Aldi’s long-awaited Goodyear distribution center moves forward with site plan approval
Aldi’s plans for a regional office and distribution center in Goodyear are finally moving ahead. The grocer has long had expansion plans in the Valley and proposed a regional office and distribution center in Goodyear nearly eight years ago. The project went dormant but was reactivated last year when Aldi submitted a site plan with the city. The city approved that site plan for the facility in late September, according to a Goodyear spokesperson. The complex will be…»
New Multifamily Forecast Suggests a Return to Pre-Pandemic Market Dynamics
The multifamily market is starting to look more ordinary again—and that might be the best news investors have heard in years. After nearly half a decade of volatile rent growth, supply-chain disruptions and economic uncertainty, Yardi Matrix executives Jeff Adler and Paul Fiorilla say the sector is nearing equilibrium. Their latest projection points to a tightening yet more predictable environment by 2027—one where steady construction flow and modest rent increases…»
Construction costs have stabilized, but hotel developments still face challenges
The Lodging Conference took place at the picturesque JW Marriott Phoenix Desert Ridge during the first full week of October. Despite ongoing challenges in the capital markets, conference attendees remained upbeat, noting recent large transactions as green shoots in the hospitality industry. Coincidentally, the conference venue was sold in a large portfolio deal earlier in the year, underscoring investor interest in trophy assets. Development activities face more challenges than…»
Scottsdale Plaza Resort branded to Phoenix’s first Kimpton resort
The Scottsdale Plaza Resort is being rebranded as Kimpton Miralina Resort & Villas and will be the first IHG Hotels & Resorts (NYSE: IHG) luxury and lifestyle property in the Paradise Valley/Scottsdale market when it opens in early 2026. Kimpton, which is under the IHG umbrella, announced Oct. 17 that the property will be branded and undergo a renovation. Located at 7200 N. Scottsdale Road in Paradise Valley, the resort has just over 400 rooms and villas and is located…»
Desert Financial Arena in Tempe set for major renovation, upgrades
Desert Financial Arena is about to get a brand-new look. Arizona State University is embarking on a multiyear, multiphase renovation of the arena — home of the Sun Devils’ men’s and women’s basketball, volleyball, gymnastics and wrestling teams — with an estimated cost of $100 million. The project, which has an anticipated completion date of December 2029 and requires approval by the Arizona Board of Regents, includes: New loge boxes. Club-level seating…»