Commercial Real Estate & Business News – March 13, 2024

Aldi has announced its most ambitious expansion plans to date as it continues to grow its U.S. footprint coast to coast. The discount grocer plans to add 800 stores nationwide by the end of 2028 through a combination of new openings and store conversions. In line with its plans...»

Portico, the luxury condominium community from award-winning Belgravia Group in the Loop 101 and Scottsdale Road corridor, announced it has topped off the first building in its nine-building development. Initial move-ins are set to occur in late Summer 2024. Now is the time to…»

Office vacancy in the Valley remains high, as in-person office work never fully rebounded from the shift to remote work that came with the COVID-19 pandemic. Some office experts said the future will show which buildings are the “winners” that remain useful and relevant, and “losers” that are no…»

About 100 acres of state trust land in north Phoenix that the Arizona Coyotes are hoping to buy for their future home is valued at $68.5 million, according to a new appraisal. The appraisal was filed Thursday with the Arizona State Land Department. It determines the market…»

Last week, Federal Reserve Chair Jay Powell told a congressional committee that we shouldn’t expect any kind of soft landing victory lap, when and if the time comes that the Fed decides it has finally beaten inflation and avoided a recession. It’s been a bumpy road, and it seems that…»