Pima County (Aug. 12, 2026) — Pima County Economic Development joined Taiwan-based investors and startup founders July 27 at an event hosted by Sustainable Impact Capital (SIC) at Arizona State University to showcase Southern Arizona’s competitive advantages in advanced manufacturing, semiconductors, artificial intelligence, entrepreneurship and technology commercialization.

The event focused on opportunities for Taiwanese startups seeking to establish a U.S. presence and connect with Arizona’s expanding innovation ecosystem. Earlier this year, SIC and the Arizona Commerce Authority signed a Memorandum of Understanding aimed at positioning Arizona as a gateway for Taiwanese startups entering the U.S. market.

The initiative builds on Southern Arizona’s growing international partnerships and reflects Pima County’s efforts to attract investment, strengthen supply chains and create new opportunities for local businesses, entrepreneurs and workers. By engaging companies ranging from early-stage startups to global technology leaders, the County is helping foster innovation and support long-term economic growth.

Southern Arizona was also represented by the University of Arizona Center for Innovation, City of Tucson Economic Development, Startup Tucson and the University of Arizona Center for Semiconductor Manufacturing. Their participation underscores the region’s collaborative approach to strengthening Southern Arizona’s position as a hub for technology, entrepreneurship and advanced manufacturing.

SIC’s mission extends beyond semiconductors to support emerging companies in artificial intelligence, biotechnology, sustainability, healthcare, advanced manufacturing and other technologies that closely align with Southern Arizona’s economic development priorities.

TUCSON, ARIZONA (Aug. 11, 2026) — Tenet Equity Funding SPE II LLC purchased approximately 3.41 acres at Houghton Town Center in southeast Tucson for $2.819 million, where a new Mountainside Fitness center is planned.

The sale closed July 17, 2026, for $2,819,391. The acquisition includes Lots 44, 45 and 46, together with a portion of Lot 47 at Houghton Town Center. The seller was Houghton Developers LLC, an affiliate of Diamond Ventures.

Based on the recorded lot areas and the metes and bounds description for the portion of Lot 47, the property totals approximately 148,400 square feet, or 3.41 acres. The purchase price equates to approximately $826,800 per acre and $19.00 per square foot.

The buyer plans to develop a 40,579-square-foot fitness center at 10084 E. Old Vail Road near Houghton Road for Mountainside Fitness.  A building permit has been issued, and ground work has already begun.

The project is part of Mountainside Fitness’ expansion into Tucson and Southern Arizona. The longtime Arizona fitness operator has announced plans for three Tucson-area clubs in Oro Valley, Vail and Marana, with the potential for a fourth location in the market.

In Oro Valley, Mountainside Fitness will occupy approximately 45,000 square feet formerly occupied by Ashley Furniture at Oro Valley Marketplace, at the southwest corner of Oracle and Tangerine roads. New approximately 40,000-square-foot standalone facilities are planned at Houghton Town Center in Vail and at a new retail center near the northeast corner of Twin Peaks Road and Interstate 10 in Marana.

Development costs are expected to range from $11 million to $12 million per location, representing approximately $33 million in investment across the first three Southern Arizona clubs. Each location is expected to employ between 100 and 120 people.

The new Houghton Town Center club will bring Mountainside Fitness’ full-service concept to the rapidly growing southeast Tucson market. The company’s fitness centers typically include extensive strength and cardio areas, group fitness studios and a range of health and wellness amenities.

Founded in Arizona in 1991, Mountainside Fitness operates 22 fitness centers in the Phoenix metropolitan area and is continuing its statewide expansion, including a 23rd Valley location planned at Morrison Ranch in Gilbert.

Tenet Equity, based in Scottsdale, specializes in single-tenant real estate investments and net lease transactions.

The Houghton Town Center club will be Mountainside Fitness’ second Tucson-area location, following its planned August 2026 opening at Oro Valley Marketplace at 12155 N. Oracle Road. The Oro Valley Marketplace directory itself still shows Mountainside as “Coming Soon”.

Houghton Town Center continues to expand along the Houghton Road and Old Vail Road corridor, serving the growing Rita Ranch, Vail and southeast Tucson areas. Mountainside’s current site now describes Houghton Town Center as “Rita Ranch,” rather than Vail.

Source: RED Comp #12619

Seattle, Wash. (August 11, 2026) – Kidder Mathews has released its 2026 Western U.S. Mid-Year Market Forecast, offering an updated outlook on the economic conditions, structural shifts, and sector-specific trends shaping commercial real estate. The report examines trends for office, industrial, retail, and multifamily sectors, highlighting where fundamentals are stabilizing, risks are persisting, and new opportunities are beginning to emerge as the market moves into the second half of the year.

See overviews for each sector below and the full 2026 Western U.S. Mid-Year Market Forecast here.

Economic Overview
The U.S. economy enters the second half of 2026 on stable footing, with growth continuing at a more measured pace. Resilient consumer spending and accelerating investment in artificial intelligence continue to support expansion, while inflation gradually eases and the labor market normalizes. Read more.

Office Overview
The office market is gaining stability as leasing activity strengthens and supply pressures ease. The flight to quality remains a defining trend as tenants gravitate toward premium, well-located space, while declining sublease availability and limited new construction support a more balanced environment. Read more.

Industrial Overview
The industrial sector is gaining momentum as leasing activity strengthens and vacancy approaches its cyclical peak. A sharply contracting development pipeline and steady demand from logistics, e-commerce, advanced manufacturing, and data center users continue to position industrial as one of commercial real estate’s most durable sectors. Read more.

Retail Overview
Retail remains resilient amid selective growth, supported by limited new supply, low vacancy, and continued demand from grocery, discount, and value-oriented concepts. Suburban centers continue to outperform urban cores, and retail sales have reached near-record levels even amid a more cautious economic environment. Read more.

Multifamily Overview
Multifamily is moving toward greater balance as demand strengthens and new construction slows, while persistent affordability challenges continue to keep renters in the market. Investment activity is gaining momentum as capital markets stabilize, positioning the sector for steady, measured rent growth ahead. Read more.