Canadian restaurant chain eyes Camelback Road for new Joey Biltmore concept
Joey Restaurant Group, a Canadian restaurant company, has proposed opening its first location in Arizona where an office building now stands on Camelback Road near 32nd Street in Phoenix. The restaurant group has proposed an adaptive reuse project for the office building that now stands at the southwest corner of Camelback Road and 31st Street, according to documents submitted to the city of Phoenix. The documents indicate the restaurant would be called…»
CRE Financing Shifts Toward Private Capital and Traditional Banks
A clearer picture is emerging of how commercial real estate lenders behaved in the first half of 2025, and the shifts suggest how the rest of the year could unfold. According to MSCI, lender composition has changed notably from pre-pandemic norms, signaling a reshaped financing landscape driven by new risk appetites and capital sources. Between 2015 and 2019, the typical lending mix reflected a stable hierarchy: 17% commercial mortgage-backed securities (CMBS), less than…»
Avondale selects Blueprints Capital as master developer for The BLVD project
The City of Avondale has selected Blueprints Capital as the master developer for three key parcels within the Park Avenue District of The BLVD, and awarded a fourth parcel to Whitten Development, which plans a hospitality-focused project in the area. “This is an exciting moment for our city,” said Avondale Mayor Mike Pineda. “The selection of development partners brings us closer to realizing the full potential of The BLVD. These projects directly align with City Council’s strategic goals…»
CSAA Insurance Group inks hefty office lease in Deer Valley
A new report by CSAA Insurance Group has signed one of the largest office leases in the Deer Valley submarket since the pandemic. The company recently inked an eight-year, 41,000-square-foot lease at Terrawest, a Class A office building at 25800 N Norterra Pkwy in north Phoenix that’s owned by Silver Creek Development. The large lease marks the latest win for Silver Creek, which earlier this month executed a 130,000-square-foot lease with SyberJet — which is led by former…»
Barclay Group plans four-building industrial project in Vistancia, filling void left by Amkor
A new speculative industrial development is coming to Peoria. Vistancia Commerce Park at Five North is being developed by Barclay Group and will be located within the 320-acre commercial core of the Vistancia master planned community, which amounts to 7,100 acres overall. The area is where Amkor previously planned to build its massive semiconductor packaging and testing facility before relocating to Peoria’s Innovation Core after facing opposition from Vistancia…»