DAILY TOP 5

Another coffee chain, one with a much smaller Arizona footprint, told a Texas bankruptcy court Aug. 7 that it had submitted a better offer to buy Salad and Go’s assets than Dutch Bros. 7 Brew, which announced its first Arizona locations in 2025, said the company had submitted a letter of intent that offered a better dollar-for-dollar value than Dutch Bros’ offer, Ross Fiedler, an attorney representing 7 Brew, said at the hearing. “I think there have been burdens placed on this marketing

The combination of an improved year-end outlook and better-than-expected performance in the second quarter has led Host Hotels & Resorts to raise its revenue per available room outlook. During the hotel real estate investment trust’s second-quarter earnings call, Jim Risoleo, chairman, president and CEO of Host, said the company now expects both its comparable hotel RevPAR growth and comparable hotel total RevPAR growth to both range between 4.75% to 5.25%. That’s an

AEW Capital Management has acquired Park 91, a two-building, 278,825-square-foot industrial park in Tolleson, Arizona, from Martens Development for $71.5 million, or about $256 per square foot. AEW acquired the industrial park on behalf of a separate account client. Public registry filings identify the Public Employees’ Retirement System of Nevada as the member of the recorded buying entity, NP Park 91, with AEW Capital Management as manager. The industrial park, constructed in

The Phoenix office market continued to show signs of stabilization during the second quarter of 2026 as tenant demand shifted toward high-quality suburban properties, offsetting challenges that continue to weigh on the urban core, according to a new report from Transwestern. Strong leasing activity, positive absorption and a shrinking supply of sublease space suggest the market is gradually finding its footing after several years of post-pandemic adjustment. According to

Commercial and multifamily mortgage loan originations were 16% higher in the second quarter of 2026 than in the year-ago period, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Dollar volume increased 12% from Q1 of 2026, MBA said. Increased originations for retail, office, hotel, industrial and multifamily properties led to an overall increase in commercial/multifamily lending volumes. Dollar

Commercial real estate pricing is no longer moving in one direction. Property values are rising again, but Green Street’s latest data makes clear that the recovery is being led by a relatively narrow group of sectors rather than a broad return to the market conditions that prevailed before interest rates reset. Green Street’s Commercial Property Price Index rose 1% in July and 5.2% over the past 12 months. Yet the all-property index remains 13.4% below its 2022 peak, underscoring how

See which other metrics improved in The Valley of the Sun. Phoenix’s office market reached midyear 2026 on steadier footing than many peer metros. Vacancy continued to edge lower and remained below the national average, while asking rents increased year-over-year despite the metro’s relatively affordable pricing. Investment activity also outpaced most peer markets, placing Phoenix among the nation’s top 10 by sales volume. At the same time, construction activity

To see where future growth in the Valley is focused, pay attention to the land auctions. Business is very good these days. The Arizona State Land Department just reported a record-setting year, bringing in $817.8 million through land sales and leases in the fiscal year that ended June 30. That’s nearly double what it brought in in the previous fiscal year, which was close to $452 million. A handful of major auctions drove the surge in dollar amounts and involved notable buyers

Location can influence how bright or gloomy our daily lives feel. Thankfully, Arizona averages about 300 days of sunshine each year, making it one of the sunniest regions in the United States and home to six of the 30 happiest cities in America, according to an analysis from Wallethub. “Research shows that having more money only increases your happiness until you’re making at least $75,000 per year – anything more you earn likely won’t have an impact,” says Chip Lupo, WalletHub

The U.S. industrial market could reach a turning point in late 2027, CoStar reported. Vacancy is expected to rise slightly through the early part of next year before making a gradual descent, with demand beginning to outpace supply late in the year. The national industrial vacancy rate remains in the mid-7% range entering the third quarter of 2026 and is expected to edge higher before beginning a steady decline. CoStar characterized this outlook as a modest improvement from the previous

U.S. office performance is on a heater to start 2026, bolstered by strong leasing activity, improved asking rent growth and an uptick in office investment volume. Underlying office fundamentals continue to improve as the asset class ascends from the murky depths of the pandemic. Office leasing activity in the first half of the year hit 127.3M SF, the strongest leasing volume in the first six months of a year since 2019, according to a Savills report. The first-half volume was 13% ahead of

MovingPlace has released its new mid-year report, revealing America’s hottest ZIP codes of the first half of 2026 and Surprise, Ariz., is one of the hot spots for movers in 2026. The report first looked at the areas who saw the biggest ranking changes when compared to the previous year, and now looks at the locations with the most move activity based on per capita moves. The Top U.S. ZIP Codes People Are Moving To in the First Half of 2026

