TUCSON, ARIZONA — The Rio Nuevo Board unanimously approved the 2023 budget for their fiscal year July 1, 2022, through June 30, 2023. The Board expects that its sales tax revenue base to be approximately $1.25 million per month, making it close to historical collections.

The Board acknowledged they hope to have approximately $3 million to invest in downtown projects in Fiscal Year 23, following the completion of the TCC renovations.

After the announcement that 1055 Brewing would be moving out of their space on Congress, the Board agreed to spend $300,000 to assist Patricia Schwabe, the operator of the restaurant Penca, with the remodel and management of the former 1055 restaurant. This assures that the space will continue to serve the community and also retain the former 1055 Brewing employees.

The new concept will be a lunch, happy hour, and dinner concept and Schwabe is naming the new restaurant after a former tenant of the space in 1914, Blue Front.

The Board also offered to consider helping the owners of the Boxyard on 4th Avenue launch a similar operation at 6th Avenue and Broadway, which will require a significant amount of utility work to enable development on that corner. More detailed plans for the container venue will be heard in June.

The Rio Nuevo Board has approved numerous food and beverage assistance projects in the last several weeks including: Tabu, La Chingada, Cruda, Ceres, The Neighborhood, Highwire, The Citizen Hotel, Sand Reckoner Winery, The Cadence, BATA and Love Burger.

These establishments join The Delta, The Monica, Ezbachi, El Mezquite and Perche No in activating nearly 60 restaurants in downtown, which is rapidly becoming the food destination of Tucson.

This was further embellished when Chairman McCusker discussed Rio Nuevo’s role in helping to bring the Bravo Network’s “Top Chef” food show to Tucson for the season finale. Acknowledging Tucson’s status as an international City of Gastronomy, the series will visit the iconic El Charro, as well as Mission Garden and other area restaurants. Chairman McCusker said during the meeting “If you want to open a restaurant in downtown Tucson, come see us, we will help you.”

Finally, the Board approved the incentives for The Cadence converting from student housing to market rate apartments with ground floor food and beverage.

TUCSON, ARIZ.  – The two longest-running and most respected real estate news sources in Southern Arizona – TREND report and Real Estate Daily News – will operate under one management, according to Karen Schutte, current editor/publisher of Real Estate Daily News. Schutte will also serve as editor/publisher of TREND report.

TREND report, a monthly publication, provides insight into changing opportunities in the commercial real estate market through insightful articles written by industry experts. The TREND report joins the family of Real Estate Daily News, a daily online publication on real estate and the economy, and RED Comps, a comprehensive subscription-based searchable database for commercial sales comps in southern Arizona.

“Joining forces with The Real Estate Daily News and RED Comps creates a win-win for TREND report subscribers and advertisers, who will now have premier access and exposure to regional real estate trends and deal makers,” said Lucinda Smedley, founder of TREND report.

Schutte will oversee the daily operation of both news sources and Smedley will continue as a professional advisor at the TREND report.

“I have been collaborating with Lucinda and her team at TREND report long enough to recognize that trends are a CEO-level ‘problem and solution’ because suddenly, every organization needs to evaluate if they have the right products, right markets, and right services in these changing times,” Schutte said. “My role at The Real Estate Daily News and RED Comps will remain unaltered, continuing to shine a light on commercial real estate deals every day.

“I look forward to taking TREND report to its next level,” Schutte said. “No one can predict the future; however, as we emerge from a new crisis, the Roaring 20s seem to be returning with all the innovations and inventions within the chaos.”

In times of rapid change such as these, consumer trends are crucial. The rate of change we’re currently experiencing is profound. Our standard way of doing things— whether conducting business, taking care of our families, or simply getting around our cities—is being turned upside down. Trends provide the industry with clues to decipher emerging needs, shifts in opportunity, and changes in consumer behavior whether it be in real estate or consumer goods.

To learn more, contact TREND report and Real Estate Daily News at (520) 877-2656 or visit the websites www.TrendReportAZ.com and www.RealEstateDaily-News.com

New Executive Position to Focus on Legal, Compliance, and Business Systems for National Expansion

SCOTTSDALE, Arizona — Zoned Properties®, Inc. (the “Company” or “Zoned Properties”) (OTCQB: ZDPY), a leading real estate development firm for emerging and highly regulated industries including legalized cannabis, today announced the appointment of Daniel Gauthier as Chief Legal Officer. In his capacity as Chief Legal Officer, Gauthier will serve multiple related roles for Zoned Properties, including Chief Compliance Officer and Corporate Secretary of the corporation.

Gauthier is also an attorney at Rose Law Group PC, a law firm based in Scottsdale, Arizona, which has a long-standing history of serving clients in emerging and innovative markets including the regulated cannabis space. Gauthier’s practice is comprised of a broad range of corporate, commercial, and real estate transactions. He received his J.D. from Sandra Day O’Connor College of Law and his B.A. from University of Arizona.

For the past several years, Gauthier has provided the Zoned Properties team with exceptional legal and business services as outside transactional counsel related to the Company’s commercial real estate services. As Zoned Properties executes on scaling its commercial real estate development model nationally, Gauthier will play an instrumental role in leading the advancement of the Company’s corporate structure from a legal, compliance, and business strategy perspective.

“Zoned Properties is a pioneer in the regulated commercial real estate industry. After working with the Company for several years and seeing firsthand their community-driven, innovative approach to commercial real estate development, I knew I wanted to join Zoned Properties in their efforts to expand nationally as a leader in this rapidly-emerging and evolving industry. I look forward to bringing another layer of expertise to support the Company’s integrative national growth strategy and business model by contributing my legal and regulatory insight from mainstream and emerging markets,” said Gauthier, Chief Legal Officer for Zoned Properties.

Gauthier will join Bryan McLaren, Chief Executive Officer, and Berekk Blackwell, Chief Operating Officer, as Zoned Properties continues to fortify its executive team, attracting talented individuals that can contribute meaningfully to the Company’s mission, vision, and values. The investment in new executive talent will contribute to the Company’s ability to execute on its national expansion plans with strong business systems and governance in place to manage growth.

“Dan has been absolutely essential to the launch of our advanced client offerings at Zoned Properties, contributing directly to the strategic integration of our commercial real estate services. For the past few years, he has played an integral role in developing our full-spectrum approach to commercial real estate development through purpose-built solutions for complex and highly regulated industries,” said Bryan McLaren, Chief Executive Officer of Zoned Properties.

Zoned Properties is a leading real estate development firm for emerging and highly regulated industries, including regulated cannabis. The company is redefining the approach to commercial real estate investment through its integrated growth services.

Headquartered in Scottsdale, Arizona, Zoned Properties has developed a full spectrum of integrated growth services to support its real estate development model; the Company’s Property Technology, Advisory Services, Commercial Brokerage, and Investment Portfolio collectively cross-pollinate within the model to drive project value associated with complex real estate projects. With national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries.

Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. For more information, call 877-360-8839 or visit www.ZonedProperties.com.

PHOTO: Dan Gauthier, Chief Legal Officer of Zoned Properties