Commercial Real Estate & Business News 7-8-2025

New developments and projects continue to sprout all over Maricopa County — a result of the rapid and sprawling growth of metro Phoenix. With the Valley continuing to expand, much more infrastructure is needed, as are grocery stores, gas stations and most certainly housing. But with much of Phoenix built out, developers are finding ways to repurpose…»

U.S. hotel labor costs per occupied room (POR) have surged across major markets, with the steepest increases concentrated in Sun Belt and coastal destinations. Rising labor expenses are a growing concern for hotel operators, particularly as wage legislation ramps up in key markets. The San Diego and Phoenix markets top the list with 33% increases…»

If the Arizona housing market had a crystal ball, its forecast would read: “cautious optimism.” Experts across the housing industry, from builders to bankers, forecast a 2% to 5% increase in existing home sales, even as the country deals with economic uncertainty. Median home prices are expected to stay relatively stable, supported by rising inventory, strong…»

Lisa Vanderpump is bringing a new restaurant to the Valley. Vanderpump, known for her role on Bravo’s hit show “Vanderpump Rules,” is slated to open a Wolf by Vanderpump restaurant at the Caesars Republic Scottsdale before the end of the year. Construction is scheduled to begin next week. The 6,500 square foot restaurant will be on the luxury…»

Don’t look now, but Arizona is nearly bringing up the rear for job growth. The state finds itself in the unusual position of lagging most of the nation in this important category, as well as neighboring states. Arizona in recent decades had been an expansion economy, creating thousands of jobs and luring thousands more people. The labor force grew…»