Headwinds tempered deal activity, yet outliers still emerged, according to Yardi Matrix. Persistent inflation and high interest rates, as well as safe Treasury notes, have fueled a slowdown in multifamily investment throughout the U.S. earlier in the year. The national sales volume was down more than 10 percent during the first five months of 2026 compared to the same period of last year, according to a Yardi Matrix report. Headwinds have been felt nationally and Western U.S. markets

The Green Street Commercial Property Price Index increased 1.0% in July 2026. Over the past 12 months, the all-property index has increased 5.2%. “Prices are up 5% over the past year,” said Peter Rothemund, co-head of strategic research at Newport Beach-based Green Street. “Rental income is 2-3% higher over that time, and the remainder of the appreciation is from lower cap rates for select property types. I don’t think we’ll see further declines in cap rates. Real estate fundamentals are

PHOENIX (AZFamily) — A popular Arizona salad chain is closing its doors permanently after filing for Chapter 11 bankruptcy. Salad And Go will serve its last customers on Wednesday, the company said in a statement on Tuesday. “This is a painful day for everyone who built, worked for and loved Salad and Go,” said Mike Tattersfield, Salad And Go CEO. “Our mission was brought to life every day by an extraordinary team and embraced by guests who made us part of their

PHOENIX (AZFamily) — Instead of going to a drive-thru for salad, customers will soon be getting a cup of coffee. Court documents filed in U.S. Bankruptcy Court in Texas show that Boersma Bros, LLC, the Oregon-based holding company tied to the founders of Dutch Bros Coffee, agreed to purchase Salad And Go’s assets for $105 million. The popular Arizona-based salad chain announced this week that it would be closing its doors permanently. Under the agreement, Dutch Bros will take over

Here’s how the five leading Western office markets stack up. Office transaction activity across the Western U.S. remained fluid year-to-date through May 2026, according to Yardi Matrix information. The region followed broader investment patterns, with stronger pricing supporting steady transaction activity, even as the amount of space changing hands varied. This suggests that investors remained willing to pay premiums for well-positioned assets, mirroring national office

The Arizona Cardinals’ 217-acre north Phoenix development is entering its next phase, with a newly hired CEO tasked with filling more than 150 remaining acres around the team’s future headquarters with restaurants, offices, hotels and retail. Rawhide Development Company, an affiliate of the Arizona Cardinals, named Ralph Ireland as CEO. Ireland will lead the development of the site at Loop 101 and Scottsdale Road, where the headquarters is already under construction. The

Despite wide local backlash, a 1,263-acre solar energy and battery storage project near Eloy, south of Phoenix, has received approval for both an industrial rezoning and planned area development overlay, as multiple similar projects work their way through the review process. The Eloy Valley Energy Center III in Pinal County is a proposed utility scale solar generation facility that will combine a 400-megawatt, four-hour battery energy storage system and a new substation with 400

Arizona Land Consulting’s master plan preparation and development spree continues, as the company is requesting a General Comprehensive Plan amendment and rezoning for an approximately 320-acre site at the NWC of 411th Avenue and Camelback Road near Tonopah. ALC currently has four other master plan sites in process around the state, with two in Buckeye and two in Casa Grande. The company’s proposal for the new Camelback Creek master plan is scheduled to go

A Virginia company plans to bid on 4,000 acres of state trust land to build a utility-scale solar farm outside of Buckeye. Apex Clean Energy applied for a 30-year commercial lease on the parcel of land off of State Route 85 and Gas Pipeline Road in Arizona in 2023, according to documents submitted with the Arizona State Land Department. It goes up for auction in two weeks with the minimum bid starting at over $43 million. The 350-megawatt Grand Verde Solar project would provide enough

Formation Interests and Crescent Real Estate LLC broke ground on phase two of Formation Park 10, an industrial development in Goodyear, last week. The project located near Bullard Avenue and Van Buren Street next to the Buc-ee’s. It comes after the completion of phase one, which consisted of five buildings that totaled almost 689,000 square feet. “We are excited to break ground on this next phase of Formation Park 10. There is a very large amount of smaller businesses that need

One company helping to build Taiwan Semiconductor Manufacturing Co.’s fast-growing Phoenix plant has taken up some real estate of its own as the region benefits from the chipmaking sector. Taiwan-based Marketech International Corp. signed a more than 150,000-square-foot, full-building lease at the Deer Valley Business Campus, roughly 10 miles from TSMC’s Arizona operations. Marketech is a general contractor that works closely with TSMC for building out clean rooms and

Led by suburban office properties, U.S. commercial property prices moved higher in June, with the RCA CPPI US National All Property Index rising 0.9% from a year earlier, MSCI Real Assets reported. The index gained 0.7% in the second quarter from Q1, implying a faster annualized growth pace of 2.6%. “Borrowing costs in the U.S. appear anchored at an elevated level, with the Federal Reserve holding its policy rate steady under new chairman Kevin Warsh,” reported MSCI Real