Bulking up supply chain, Dollar Tree buys Arizona distribution center
Discount juggernaut Dollar Tree is bolstering its supply chain, acquiring a distribution center in the Phoenix area for $147.1 million to better serve the Southwest. The Chesapeake, Virginia-based retailer on Friday said it had purchased a 1.25 million-square-foot industrial facility at 7200 N. Sarival Ave. in Litchfield Park, Arizona. Dollar Tree will be the first company to operate the turnkey facility, which is slated to open next spring. Lincoln Property Co. sold the Class A industrial…»
Demand, economic pressures sink multifamily rents, Yardi Matrix reports
New Yardi Matrix research reveals that faltering demand, high supply and declining economic growth combined in September 2025 to produce the biggest one-month drop in the average U.S. multifamily rent in almost three years. The average advertised rent fell $6 to $1,750, the largest decrease since November 2022. While rents remain close to their all-time highs, “the drop could signal emerging market softness,” according to a new Yardi Matrix national report. A key…»
Tech firm relocates Valley HQ to Chandler, doubles space with new lease
A tech firm is relocating its headquarters from Gilbert to Chandler and more than doubling its office footprint by moving into a 30,257-square-foot space in the city’s downtown area. Showit, which operates a website-building platform for entrepreneurs and website designers, is moving to the Johnathan, a George Oliver office renovation project, located at 55 N. Arizona Place. The Johnathan and its sister building, the Alexander, amount to 219,580 square-feet, and were…»
Modular office giant WillScot settles into 90,000-square-foot Scottsdale space
WillScot Holdings Corp. has completed its move into a new headquarters space in Scottsdale. The company, previously based at 4646 E. Van Buren Street in Phoenix, signed a lease in 2024 for nearly 90,000 square feet of space on an entire floor of the newly built Scottsdale Entrada, according to previous reporting by Phoenix Business Journal. WillScot Holdings Corp. (Nasdaq: WSC) is the parent company of WillScot Mobile Mini. The company leases and sells turnkey…»
A New Wave of Institutional Capital is Reshaping Affordable Housing
Institutional capital is changing the landscape of affordable housing, with new investor profiles, growing mandates from pension funds, the rising presence of offshore capital, and an expanded focus on impact investing that is guiding not just where the money flows but how properties are designed, operated and measured for success. While affordable housing was once a niche asset class, it has become a go-to play for institutional money seeking both…»