TUCSON, Ariz. (Aug. 5, 2026) – Tech Parks Arizona is pleased to announce the appointment of Carmine DeBonis Jr., Deputy County Administrator for Pima County, to the board of directors that oversees the University of Arizona’s tech parks. Campus Research Corporation (CRC) is a 501(c)(3) not-for-profit corporation established to maintain, develop, operate, market and lease the parks to support the educational, research and land grant mission of the University of Arizona. The CRC board of directors supports Tech Parks Arizona’s leadership team in creating long-term sustainability and meaningful impact in the community, region and state.

DeBonis joins the CRC board and brings more than three decades of public service experience and a deep understanding of regional development, infrastructure, economic development and community partnerships. A University of Arizona graduate, he currently serves a diverse portfolio of 10 county departments, including Public Works, Economic Development, Environmental Quality, and Finance and Risk Management. Throughout his career, DeBonis has gained exposure to nearly every aspect of government service, enabling him to build strong partnerships and foster collaboration across the public and private sectors. From 2001 to 2016, he served as Pima County Development Services Director, where he was recognized for his emphasis on partnership-building, team development and delivering exceptional customer service. Today, he continues to draw on those experiences to help deliver critical county services that strengthen the region and enhance quality of life for Pima County residents.

“We are pleased to welcome Carmine to the CRC board,” expressed Carol Stewart, Vice President, University of Arizona and CEO of UA Tech Parks and President of the UA Center for Innovation.  “His extensive experience in public administration and commitment to strengthening our region will be a tremendous asset as we continue advancing innovation, economic opportunity and the long-term success of the university’s tech parks.”

DeBonis succeeds Jan Lesher, whose service on the CRC board reflected her steadfast commitment to the University of Arizona, Pima County and the broader Southern Arizona community.

As Tech Parks Arizona continues to foster innovation, entrepreneurship and economic growth, the organization looks forward to DeBonis’ contributions and perspectives in support of its mission and vision for the future.

TUCSON, ARIZONA (Aug. 4, 2026) — Orange Grove Village, a neighborhood shopping center at the northwest corner of Oracle and Orange Grove roads in Tucson, has sold to BSOP-24, LLC.

The 19,154-square-foot retail center is located at 6421–6453 N. Oracle Road and 400 W. Orange Grove Road. The transaction closed July 27, 2026, for $6,450,000 ($337 PSF).

Orange Grove Village was originally developed in 1964 and remodeled in 2020. The center was approximately 88% occupied at the time of the sale, providing the buyer with an established tenant base along with an opportunity to lease the remaining vacant space.

The property occupies a prominent position at one of the northwest Tucson area’s heavily traveled commercial intersections. Its location provides visibility and access from both Oracle and Orange Grove roads and places the center near established residential neighborhoods, retail businesses, restaurants, and medical services.

Craig Finfrock of Commercial Retail Advisors, LLC represented the seller, S1K, LLC.

Bryan Belk of Franklin Street and Scott Reid of ParaSell, Inc. represented the buyer, BSOP-24, LLC, in the acquisition.

Source: RED Comp #12635

PHOENIX (August 4, 2026) – CBRE negotiated the sale of Avia 266 (to be renamed The Remy), a 267-unit multifamily community located in Mesa, Arizona. CBRE’s Matt Pesch, Asher Gunter and Austin Groen represented the seller, Geringer Capital. San Diego-based ColRich acquired the community for $52.4 million, including the assumption of an existing HUD loan.

“We are pleased to have represented Geringer Capital in the sale of Avia 266. This transaction reflects continued investor interest in well-located, quality multifamily assets across the Greater Phoenix market,” said Pesch, Vice Chairman at CBRE.

Completed in 1984, Avia 266 features a low-density garden site plan with all one- and two-bedroom units. Community amenities include two pool and spa areas, a 24/7 fitness center, an outdoor courtyard with recreation and gathering spaces, a resident clubhouse with community kitchen, package lockers, and a fenced dog park.

ColRich is a real estate, construction, and investment firm focused on repositioning residential workforce housing in strategic locations throughout the western United States.

“ColRich remains focused on aging, well positioned suburban apartments in in metropolitan statistical areas (MSAs) that continue to grow, both in terms of jobs and overall population. We continue to target markets like Phoenix where oversupply has created temporary softness in operations, allowing us to purchase older assets at significant discounts to replacement cost, presenting attractive reposition opportunities in 2 and 3-story walk-up product,” said Danny Gabriel, CEO of ColRich.

Avia 266 is centrally located in the Southeast Valley approximately one-half mile from the Loop 101 freeway and less than one mile from the Loop 202 freeway. Downtown Mesa is approximately one mile east. High-wage employers, shopping and nightlife destinations, and the ASU Tempe campus are approximately three miles west. Mesa Riverview shopping center, the Riverview Baseball Complex, Riverview Park, and the spring training home for Major League Baseball’s Chicago Cubs at Sloan Park are within walking distance of Avia 266.