ORO VALLEY, Ariz. (October 10, 2025) – Redevelopment activity is officially underway at the Oro Valley Marketplace, marking the start of a multi-year transformation led by HSL Properties in partnership with Borderlands Construction and managed by Town West.

Phase 1, which began October 6, launches grading, utility relocation, and foundational work for Encantada at Oro Valley Marketplace, a 320-unit Class A apartment community located south of Tangerine Road. The phase also introduces new pedestrian connections, improved intersections, and a public neighborhood park situated between Walmart and Tuk Tuk Thai.

Construction Timeline

• October 2025: Water line relocation along Water Harvest Way

• November–December 2025: Pedestrian tunnel construction under Water Harvest Way, connecting the new apartment areas east and west of the roadway

• November 2025: Park construction begins

• January 2026: Intersection upgrades along Water Harvest Way, starting near In-N-Out Burger and extending toward Oracle Road

• January 2026–2027: Encantada apartments under construction, with completion expected by mid-to-late 2027

Crews began grading and salvaging native vegetation in September. During construction, temporary lane restrictions and truck traffic are anticipated, though Marketplace access will remain open during key retail periods, including Thanksgiving weekend and the December holiday season.

Revitalization Vision

Approved by the Oro Valley Town Council in 2023, the master redevelopment plan sets in motion a bold vision to transform the Oro Valley Marketplace into a vibrant, mixed-use destination that blends housing, hospitality, retail, and open space. Designed to enhance livability and create a true sense of place, the redevelopment aims to establish a walkable community hub where residents and visitors can live, shop, and gather.

“This redevelopment will make shopping, walking, and visiting safer and more enjoyable for residents and visitors alike,” said Town Manager Jeff Wilkins. “Designed to bring in more residents and attract additional customers, this is an important investment in Oro Valley’s long-term economic growth and quality of life.”

The master plan is divided into several key areas:

• Area 1: South of Tangerine Road, Encantada at Oro Valley Marketplace will introduce 320 luxury apartment units, adding new housing options and supporting local retail. Completion is anticipated in 2027.

• Area 2: Improvements along Water Harvest Way will deliver safer intersections, upgraded pedestrian walkways, and new connections between residential and commercial zones.

• Area 3: A public park will be developed between Walmart and Tuk Tuk Thai, providing an inviting outdoor space for recreation and community events.

Together, these projects mark the beginning of Oro Valley’s next generation of growth—linking residential life with commerce, culture, and community in one revitalized destination.

Looking Ahead

Construction activity will continue through 2027 as the Encantada community and infrastructure improvements take shape. Town West will coordinate communications with tenants and businesses, while the Town of Oro Valley will post regular progress updates on its project portal at OVProjects.com.

For more information, contact [email protected]

PHOENIX, Ariz. (October 10, 2025) – CBRE has released its Q3 2025 market figures for Phoenix’s industrial, office, and retail sectors, highlighting broad-based momentum as the metro region continues to attract investment and tenants across all asset classes.

Industrial: Absorption Surges as Vacancy Falls

Phoenix’s industrial market posted 6.4 million square feet of net absorption, the highest quarterly total since Q2 2022. Vacancy dropped 90 basis points to 11.0%, marking the second consecutive quarterly decline as large users continued to expand in the West Valley.

Fifteen new buildings totaling 2.3 million square feet delivered during the quarter, down 68% year-over-year, while another 10.9 million square feet remained under construction. Average asking rents held firm at $1.07 per sq. ft. NNN, reflecting less than a 1% decrease quarter-over-quarter.

Major lease transactions included CEVA Logistics (1.3 M SF) and Walmart (1.28 M SF) in Goodyear, underscoring continued demand for distribution and manufacturing space in Phoenix’s growing logistics corridor.

Office: Positive Absorption Returns

The Phoenix office market recorded 212,669 square feet of positive net absorption in Q3 2025, marking a welcome turnaround for the sector. The vacancy rate fell 30 basis points to 21.8%, while average full-service gross lease rates rose 0.9% year-over-year to $31.73 per sq. ft.

Leasing activity was led by tenants upgrading to quality space in core submarkets, with ongoing trends favoring hybrid-ready offices offering strong amenities and access to talent hubs across the metro.

Retail: Vacancy at Near-Record Low

Phoenix’s retail sector posted 358,329 square feet of positive net absorption and 1.5 million square feet of gross absorption in Q3 2025. Vacancy fell 10 basis points to 5.1%, roughly 400 basis points below the metro’s long-term average, while the average asking rent rose 2.6% quarter-over-quarter to $18.86 per sq. ft. NNN.

Deliveries totaled 269,621 square feet, with 1.23 million square feet still under construction. The West Phoenix submarket captured most of the tenant activity, including new leases by Target (145,000 SF), Amped Fitness, and Cavender’s.

Market Outlook

Across all sectors, Phoenix continues to demonstrate resilience and balanced fundamentals. CBRE expects steady leasing demand, a disciplined construction pipeline, and improving capital-markets activity as interest rates stabilize and investors re-enter the market.

Full reports for Industrial, Office, and Retail market figures can be viewed here:

• Phoenix Industrial Figures Q3 2025

• Phoenix Office Figures Q3 2025 

• Phoenix Retail Figures Q3 2025 

PIMA COUNTY, (Oct. 10, 2025) – The Arizona Fall League (AFL) has canceled its tripleheader at Kino Veterans Memorial Stadium on Saturday, Oct. 11, 2025, because of weather concerns related to Hurricane Priscilla.

The tripleheader, which would have featured all six Phoenix-area teams from the Arizona Fall League, was set to mark the league’s first appearance in Tucson since 2002. The AFL showcases top prospects from every Major League team.

“In speaking with the Arizona Fall League officials, we hope to continue a positive relationship in the future,” said Sarah Horvath, director of the Kino Sports Complex and Stadium District.

For fans who purchased tickets to Saturday’s event, the AFL will be providing the option to either exchange for tickets to the Arizona Fall League Home Run Derby (Nov. 8) and the Fall Stars Game (Nov. 9) in Mesa, or receive a full refund through the original method of purchase. Fans should expect an email within the coming days. For further questions, please email [email protected].

While the AFL’s return to Tucson has been delayed, baseball fans won’t have to wait long for action at Kino Stadium.

Starting Thursday, Oct. 16, Kino will host the 34-game home season of the new Tucson Baseball Team, which is competing in the Mexican Pacific Winter League. The Tucson Baseball Team, which will hold a “name-the-team” contest during the season, is the first club from the Liga ARCO Mexicana del Pacífico to be based in the United States.