The future of retail is here, bringing remarkable transformations and exciting possibilities. As the industry continues to evolve, new types of tenants are emerging, reshaping traditional concepts of brick-and-mortar stores. Simultaneously, e-commerce is still altering consumer
Phoenix’s robust demographic profile is one of its greatest advantages, and the market’s status as one of the fastest-growing population centers in the county remained intact in 2022. According to the latest data from the U.S. Census Bureau, the Phoenix metropolitan area
The Phoenix metro is the center of an emerging cluster of life-sciences research talent, according to a new report from CBRE Group Inc.The designation means the Valley’s research institutions have attracted impressive levels of funding from the National Institutes of Health, bringing in $143 million
Federal Reserve Chair Jerome Powell on Thursday said it is possible that U.S. inflation can cool without a large increase in the unemployment rate. At a Senate Banking Committee hearing, Powell was asked by Sen. Tina Smith, a Republican from North Dakota, if he saw “a path for inflation to continue
Bell Partners Inc. has closed its Value-Add Fund VIII at a hard cap of $1.3 billion in equity commitments from a range of domestic and international investors. With leverage, the new fund has investment capacity of approximately $3.2 billion. Fund VIII will deploy a value-add
Seven months after developers and residents began to work on a compromise in order for The Ranch mixed-use project to get off the ground, Gilbert Town Council passed the reworked proposal on Tuesday. The Ranch, which will be developed by IndiCap, Colmena Group and
In a year rife with challenges to all asset classes, single-family build-to-rent communities have been a case study in adaptability. Boosted by increasing demand, suburban BTR projects appeal to a diverse array of renters. Due to their relative affordability for the amount of space they
Phoenix has the most hotel rooms under construction and the highest share of inventory growth in the Western United States, as favorable economic and demographic conditions, strong hotel performance and significant events such as the Super Bowl have contributed to increased
There are currently nearly 1,600 open Phoenix hotel jobs, according to Indeed.com. Filling these positions is critical to the economic health of Phoenix and Arizona. Last year alone, hotel guests spent nearly $16 billion in destinations across the state, and Arizona hotels generated nearly
Sam Grooms wanted his firm, WhiteHaven, to find an office at The Grove. Unfortunately for the managing partner of the Valley private equity firm, space was in high demand and they ultimately struck out in landing a spot in one of the more recent top-flight office developments in the
The largest gaming enterprise in the valley, Gila River Resorts & Casinos, will host grand opening celebrations on June 30 and July 1 in honor of its newest location, Santan Mountain Casino. Guests can expect elevated amenities, giveaways, Las Vegas-style showgirls, aerial drone
PHOENIX — Chicken and pickleball lovers rejoice. A new restaurant, Chicken N Pickle, is coming to Glendale and will be located near State Farm Stadium in the Westgate Entertainment District. The location is scheduled to open July 18. It will feature an indoor and outdoor entertainment
Builder confidence in the market for newly built single-family homes rose five points in June to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Monday. This marks the sixth straight month that builder confidence has
Finding the right apartment in the right place is no easy task these days, regardless of where you drop the pin on the map. But what are the best cities for renters in the U.S.? With the rental season in full swing, the RentCafe research team looked at 140 cities to show which offer the best
Republic Services, Inc., a leader in the environmental services industry, has committed to relocating its corporate headquarters to a new, customized build at CityNorth, in the Desert Ridge area of Phoenix. This location is just minutes from the company’s current
The Elliot Road Technology Corridor inside the Loop 202 freeway is mostly former dairy and alfalfa farm land. Motorists driving this stretch of Elliot Road get a more rustic feel than the portion of Elliot north of Eastmark and east of the 202. But with a flurry of activity this
Chicago-based The X Co. is quietly prepping a small vacant parcel in downtown Phoenix to build a 19-story residential tower.The developer of the 100% leased X Phoenix a few blocks away at Van Buren Street and 2nd Avenue is planning to break ground in the next few
Arizona placed 10 companies on this year’s Fortune 500 list, which measures corporate revenue leaders from around the nation. Phoenix-based Avnet Inc., a distributor of electronic parts, led the Arizona contingent with 2022 sales of $24.3 billion, edging out copper-mining giant
Phoenix ranked 13th among the best U.S. cities for the gig economy and landed 3rd-best among the Western U.S. locations, according to the newest study published by CommercialSearch ranking the best U.S. metros for the gig economy. The Arizona metro got
No need to second guess the twists and turns of the upcoming rental season. The Rental Activity Report is a comprehensive top of the 150 U.S. largest cities ranked based on the behavior of renters’ themselves. The millions of interactions on RentCafe.com do
Developers who already own more than 7,000 acres between Maricopa and Casa Grande have just purchased another 1,773 acres with plans to develop a master-planned community on much of the former John Wayne Red River Ranch. But this won’t be like any other
The Di Bella Family wants to put single-family homes, two apartment complexes totaling 628 units and commercial development on roughly 75 acres at the northwest corner of Power and Williams Field roads. The land is in Maricopa County’s jurisdiction but the
What will the housing market look like toward the end of 2023? As the housing market continues to evolve, we sought insights from real estate experts, including co-founders, CEOs, and brokers, on what to expect toward the end of 2023. In this article, we share five key
Phoenix will work on new water rules for future development in the city after council members unanimously approved a plan Tuesday. The Sustainable Desert City Development Policy-Water (Resolution 22129) Request City Council approval of a resolution to
After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signaled two more increases are likely this year as officials continue to battle high inflation. That’s more projected hikes than financial markets