News

Light at the End of the Tunnel: Ground-Up Retail Development Finally Is Getting Underway

October 19, 2026

For the first time in 20 years, retail construction is trending up, according to JLL. This modest acceleration signals the start of a cycle that some industry players say will continue for the foreseeable Read More

Retail Activity in Western States Focused on High-Growth Submarkets

October 19, 2026

Western U.S. retail markets continue to witness flourishing leasing and investment activity. As in other parts of the country, the primary challenge for retailers and investors alike is finding supply to meet the Read More

Investors Are Hungry for Retail Deals, But Not Enough Assets Are for Sale to Satisfy Appetite

October 19, 2026

A lack of quality inventory is one of the prominent factors shaping the retail investment sales landscape. Simply put, there is more capital seeking retail opportunities than there are assets Read More

Slower Job Growth Shifts CRE Demand and Investment Strategies

October 19, 2026

The U.S. economy may need to add fewer than 50,000 jobs per month to keep unemployment stable, according to a recent Marcus & Millichap report. The number represents a shift from the 100,000 Read More

Higher mortgage rates could strengthen Arizona apartment market

October 19, 2026

As elevated mortgage rates continue to make homeownership more expensive, Arizona’s multifamily housing market could benefit from renters staying in apartments longer and a slowdown in new residential Read More

What is that 19-acre development in west Tempe off SR 143?

October 16, 2026

Location: Northeast corner of South 52nd Street and West University Drive in west Tempe. Description: A 19-acre development is under construction in a largely industrial area of west Tempe, just Read More

Grand Canyon University Secures Court Approval for Law School Targeting 2027 Opening

October 16, 2026

Grand Canyon University has received unanimous approval from the Arizona Supreme Court for its new College of Law, marking a historic milestone in Arizona legal education and establishing a pathway Read More

Phoenix Apartment Concessions Are Luring Students Away From Campus Housing

October 16, 2026

In a crowded multifamily market, on- and off-campus university housing in Phoenix is competing with a surplus of market-rate apartment offerings that lure students with discounts and concessions. Multifamily Read More

It’s true: Salad and Go is coming back to Arizona

October 16, 2026

Salad and Go isn’t gone after all. Two months after the Gilbert-born drive-thru chain filed for bankruptcy and closed every store overnight, a new ownership group is bringing the brand back to Read More

CREDA Arizona special section spotlights things to know in CRE

October 16, 2026

The CREDA Arizona supplement in AZRE spotlights the people, projects, trends and public-policy issues shaping Arizona’s commercial real estate industry. Featuring insights from leading developers and Read More

Apartment Rents Forecast to Rise Across All 50 Major Markets

October 15, 2026

Apartment rents are expected to rise in all 50 major markets RealPage tracks over the coming year, even as a weakening job market tests demand and another 320,000 units enter the market. For investors, the Read More

Trammell Crow Residential eyes Kierland office conversion as Florida-based owner exits project

October 15, 2026

A multifamily developer wants to take over a proposed office-to-apartment conversion project near Kierland, according to planning documents submitted to the city of Phoenix. Trammell Crow Residential⁠ filed Read More

Downtown Chandler to get its tallest building at long-vacant lot

October 15, 2026

After nearly 10 years of delays, Chandler's last vacant corner in the heart of downtown will be transformed into a two-tower apartment complex that includes what could be downtown's tallest building. The Read More

Office leasing sees selective recovery

October 15, 2026

Office leasing has bounced back substantially over the past year, but structural demand and supply issues are weighing on deal sizes, making it difficult for volume to fully recover its customary Read More

Phoenix office market shows uneven recovery signs, report shows

October 15, 2026

Marcus & Millichap has published its Q4 2026 Phoenix Metro Area Office report, which shows the Phoenix office recovery is contained to select submarkets and property segments.  “Phoenix is not Read More

Four Seasons Resort Scottsdale will sell for $372 million

October 14, 2026

Scottsdale’s luxury hospitality market is seeing another major transaction as the Four Seasons Resort Scottsdale at Troon North is under contract to sell for $372 million, following the recent sale of the Read More

Historic downtown Phoenix offices to become hotels

October 14, 2026

A century-old downtown Phoenix office building will get a new life as a hotel, after it was purchased by a hospitality developer. Aperture Hotels bought the Ellis Building, a six-story office building at Read More

3 Major Hotel Projects Advancing in Phoenix

October 14, 2026

Maintaining its status as one of the top hospitality development markets in the country, three major hotel projects have recently come to light or made progress in the Phoenix area. A July report Read More

Pickleball Chain Files Chapter 11 following Rapid Expansion into Arizona

October 14, 2026

The Picklr announced it has filed for a court-supervised restructuring under Chapter 11 to strengthen its financial foundation. In an October 10 statement, the indoor pickleball franchisor said its clubs Read More

Affordable housing developer scoops up land near Phoenix for build-to-rent project

October 14, 2026

Developer Dominium is planning a build-to-rent project in Avondale, Arizona, as it works to keep up with growth across greater Phoenix. The affordable housing developer, with headquarters in Read More