Karen Schutte

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Major Retail Acquisitions Signal Strong Investor Confidence in Tucson’s Historic 4th Avenue

TUCSON, ARIZONA (May 7, 2025) — Two prominent retail buildings in Tucson’s iconic Historic 4th Avenue Commercial District changed hands in separate transactions on April 9, reflecting continued investor interest in the city’s walkable, culturally rich urban core. In the first deal, Western American Investments, LLC, a Scottsdale-based real estate investment firm, acquired the fully […]

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Phoenix Investor Acquires 28-Unit Tucson Portfolio for $3.42 Million

TUCSON, ARIZONA (May 6, 2025) – RW Adelaide, a Phoenix-based investment entity affiliated with RW Partners, has acquired a three-property multifamily portfolio in central Tucson for $3,420,000, or approximately $122,143 per unit. The seller was Shelwood Forrest, LLC of Golden, Colorado. The portfolio includes properties located at 1415 E. Adelaide Drive, 1503 E. Adelaide Drive,

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Former Kneaders to Be Transformed into Angie’s First Sit-Down Restaurant

TUCSON, AZ (May 7, 2025) — Scottsdale-based Plato Holdings has acquired the former Kneaders Bakery & Café at 135 S. Wilmot Road in Tucson for $2,300,000 ($508.84 PSF), which equates to $508.85 per square foot. The 4,520-square-foot freestanding building will be repurposed as Angie’s Prime Grill, a growing fast-casual concept known for serving USDA Prime steaks,

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