Commercial Real Estate & Business News – April 7, 2025

Glendale City Manager Kevin Phelps would like to see the $1.2 billion VAI Resort and Mattel Adventure Park welcome guests before he leaves the city in 2026 for his next career move. The hospitality project, which kicked off construction in 2021 in Glendale’s sports and entertainment district, is the single project Phelps said he’s...»

Still going strong, the Arizona economy added large numbers of new jobs and residents last year. Nominal taxable retail plus remote sales expanded slowly, while personal income growth decelerated. Single-family permits increased significantly but housing affordability remained low. The labor market remains very tight…»

The new owner of Big Lots is relaunching the chain it rescued, starting to reopen the more than 200 stores it acquired as part of the retailer’s bankruptcy. Henderson, North Carolina-based Variety Wholesalers plans to kick off the first wave of openings of its newly purchased Big Lots locations Thursday with nine stores across six…»

The project also includes a park that will be an amenity for both workers in the buildings and the surrounding community. In total, the project will include five buildings on 44 acres, according to real estate database Vizzda. The project is being developed as a partnership between Formation Interests and Crescent…»

Chris Walton, the CEO of ATLAS Capital Partners LLC, is taking a “contrarian” position with his company’s latest acquisition and planned Mesa Industrial project. The Scottsdale-based real estate development and investment firm closed March 27 on the $13.8 million acquisition of a 38-acre property near the intersection…»