TUCSON, ARIZONA (Aug. 12, 2026) — Cruztel de Sonora LLC, an entity represented by veteran mining executive Jesse S. Muñoz and Leslie Muñoz, purchased The Watermark Building at 2020 W. Rudasill Road in northwest Tucson for $2.135 million.

The approximately 8,906-square-foot office building is situated on one acre near La Cholla Boulevard and Orange Grove Road. The transaction closed July 28, 2026. The sale equates to approximately $239.73 per square foot. Cruztel de Sonora acquired the property to owner-occupy it.

Muñoz is Executive Director and owner of Tucson-based Tes Oro Mining Group LLC, a mining consulting and project development firm serving domestic and international mining operations. According to the Tes Oro website, Muñoz has more than 33 years of experience in the mining sector, including management roles with the American Girl, El Dorado, and Western Mesquite mines. He has also served as Director and Chief Operating Officer of Marlin Gold Mining Ltd. and as COO of Mako Mining Corp.

Tes Oro provides services throughout the mining development cycle, including exploration, project evaluation, engineering, metallurgy, mine development, construction management, commissioning and operations. Its work includes projects in Mexico and Latin America.

The buyer was represented in the Rudasill Road acquisition by Ryan McGregor of Cushman & Wakefield | PICOR.

The seller, Watermark 2020 LLC, an affiliate of Watermark Retirement Communities, was represented by Gordon Wagner and Ben Craney of NAI Horizon.

Built in 1997 with an additional 1,160 square feet constructed in 1998, the two- and three-story building includes approximately 1,184 square feet of basement space housing a server room, studio, and storage area. The property sits within The Fountains at La Cholla development.

The acquisition will provide an owner-occupied Tucson location for Muñoz’s mining-related business activities.

For more information, Wagner can be reached at 520.326.2200, and Craney is at 520.326.4500. McGregor should be reached at 520.271.2657.

Source: RED Comp #12638

TUCSON, ARIZONA (Aug. 11, 2026) — Tenet Equity Funding SPE II LLC purchased approximately 3.41 acres at Houghton Town Center in southeast Tucson for $2.819 million, where a new Mountainside Fitness center is planned.

The sale closed July 17, 2026, for $2,819,391. The acquisition includes Lots 44, 45 and 46, together with a portion of Lot 47 at Houghton Town Center. The seller was Houghton Developers LLC, an affiliate of Diamond Ventures.

Based on the recorded lot areas and the metes and bounds description for the portion of Lot 47, the property totals approximately 148,400 square feet, or 3.41 acres. The purchase price equates to approximately $826,800 per acre and $19.00 per square foot.

The buyer plans to develop a 40,579-square-foot fitness center at 10084 E. Old Vail Road near Houghton Road for Mountainside Fitness.  A building permit has been issued, and ground work has already begun.

The project is part of Mountainside Fitness’ expansion into Tucson and Southern Arizona. The longtime Arizona fitness operator has announced plans for three Tucson-area clubs in Oro Valley, Vail and Marana, with the potential for a fourth location in the market.

In Oro Valley, Mountainside Fitness will occupy approximately 45,000 square feet formerly occupied by Ashley Furniture at Oro Valley Marketplace, at the southwest corner of Oracle and Tangerine roads. New approximately 40,000-square-foot standalone facilities are planned at Houghton Town Center in Vail and at a new retail center near the northeast corner of Twin Peaks Road and Interstate 10 in Marana.

Development costs are expected to range from $11 million to $12 million per location, representing approximately $33 million in investment across the first three Southern Arizona clubs. Each location is expected to employ between 100 and 120 people.

The new Houghton Town Center club will bring Mountainside Fitness’ full-service concept to the rapidly growing southeast Tucson market. The company’s fitness centers typically include extensive strength and cardio areas, group fitness studios and a range of health and wellness amenities.

Founded in Arizona in 1991, Mountainside Fitness operates 22 fitness centers in the Phoenix metropolitan area and is continuing its statewide expansion, including a 23rd Valley location planned at Morrison Ranch in Gilbert.

Tenet Equity, based in Scottsdale, specializes in single-tenant real estate investments and net lease transactions.

The Houghton Town Center club will be Mountainside Fitness’ second Tucson-area location, following its planned August 2026 opening at Oro Valley Marketplace at 12155 N. Oracle Road. The Oro Valley Marketplace directory itself still shows Mountainside as “Coming Soon”.

Houghton Town Center continues to expand along the Houghton Road and Old Vail Road corridor, serving the growing Rita Ranch, Vail and southeast Tucson areas. Mountainside’s current site now describes Houghton Town Center as “Rita Ranch,” rather than Vail.

Source: RED Comp #12619

Best-selling author Amy Jo Martin to serve as keynote speaker

 PHOENIX, (August 11, 2026) – Tickets are on sale now for the third annual Arizona Commercial Real Estate Women (AZCREW) Woman ICON event, honoring a trailblazing woman in commercial real estate who has demonstrated exceptional leadership and innovation, paving the way for future generations.

The celebration will be held Wednesday, Sept. 16, from 4 p.m. to 7 p.m. at the Phoenix Art Museum, 1625 N. Central Ave. in Phoenix, and will include networking, appetizers, cocktails and the event program. Guests can enjoy additional networking and complimentary museum visiting hours following the event.

Tickets and sponsorships are open to members and non-members. Details are available on the 2026 Woman ICON Event Page.

The AZCREW 2026 Woman ICON winner will be announced at the event, along with the organization’s 2026 Rising ICON Scholarship recipient.

Amy Jo Martin will serve at the 2026 ICON event keynote speaker. Amy is an entrepreneur and author of the New York Times best-selling book, “Renegades Write the Rules,” and host of the “Why Not Now?” podcast. A former Phoenix Suns employee, Martin also founded Renegade Global, focused on encouraging human-centered innovation and accelerating leadership, with a special mission to help female founders and entrepreneurs thrive in business and leadership.

“Woman ICON has become one of AZCREW’s most anticipated traditions, and its impact reaches far beyond our membership into the broader commercial real estate community,” said AZCREW President Nicole Solar, with Olsson. “This event is a powerful reminder of our collective commitment to advancing women in our industry. By recognizing a Woman Icon, we are showcasing the leadership, talent and power that we have right here in Arizona.”

“The Rising ICON Scholarship is another key cornerstone of the 2026 ICON event,” said AZCREW President-Elect Carol Schillne, with ORION Investment Real Estate. “AZCREW is about opening doors for women. This scholarship carries that legacy forward in the most tangible way, by investing directly in the women who will lead our industry into the future.”

Sponsored by AZCREW members and former Woman ICON honorees Beth Jo Zeitzer of R.O.I. Properties and Jackie Orcutt of CBRE, the $5,000 scholarship offers funds for licenses, prep courses, exams and other professional development expenses for women who are new to brokerage, recent college graduates or current professionals looking to transition into commercial real estate brokerage.

The deadline to register for this year’s event is September 15, 2026.