Sonora Village, the North Scottsdale shopping center owned by YAM Properties, has expanded its tenant mix to include new dining and retail concepts. Akamaru Japanese Restaurant, bb.q Chicken, Floor & Decor and Dollar Tree are now open. “Sonora Village continues to evolve in exciting ways, and we’re proud to introduce new tenants that elevate the experience for North Scottsdale
Identifying the biggest commercial real estate deals in Metro Phoenix beginning in January 2026 provides a real-time snapshot of where capital, confidence and growth are converging. These transactions signal which sectors are expanding, how investors are pricing risk and opportunity, and where infrastructure, jobs and population growth are headed
The Trump administration is weighing whether to open an antitrust investigation into the nation’s largest homebuilders, a move that could reshape dynamics across the U.S. housing industry amid elevated costs and slowing demand. According to people familiar with the matter who spoke to Bloomberg, senior administration officials have discussed whether the Department of Justice should
CoStar adjusted its U.S. multifamily forecast to reflect that stronger near-term rent growth last quarter is now expected to be offset by a modestly softer outlook for renter demand in the second half of 2026, resulting in the elevated vacancy rate declining at a slower projected pace
From a new corporate campus, a high-rise apartment tower near Roosevelt Row, and the expansion of a public medical center, Phoenix has major developments underway in 2026. Sprouts Farmers Market is building a 180,000-square-foot corporate headquarters along Phoenix’s growing Loop 101 corridor
Harvard Investments emerged as the successful bidder at an Arizona State Land Department auction last week for two 40‑acre parcels immediately adjacent to its planned Rio 1900 community in Goodyear. The acquisition marks another milestone in the company’s long‑term vision for the nearly 2,000‑acre master‑planned development and strengthens its ability to deliver a cohesive, well‑connected community in the West Valley, one of the nation’s fastest‑growing regions
Commercial real estate deal volume fell in December for the second straight month, but the full-year numbers reveal some progress, potentially setting up much-needed momentum for this year. Total deal dollar volume dropped 20% in December year over year, according to monthly data provided by Moody’s as a media exclusive to CNBC’s Property Play
A developer is a step closer to turning Tempe offices into an industrial site designed to attract advanced manufacturing jobs. Tempe City Council on Feb. 6 unanimously approved a resolution for a general plan land use and residential map amendment, and also adopted an ordinance returning the zoning to a general industrial district
Investment sales across the United States are continuing to rise annually, as 2025 marked the third straight year of growth and set the stage for continued momentum into 2026, according to data and analysis from Avison Young’s U.S. Investment Sales group
The Phoenix City Council unanimously approved a redevelopment plan for 24th Street and Arizona Biltmore Circle at its meeting Feb. 4, a plan led by Jerry Colangelo’s JDM Partners.The project will include razing the low-rise office buildings on the site, which include JDM’s headquarters. The buildings will be replaced with a luxury condominium development called 2400 Biltmore
Fisher Industries, the developer of the VAI Resort under construction in Glendale, bought 33 acres of land south of the resort site at the end of 2025. The developer spent $21.5 million on the land, which it bought from Vision Capital Partners, according to real estate database Vizzda
Yardi Matrix has updated its Q1 2026 multifamily supply forecast after earlier forecasts that assumed the slowdown in new-construction activity recorded in 2024 would continue into 2025 proved incorrect. The revised forecast no longer anticipates that new supply will bottom out in 2027 at or below 400,000 units
Phoenix City Council unanimously approved a luxury condominium development near the Arizona Biltmore and Wrigley Mansion in Phoenix. JDM Partners LLC’s proposed development at 2400 E. Arizona Biltmore Circle received several letters of support as well as those opposed — including opposition from Best Western Hotels next door
Dozens of people crowded into a conference room Feb. 4 at the Arizona State Land Department to witness a bidding war over 272 acres in Buckeye. Bidding started at $42,050,000 for the two parcels of land that span north and south of Interstate 10 near a growing shopping hub where more than 1 million square feet is under development
U.S. office vacancy appears to have reached a cyclical peak, topping out at 14.2% in mid‑2025, before edging down slightly by year’s end as the updated CoStar forecast anticipates stable vacancy through the end of 2026. That’s now expected to be followed by a gradual decline that would bring the headline vacancy rate near 13% by 2030
New York-based Pure Insurance is moving its regional headquarters to The Galleria. Stockdale Capital Partners signed Pure Insurance to a long-term lease for 40,302 square feet at The Galleria in Old Town Scottsdale. The company will occupy a portion of the second floor, which is enough room to accommodate 250 employees. It joins fellow Galleria tenants TikTok, U.S. Data Security
The United States population is growing at its slowest rate since the height of the coronavirus pandemic, according to recently released U.S. Census Bureau estimates. While that pace is set to ease further across the country, this structural slowdown is likely to amplify post-COVID regional population shifts to lower-density Southern and Western states, with implications for job and housing markets
Kidder Mathews has released its 2026 Western U.S. Market Forecast, offering a comprehensive outlook on the economic conditions, structural shifts, and sector specific trends shaping commercial real estate. The forecast examines commercial real estate trends for office, industrial, retail, and multifamily sectors highlighting where fundamentals are stabilizing, where
Liliana Vidales has more experience than most people with data centers. xAI, a company owned by billionaire Elon Musk, about a year and a half ago established a supercomputer in Memphis, Tenn., where Vidales attended college. The facility, she said, brought “suffocating smog and pollution.”She didn’t want it to happen again in Phoenix, her hometown. So, as city leaders considered whether to adopt a new zoning ordinance on data centers
Last year’s loan maturities represented nearly triple the 20-year average, creating unprecedented refinancing pressure. Refinancing risk for multifamily and commercial real estate debt will remain high for at least the next two years as much of the $957 billion in loans—including $310 billion in multifamily debt—that matured in 2025 received extensions
The Arizona economy continues to grind along at a slower-than-usual pace. Jobs are rising slowly, with reduced hiring and modestly elevated layoffs weighing on growth. Income is also slowly rising, reflecting the post-pandemic deceleration in employment costs, although taxable sales growth has rebounded. House price increases have slowed, but housing cost burdens remain elevated and housing permit activity is down so far this year. Stabilizing house prices have
There’s a new name in luxury in the area where Scottsdale and Paradise Valley converge — an evolution of a classic metro Phoenix hotel, transformed into a contemporary destination resort. Kimpton Miralina Resort & Spa, the $42 million renovation and rebrand of the former Scottsdale Plaza Resort & Spa, opened its doors on Jan. 7 and held a ribbon cutting on Jan. 19. The resort received a nod from Forbes, which featured it on its unranked list of nine hotels opening
Sometimes in commercial real estate, the past does more heavy lifting than the future. The Federal Reserve’s Federal Open Market Committee has not signaled whether it will lower rates again in 2026, but several cuts made last fall are still working their way through the financial system—and that lag may prove decisive for the year ahead. As Trepp Chief Economist Rachel Szymanski points out, the effects of monetary policy move through the economy with the familiar “long
US commercial real estate prices saw varied performance in 2025, with office properties in major markets posting the strongest gains according to CoStar’s Commercial Repeat Sale Indices. Value-weighted office prices rose 3.8% over the year, marking a significant rebound from an 11.4% decline in 2024. The uptick reflects renewed investor confidence in high-value office assets, particularly in markets like San Francisco benefiting from demand in sectors