Category: News and Press

News and Press

Retail Rent Growth Finally Takes Root Across U.S. Metros

Absorption, Vacancy Benchmarks Continue to Drift Sideways As Retailers Shake Out Closed Stores Following a recent string of relentlessly unexciting market trends in retail real estate over the past several quarters comes this distinctly positive news for retail property owners — quoted asking rents have finally turned upward across all retail property types in the…Read More→

News and Press

First assessment of Q1 2013: Positive trends start to take hold

With the first three months of 2013 in the books, commercial real estate firms are starting to assess the situation in the Tucson market. Picor Commercial Real Estate Services is the first in with a report that shows some positive trends: • Retail: Vacancy rates remained at 8.2 percent, the same as at the end…Read More→

News and Press

Tucson Realty & Trust Co. is Selected as State’s Top Small Commercial Brokerage Firm

It is a great pleasure to announce that Tucson Realty & Trust Co. has once again been selected the State’s top small commercial brokerage firm this year by Ranking Arizona: The Best of Arizona Business 2013.  This is the third time we have received this honor of distinction, the last being in 2010.    …Read More→

News and Press

Status Quo Expected in Real Estate Here in ’13

The stabilization of Tucson’s nonresidential real estate market in 2012 is expected to continue this year, local brokers say. And while there may be slight gains in commercial tenants, there are no predictions of any major victories in 2013. “There’s a lot of uncertainty in the market. There are still storm clouds out there,” Hank…Read More→

News and Press

Commercial Real Estate Outlook Leaves Not Much to Smile About

While there were positive signs for commercial real estate in Tucson early this year, the outlook has dimmed in recent months. Stagnant job growth and the slump in homebuilding continue to drag on the market, said Hank Amos, president and chairman of Tucson Realty & Trust Co. While other areas across the nation have seen…Read More→

News and Press

Tucson Realty & Trust Co. has storied past in Old Pueblo

After a couple of members of John Dillinger’s gang fled a burning Hotel Congress downtown in 1934, they holed up in a house on North Second Avenue rented from Tucson Realty & Trust Co. Police sniffed them out and arrested them a short time later, so Tucson Realty & Trust rented out the house again….Read More→

News and Press

Commercial Space Painfully Plentifully

The commercial real estate market in Tucson hobbled through 2010 with persistently high vacancy rates and lower rents. And while conditions won’t likely get worse in 2011, it’s going to be a few years before any noticeable recovery, commercial brokers said this week at economic forecasts. The Building Owners and Managers Association of Greater Tucson…Read More→

News and Press

Realty and Trust Directors Talked About Statehood, Copper Market

The first meeting of the directors of Tucson Realty and Trust Company was held at the office of the company, Stone Avenue and Broadway, yesterday afternoon, with J.A. Rogers, Edward W. White, John M. McBride, W.H. Sawtelle and Charles E. Walker present. The formation of this new corporation was completed and the business of old…Read More→

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