Commercial Real Estate & Business News – March 31, 2025

Dick’s Sporting Goods (NYSE: DKS) has acquired nine acres in Gilbert to build one of its first Dick’s House of Sport concepts in the Phoenix area. The Pittsburgh-based company spent $6.8 million on land near the intersection of Williams Field Road and San Tan Village Parkway in Gilbert, according to Maricopa County records. The property was sold…»

In today’s interconnected world, airports facilitate the flow of people and goods that are essential for society to function. Phoenix-Mesa Gateway Airport is a prime example of how these pieces of critical infrastructure are not only economic powerhouses in their own right — it contributes $1.8 billion to Arizona’s economy annually, according to…»

Not all tariffs on foreign goods have taken effect in the United States, but the uncertainty is already leaving its mark on demand for industrial property. Warehouse owners say tenants are delaying decision-making on new leases as a result of the tariffs — both enacted and proposed — as they wait for a clearer picture on how potential price hikes from…»

Steadier conditions will prevail in this year’s shifting multifamily investment market as new inventory creates investment opportunities. The asset class’s transaction activity gained momentum last year, but buyers have been steering clear of Class B and Class C assets in recent years, according to Northmarq’s 2025 national outlook. Multifamily…»

A trio of mixed-use developments proposed in Phoenix could reimagine underutilized parcels near future Valley Metro Rail extensions. Two requests for proposals (RFPs) and a development agreement were unanimously recommended by Phoenix City Council’s Economic Development and Housing Subcommittee on March 26. One of the two RFPs is a proposal…»