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→
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→
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→
Brokers Await Rebound
Commercial real estate brokers are sticking to their predictions of a market turnaround this year, but they are eyeing some obstacles carefully. At a midyear market review held by Tucson Realty & Trust Co. at Tucson Country Club on Thursday, brokers cited a laundry list of pressures pushing against the market’s recovery. Not least of…Read More→
Tucson Realty & Trust at 100 years
“We’ve been here since the year before Arizona became a state. I remember when my father was dying, he told me lots of things about the company history. I wrote it on a piece of paper at the hospital. It all started with, there were these three guys.”… As the third-generation CEO and caretaker of…Read More→
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→
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→
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→
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→