Commercial Real Estate & Business News – January 24, 2025

How strong is Phoenix’s economy compared to other large cities across the United States. Questions like that are what the Milken Institute set out to answer with its annual Best-Performing Cities report. Analysts at the nonpartisan think tank analyzed 13 different statistics to rank cities based…»

The 35th anniversary of the Greater Phoenix Economic Council (GPEC) presents an opportune time to reflect on three-plus decades of significant growth and change. Today, the driver of economic development covers 20-plus jurisdictions, has attracted billion-dollar projects to the region and…»

El Dorado Holdings Inc. is unveiling a new master-planned community in the southeast Valley, selling 363 lots to the first homebuilders. The Scottsdale-based developer sold 129 lots to Brightland Homes for $2.79 million, 110 lots to William Ryan Homes for $2.6 million and 124 lots to Century Communities…»

The retail real estate landscape continues to evolve in 2025, driven by changing consumer behaviors, technological advancements, and the competitive nature of securing premium retail spaces. Although retail continues to grow, the role of the physical store is here to stay, and more and more brands…»

The future of Big Lots in Arizona is finally clear. The company that saved Big Lots from bankruptcy has announced that it plans to close about 500 of the approximately 900 remaining locations, including all of the Arizona stores. Gordon Brothers, a Boston-based investment group, bought…»