TUCSON, AZ (October 24, 2025) — The Golden Corral Restaurant located at 4380 E. 22nd Street in Tucson’s East submarket has sold for $2,000,000 ($175 PSF) in an investment transaction recorded on September 30, 2025.

The buyer, Tucson GC LLC, an Arizona entity affiliated with Vasquez Hospitality, acquired the 11,428-square-foot restaurant property from Golden Southwest Financial Group for investment purposes. Following the closing, records show the property was subsequently transferred in a non-arm’s-length transaction to an affiliate company, Vytech, Inc.

Built in 1995, the free-standing restaurant sits on 2.36 acres and remains an operational Golden Corral at the time of sale.

The seller, Dale P. Schaufel, President and CEO of Golden Southwest Financial Group, was self-represented, as was Reymundo Vasquez, Member of Tucson GC LLC.

The transaction underscores continuing investor appetite for stabilized restaurant assets in high-traffic Tucson corridors, especially those backed by national franchise tenants and strong operational performance.

Source: RED Comp #12128

Hub on Campus Tempe will offer 1,957 beds for students attending Arizona State University. (Rendering courtesy of Core Spaces, RSP Architects)

TEMPE, ARIZONA — A joint venture between Core Spaces and Wexford Developments has broken ground on Hub on Campus Tempe, a 30-story, 1,957-bed student housing tower located near the Arizona State University campus in downtown Tempe. The high-rise is scheduled for completion in summer 2028 and will feature a rooftop amenity deck and ground-floor retail space.

Kennedy Wilson provided the construction financing, with TSB Capital Advisors consulting on the transaction. The project team includes Findorff as general contractor and RSP Architects as design lead, while Core Spaces will manage the property upon completion. Core’s in-house design team is also leading the interior design.

The development site was formerly home to the historic Harry Walker House, known locally as the House of Tricks restaurant. The structure has been relocated near Tempe City Hall on Fifth Street for future preservation and restoration. The development team is also working to protect the nearby First Congregational Church, which will transfer to city ownership for long-term preservation.

“This development will provide much-needed housing while also keeping the city’s historic landmarks part of the evolving landscape,” said Doug Tichenor, Senior Director of Entitlements at Core Spaces. “We see this project as a place that adds to and reflects the character, energy and history of this community.”

Tempe Mayor Corey Woods added, “Tempe’s growth gives us the opportunity, and the responsibility, to invest in housing that strengthens our community while preserving the stories and landmarks that define who we are.”

Core Spaces previously developed and sold the first Hub on Campus Tempe in 2013 (now University House) and delivered ōLiv Tempe in 2020, which it continues to own and operate. The Chicago-based company’s national student housing portfolio includes more than 48,000 beds owned or managed, with another 49,800 beds in development. Its build-to-rent division adds more than 3,000 homes across high-growth U.S. markets.

Wexford Developments, with offices in Calgary and West Palm Beach, Florida, has an established presence in Tempe through its ownership and operation of multiple residential, hospitality, and restaurant properties in the downtown core.

Tucson, Ariz.  (October 24, 2025) – CBRE announced that Jason Shaltiel has joined its Tucson office as a senior associate, specializing in leasing and sales and representing owners and occupiers of office and medical office properties in the Tucson market.

“We’re thrilled to welcome Jason to CBRE,” said Jeff Casper, CBRE’s first vice president and Tucson market leader. “His expertise in office and medical office brokerage, combined with his collaborative approach and strong client relationships, makes him a valuable addition to our Tucson team.”

Shaltiel joins CBRE from Cushman & Wakefield | PICOR, where he advised and represented owners, occupiers, and investors in office leasing and sales. He launched his real estate career with a high-producing boutique residential brokerage before transitioning to commercial real estate, where he quickly became a well-respected office broker.

Before this role, he gained more than a decade of sales and marketing experience. He had served as manager of several recruitment desks worldwide for MASA Israel Journey, an international nonprofit. He was recognized as the top recruiter within his first year at the organization.

“I am excited to join CBRE. The firm’s global platform, collaborative culture and deep market expertise will allow us to deliver even greater value to clients in Southern Arizona,” said Shaltiel

Shaltiel holds a bachelor’s degree from Baruch College in New York and is very active in the community, volunteering his time with Felicia’s Farm, REAP (Real Estate Allied Professionals), Tucson Community Kollel, and is a member of the Jewish Philanthropies of Southern Arizona governance committee.