As 2025 draws to a close, commercial real estate executives are increasingly turning their attention to the outlook for the year ahead. Despite the turbulence that characterized much of 2024 and early 2025, the latest insights from CBRE’s research head, Henry Chin, suggest that double-digit transaction volume growth is no longer an improbability—it is shaping up to be a consensus expectation for 2026. The market tone has shifted decisively since the first quarter
With Host Hotels & Resorts’ portfolio focused on higher-end hotels, the ongoing bifurcation of travel demand has allowed the company to raise its full-year outlook. During the hotel real estate investment trust’s third-quarter earnings call, Host President and CEO James Risoleo said the company’s hotel portfolio outperformed expectations again. The strong year-to-date performance and improved expectations for the fourth quarter have allowed Host to
Luna Grill, a San Diego-based fast-casual Mediterranean restaurant, will open its first Arizona location later this month in Mesa, marking its expansion into the Phoenix area. Over the next 12 months, Luna Grill will have multiple locations across the Valley, the company’s CEO confirmed to the Business Journal. Founded in 2004 in San Diego by husband-and-wife team Sean and Maria Pourteymour, Luna Grill has grown to 53 locations across Southern California
This is the largest speculative construction loan in Arizona this year. ViaWest Group and Barings have obtained $107 million in construction financing for ReDiscover Logistics Park, an 808,448-square-foot industrial development in Phoenix. This is the largest speculative construction loan in Arizona this year, according to JLL Capital Markets, which worked on behalf of the developers to secure the financing through a life insurance company. The joint venture acquired
Investor confidence in retail real estate is surging as the sector posts its strongest quarter in three years, driven by resilience and select fundamentals that are drawing both longstanding and new capital back into the market. Sales volume surged more than 40% in the third quarter of 2025 compared with the same period a year earlier, according to Newmark’s latest retail conditions and trends report. Roughly $16.1 billion in assets changed hands during the
Phoenix is among the top 10 markets to watch in 2026, according to PricewaterhouseCoopers’ and Urban Land Institute’s Emerging Trends in Real Estate 2026 report. Released on Nov. 5, the PwC/ULI report draws on insights from more than 1,700 leading real estate investors, developers, lenders and advisers across the U.S. and Canada. The report identifies key opportunities, risks and market shifts that will shape the industry in 2026. Phoenix ranked 10th
A Chicago real estate fund manager is looking to raise $100 million for ground-up multifamily developments in fast-growing markets where an oversupply of development in recent years has pushed down rents. The firm believes this strategy will lead to reduced competition and increased profits in the next wave of construction. Origin Investments announced plans this week for the Origin Select Asset Fund, with proceeds to be invested into five
A shift among the top-ranking real estate markets in the United States is now unmistakable, as Urban Land Institute and PwC’s newly-released Emerging Trends in Real Estate 2026 report points to significant geographic and sectoral recalibration among this year’s “Markets to Watch.” Behind the headline rankings, a nuanced picture emerges: investor priorities are reshaping around demographic inflows, talent clusters and crucial supply-demand recalibrations
La-Z-Boy Incorporated, the American furniture brand celebrated for its quality, comfort, and timeless design, has opened its newest distribution center in Glendale. The state-of-the-art facility spans approximately 225,000 square feet and employs approximately 30 team members. Located at 17000 W Glendale Ave Ste D100, this advanced facility represents La-Z-Boy Incorporated’s continued investment in operational excellence and its commitment to
Five Star Development, the developer of the Ritz-Carlton Paradise Valley, filed Nov. 4 for Chapter 11 bankruptcy protection, which is intended to create “a clear, court-supervised path” to finishing the resort, company leaders said. The filing creates an automatic stay, which halts most lender collection activity, including foreclosure proceedings. The project’s main lender, Madison Realty Capital, has filed for foreclosure on the project, and the development was
Location: 20650 N. 56th St., just north of Loop 101 and south of Deer Valley Drive in north Phoenix. Description: Sprouts Farmers Market is building a new headquarters along north Phoenix’s burgeoning Loop 101 corridor. As part of the CityNorth Development’s growing footprint, the grocer’s 180,000-square-foot campus will include a large office building and new Sprouts store, as well as retail and restaurant space. Inside the 144,500-square-foot corporate
Gurbir Sandhu Company acquired the Home2 Suites by Hilton Phoenix Airport South from Baywood Hotels for $18.75 million. The sale represents about $182,039 per room for the 103-room hotel. The buyer secured a $12.19 million loan from Wells Fargo Bank to finance the acquisition of the four-story hospitality property. Built in 2019, the 60,357-square-foot hotel is located at 4725 E. Broadway Road in Phoenix. Baywood Hotels, the seller, is one of the fastest-growing hotel
