Basileus Capital Acquires South Tucson Industrial Building for $650,000

 South Tucson Industrial

TUCSON, AZ (October 16, 2025)Basileus Capital, LLC has purchased a 5,867-square-foot South Tucson industrial building located at 3231 E. 46th Street in Tucson for $650,000 ($111 PSF). The property was sold by Xtremeone, LLCPaul Hooker, SIOR, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller, while Susan McCall of Commercial Property Connect, LLC, represented the buyer.

The freestanding building is situated in Tucson’s South Industrial submarket, an area known for its proximity to I-10, Tucson International Airport, and major distribution corridors along Palo Verde and Irvington Roads. The property offers flexible warehouse and office space, multiple grade-level doors, and secure fenced yard storage — features ideal for light industrial, service, or logistics-oriented users.

The sale underscores continued interest from private investors and owner-users seeking smaller, well-located industrial assets in a tightening market characterized by low vacancy rates and steady rental growth. South Tucson’s industrial corridor has seen increased absorption in 2025 as businesses expand operations to serve the growing manufacturing, construction, and logistics sectors tied to regional supply chain growth.

According to Hooker, the property’s functionality and access made it an appealing acquisition for Basileus Capital, which plans to reposition the building for specialized industrial use.

“Demand remains strong for small to mid-sized industrial buildings under 10,000 square feet,” Hooker said. “These properties rarely stay on the market long, particularly in central locations with easy freeway access.”

For more information, Hooker can be reached at 520.546.2704, and McCall is at 480.452.6731.




IFMA Greater Phoenix Chapter wins big at 2025 Awards of Excellence; claims Large Chapter of the Year honor

IFMA

TEMPE, ARIZ. (October 16, 2025) ‒ The IFMA Greater Phoenix Chapter is proud to announce a double victory at the 2025 Awards of Excellence, held during IFMA’s 45th annual World Workplace Conference and Expo in Minneapolis, Minnesota.

The chapter was honored with the prestigious Large Chapter of the Year award, and the Greater Phoenix Student Chapter of IFMA at Arizona State University earned the title of Student Chapter of the Year.

These accolades reflect the chapter’s unwavering commitment to advancing the facility management profession and fostering a vibrant, inclusive community of FM professionals and students.

Leading the charge was Immediate Past President Monisa Manju Nagarajan Gomathi, CFM, FMP, SFP, FMG, whose visionary leadership and infectious ambition energized the board and inspired a wave of impactful initiatives. Her legacy continues to shine through the chapter’s dynamic committees and member-driven programs.

“As the IFMA Greater Phoenix Chapter celebrates its 40th anniversary, this milestone is a moment of pride and gratitude. It reflects the dedication of our chapter board and volunteers, and honors those who came before us and laid the foundation for lasting impact within the facility management profession,” said Gomathi, Senior Project Manager – Facilities Services with Terracon.

The torch has now been passed to David Ramirez, CFM, LEED AP BDC, CEAS, with APS, who brings a bold vision for the future. Under his leadership, the chapter aims to expand its reach by welcoming more facilities teams into its membership, supporting professional development, and strengthening the FM career pipeline. The chapter also plans to spotlight the incredible facilities across Metro Phoenix through engaging campaigns and educational events.

The Awards of Excellence recognize outstanding contributions to IFMA and the facility management industry across 18 categories. Winners were selected by panels of industry experts who evaluated nominees based on category-specific criteria, innovation, and impact.

“Recognizing the significant role that individuals have played in advancing IFMA and FM has been a part of our DNA from the beginning,” said IFMA President & CEO Michael V. Geary, CAE. “We honor those who drive progress and set new standards of excellence.”

Upcoming chapter events:

The Annual Charity Golf Tournament presented by SDB Contracting Services will be held Nov. 7, at the Arizona Biltmore Golf Club. The event sold out of tee boxes and foursomes in record time. Raffle prize ticket sales will benefit Girls Can Build, Lokahi Teams, and the IFMA Foundation.

The chapter will celebrate its 40th anniversary at its Annual Holiday Party presented by TEPCON at G Collection Cars, 602 N. Hayden Road, in Scottsdale. Sponsorship opportunities are open for the 80s theme party. Contact [email protected] for questions or information on sponsorships.

PHOTO CAPTION: Celebrating the victory for Large Chapter of the Year are (left to right) Global IFMA Chair Christa DoDoo; Phoenix Chapter President David Ramirez; Phoenix Chapter Past President Monisa “MJ” Gomathi; and chapter board members and staff Jared Spangler, Kathleen Severson, Pete Peralta, Kimilee Cates, Marshall MacFarlane, Ted Ritter, and Kristy Schlesselman.




Ballet Tucson Receives $100,000 Grant from the Reinhaus Family Foundation

Ballet Tucson

In Support of Arts Education and Scholarship Programs (Photo by Carlos Chavez)

Tucson, AZ (October 16, 2025) — Ballet Tucson is honored to announce a transformative $100,000 gift from the Reinhaus Family Foundation, a significant increase from their previous support. This generous funding will directly strengthen Ballet Tucson’s education and scholarship initiatives, ensuring that more young dancers in Southern Arizona have access to high-quality ballet training and opportunities to pursue their artistic dreams.

The Reinhaus Family Foundation was founded by Stanley M. Reinhaus who attended UA College of Pharmacy. The foundation focuses on providing scholarships to pharmacy college students and grants to further educational opportunities. The Reinhaus Family Foundation’s commitment comes at a pivotal time as Ballet Tucson expands its reach to serve more students through its School of Ballet Tucson, community outreach programs including Best Foot Forward, and need-based scholarships. With this increased investment, Ballet Tucson will be able to broaden access for aspiring dancers who might otherwise face financial barriers to training, performance opportunities, and mentorship from professional artists.

“The Reinhaus Family Foundation’s extraordinary generosity reflects our shared belief in the power of the arts to transform lives,” said Margaret Mullin, Artistic Director of Ballet Tucson. “This support allows us to expand scholarships and enhance our educational programming, helping us nurture the next generation of dancers and arts leaders. As an alumna of The School of Ballet Tucson and a former financial aid student, this is very meaningful to me, and I am tremendously grateful to the Reinhaus Family Foundation for their support

Hector Correles, Vice President with The Reinhaus Family Foundation shares, “The Reinhaus Family Foundation proudly supports Ballet Tucson because we believe in the power of the arts to enrich our community, inspire creativity, and elevate cultural excellence. Ballet Tucson’s commitment to the arts and education aligns with our values and vision for a vibrant, inclusive future for Tucson and Southern Arizona.”

The Reinhaus Family Foundation’s expanded investment in Ballet Tucson ensures that the joy and discipline of ballet remain accessible to all, enriching the Tucson community for years to come.