LEASE RENEWALS

RETAIL/MEDICAL – 811 E. Riley Drive, Avondale, 85323 – Southwest Valley Submarket

Cornerstone Dental PLLC renewed its lease for approximately 2,600 square feet of retail/commercial space at The Dysart Business Park, 811 E. Riley Drive in Avondale. PPEP, Inc. owns and manages the property. Dan Nydegger, president of Cornerstone Dental PLLC, represented the tenant. Jake Herrington, chief administrative officer overseeing property, insurance and transportation for PPEP, represented the landlord.

COMMUNITY FACILITY/LODGING – 15925 W. Universal Ranch Road, Arivaca, 85601 – Pima Southwest Submarket

Arivaca Action Center, Inc. renewed its longstanding lease with property owner PPEP, Inc. at 15925 W. Universal Ranch Road in Arivaca. The property includes approximately 2,500 square feet of building space on 10 acres. Approximately half of the primary building accommodates daycare and early learning activities, while the remaining portion provides guest and short-term lodging. The facility also supports the nonprofit’s community services.

TUCSON, ARIZONA (Oct. 5, 2026) — As first announced in Real Estate Dail News Tucson Lease Report for March 23–27, 2026, Barnes & Noble leased 16,056 square feet at Oracle Wetmore Shopping Center. The bookseller will open its fourth Tucson bookstore October 7 in the former Joann Fabrics space at 4380 N. Oracle Road, Suite 150.

The bookseller leased 16,056 square feet from Acacia-Tucson LLC. Aaron LaPrise, principal and retail specialist with Cushman & Wakefield | PICOR, represented the landlord. Phil Dagostini and Greg Laing of Phoenix Commercial Advisors represented Barnes & Noble.

Located next to World Market, the store will feature a broad selection of books, toys, games, vinyl records, magazines and stationery, along with a Barnes & Noble Café. The opening returns the former craft store space to active retail use and expands the bookseller’s presence along the Oracle Road corridor.

Doors will open at 9 a.m. Wednesday, October 7. Tucson author Kathleen Glasgow will participate in the ribbon-cutting and sign copies of her novel, The Glass Girl. Children’s character Maisy will also appear for story time events during the opening weekend.

The new location joins Barnes & Noble’s existing eastside and westside bookstores and its smaller store inside Tucson Mall. Bret Christopherson, a 21-year Barnes & Noble veteran, will manage the Oracle Road store.

The opening is part of the company’s continuing national expansion. Barnes & Noble reports that its store count has grown from fewer than 600 in 2023 to more than 725. Its approach gives local booksellers greater influence over their stores, combining locally selected offerings with the resources of a national chain.

For Tucson’s retail market, the lease illustrates how an established shopping center can reposition space vacated by a departing tenant with a business that encourages browsing, repeat visits and time spent on site.

TUCSON, ARIZONA (Oct. 5, 2026) — Tucson’s median home listing price declined 3.2% in September compared with a year earlier, more than twice the national rate of decline, according to Realtor.com’s September 2026 market report. Buyers also had slightly more homes to choose from, although local inventory growth remained below the national pace.

The median asking price fell to $372,500, compared with a national median of $419,250. Nationally, listing prices declined 1.4% from September 2025. Tucson’s median was $46,750 below the U.S. figure, although listing prices reflect sellers’ expectations rather than completed sale prices.

Price reductions became more common locally. Approximately 22.2% of Tucson listings had a price cut, up 1.5 percentage points from a year earlier and above the national share of 20.8%. The increase suggests more sellers are adjusting their expectations to attract buyers, potentially creating negotiating opportunities on individual properties.

Active inventory reached 3,851 listings, a 2.5% annual increase. That was less than half the national inventory growth rate of 5.4%, indicating that Tucson buyers experienced a more modest expansion in available choices.

New listings, however, increased 3.4% locally while falling 0.7% nationwide. The contrast points to a healthier flow of fresh listings in Tucson, even as the overall supply of homes grew relatively slowly.

Despite lower asking prices and more price reductions, Tucson’s market moved faster than a year earlier. Median time on market declined 8.7% to 58 days, compared with 61 days nationally and a national annual decline of 0.8%.

Taken together, the figures show a market with easing asking prices but continued buyer activity. Sellers face greater pressure to price competitively, while buyers have somewhat more choice and a larger share of listings with reduced prices. Those conditions vary by neighborhood, property type and price range.

The report reflects September 2026 MLS listing activity. Realtor.com disclosed that it was generated using AI tools with input from Economic Data Manager Sabrina Speianu. Additional information is available through the Realtor.com housing data portal.