A longtime Valley-based Mexican food chain has plans to open several locations in the coming months across the Valley. Someburros is the in the middle of a large expansion process and has recently signed deals in Maricopa, Peoria and Surprise with new restaurants expected to open in 2026. Most recently, Someburros acquired 1.21 acres in Maricopa at the northwest corner of Maricopa-Casa Grande Highway and Stonegate Road. The site is within
Scottsdale on Main, a 119-unit, luxury mid-rise multifamily asset in Scottsdale that sold for $66.1 million — or $555,462 per unit — was one of the five biggest commercial real estate deals in October. Here are the five biggest commercial real estate deals in Metro Phoenix from October of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine. 1. Glendale land Sale price: $118,115,902
A 191,000 square-foot data center in Chandler and a substation on-site sold for $130 million on Oct. 30. Lincoln Property Company scooped up the complex from CBRE Global Investment, and it plans to not only build out unusable parts of the existing facility, but to also erect an entirely new data center building at the property, at 2500 W. Frye Road. The purchase is part of a strategy Lincoln is employing nationally as it looks to identify smaller pockets of power available
Scottsdale on Main, a 119-unit, luxury mid-rise multifamily asset in Scottsdale that sold for $66.1 million — or $555,462 per unit — was one of the five biggest commercial real estate deals in October. Here are the five biggest commercial real estate deals in Metro Phoenix from October of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine. 1. Glendale land: Sale price: $118,115,902 ($740,538.57 per acre) Address: NWC or
This year, seasoned real estate investors have faced a persistent puzzle: the commonly accepted gap between 5-year and 10-year commercial loan costs doesn’t align with reality at the closing table. Despite years of market sophistication, the assumption that a 10-year loan must carry a 40 to 50 basis-point premium over shorter-term debt continues to steer refinancing and acquisition strategies across the industry. But today, that spread is much tighter—and those who know
The Greater Phoenix industrial market posted an impressive third quarter, making it one of the nation’s leading cities for the quarter, according to a report released by Colliers. Net absorption nearly tripled from second quarter, totaling 7.87 million square feet. Vacancy continued to decline, falling 110 basis points quarter-over quarter to 9.8 percent. A decline in new supply of industrial space, combined with healthy leasing activity, drove the market to record two consecutive quarters of
Glendale’s future VAI resort has garnered lots of attention as the ambitious project faces ongoing delays, but it is far from the only hotel underway in the area. Five other hotel projects are currently under development in the West Valley city that is home to State Farm Stadium, the recently renovated Desert Diamond Arena and two Desert Diamond Casino locations. Within the next five years, the city is aiming to boost its inventory of hotel options to a total of about 5,000 rooms, including
Los Angeles-based Stockdale Capital Partners LLC has acquired its first apartment property in metro Phoenix. The real estate investment firm already owns several other types of assets in the metro, including Illume Innovation Center, Scottsdale Galleria. and a portfolio of Banner Health medical office buildings. But this is the company’s debut for acquiring multifamily properties in the Valley, said Sam Palmer, managing director at Stockdale. Stockdale bought the 266-unit The
A five-building office complex near Old Town Scottsdale could be razed and redeveloped as apartments and restaurants, according to plans submitted to the city. The Clayton Companies owns a roughly 3-acre site at the corner of 74th Street and Earll Drive and plans to build an 89-unit apartment complex that would have ground floor retail space on the site. The site was rezoned in late 2024 to allow for the redevelopment and has been submitted to
Taiwanese Semiconductor Manufacturing Co. is making moves to add more land to its chipmaking campus in North Phoenix. The company applied to bring 902 acres of Arizona State Land Department out to bid as the firm plans increased investment for its manufacturing hub where production began last year. The site is just to the south of TSMC’s existing campus, which spans more than 1,100 acres near Interstate 17 and the Loop 303 freeway in North Phoenix
Arizona State University (ASU), in partnership with integrated design team SmithGroup and general contractor McCarthy Building Companies, has completed construction of the $185 million Interdisciplinary Science and Technology Building 12 (ISTB 12) at ASU’s Polytechnic campus in Mesa, Ariz. The state-of-the-art facility serves as the cornerstone for the Ira A. Fulton Schools of Engineering’s School of Manufacturing Systems and Networks
Lucid Group Inc. plans to launch what it describes as the first Level 4 autonomous vehicles for consumers to be manufactured in Arizona – with a new Nvidia partnership. Newark, California-based Lucid (Nasdaq: LCID) said Tuesday it’s integrating Nvidia’s DRIVE AGX Thor accelerated computers and DRIVE AV software into the company’s upcoming midsize electric vehicle lineup, which is slated to launch in 2026. “We’ve already set the benchmark in core EV
The Mangat Group announced the launch of MG Business Park, a brand-new industrial condominium development on Oct. 27. Located on the southeast corner of Glendale Avenue and New River Road in Glendale, MG Business Park is on a 8.5-acre site. It is zoned M-1 (Light Industrial) by Glendale and will feature 36 units across five buildings, totaling more than 84,000 square feet of small-bay industrial space. Located near Luke Air Force Base with access