Karen Schutte

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Editor’s Insight: Culture Is an Asset — But It Is Not a Substitute for Economic Development

TUCSON (May 11, 2026) — “Expanding Tucson’s Cultural Heritage Economy,” Tucson’s Bloomberg Harvard project, as discussed at the Mayor and Council meeting on April 21, deserves careful public attention because the city’s cultural identity is one of its greatest strengths. Its food traditions, artists, festivals, historic neighborhoods, and UNESCO City of Gastronomy designation are real

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Openings & Closures: Tucson Market Remains Active as New Concepts Open and Legacy Businesses Exit

TUCSON, AZ (May 11, 2026) — Tucson’s retail, restaurant, healthcare, and service sectors continued to show steady movement this spring, with openings & closures showing several new openings, relocations, and expansions across the region, even as long-running local businesses announced closures. As the Tucson market evolves, the theme of Openings & Closures continues to play

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Institutional Property Advisors Brokers Multifamily $33M Asset Sale in Tucson

TUCSON, Ariz., (May 8, 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 River Oaks, a 300-unit multifamily property at 7730 East Broadway Blvd in Tucson, for $33 million, or $110,000 per unit.  “Post-Covid multifamily operational headwinds realized throughout the Greater Tucson

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