rehearing is deemed denied if the Commission does not grant it within 20 days of filing. The ACC previously approved the special contract on December 3, 2025, citing customer protections, including minimum billing requirements, termination-related financial security, and staff findings that the agreement would not harm system reliability or shift costs to other customers.

The Commission’s latest position follows a series of challenges to the agreement, including a rehearing request announced by Arizona Attorney General Kris Mayes, who argued the contract raised oversight and rate-setting concerns tied to the large-load customer arrangement.

Separate track: Pima County lawsuit over rezoning process

The ACC action is unfolding alongside litigation in Pima County Superior Court targeting the county’s land-use approvals connected to the same project. A statutory special action complaint filed January 13, 2026, names Pima County and the Pima County Planning and Zoning Commission as defendants. The plaintiffs are No Desert Data Center, John “Rye” Whalen, and Meri Sias, represented by Hofmeyr Law, PLLC, and the Arizona Center for Law in the Public Interest.

The complaint specifically points to the Planning and Zoning Commission’s April 30, 2025, meeting and rezoning vote as a focal point of the alleged Open Meeting Law and notice violations.

In the filing, plaintiffs argue county staff and the commission failed to provide “accurate or meaningful notice” before that vote, alleging the agenda and materials did not clearly disclose the planned data center use and related sale negotiations at the time. The lawsuit seeks to have the rezoning declared invalid.

While the lawsuit does not directly overturn the ACC’s utility decision, it could affect the project’s timeline if a court voids the rezoning tied to the development site.

The lawsuit, according to the Arizona Luminaria, “is framed as a procedural challenge under Arizona’s Open Meeting Law—focusing on whether the meeting notice was sufficient—the requested outcome is substantial. The plaintiffs ask the court to void the Planning & Zoning Commission’s April 30, 2025, action that advanced the comprehensive plan amendment and rezoning tied to the project.”

Source: Real Estate Daily News summary of the complaint filed Jan. 13, 2026, No Desert Data Center et al. v. Pima County et al.