What to know about the new hotel tower at Phoenix’s CityNorth
New corporate offices, restaurants and apartments are breathing life into Phoenix’s sprawling CityNorth development. A new 240-room hotel tower will soon join the mix to welcome visitors and spur tourism in the area along the burgeoning Loop 101 corridor. LaPour Partners and Holualoa Cos. — a commercial real estate developer and an investment firm, respectively — are behind the project, which got underway last summer. When complete, the tower will feature the names of two notable…»
Phoenix hotels generate billions in economic activity, report says, with more in pipeline
The hotel industry adds billions of dollars in spending to the Phoenix area, according to a report from the American Hotel & Lodging Association. The report, which was released last week, showed that hotel operations in Phoenix and spending by visitors of those hotels produce $7.2 billion in economic activity in the city annually. The American Hotel & Lodging Association (AHLA), which commissioned Oxford Economics to do the research for the report, argues that the data shows hotels…»
Top Markets for Industrial Development in 2025
The latest ranking points to a slowdown in activity, with some surprising outliers. Industrial real estate’s next stage of growth will be defined by trade policy decisions and a much bigger need for efficiency across operations. After the speculative surge from 2022 to 2024 resulted in above-average delivery volumes, industrial real estate market trends now point to a more moderate approach. This latest ranking of the top markets for industrial development, based on Yardi Matrix…»
EdgeCore Gains Zoning Approval For Scaled-Back Mesa Data Center
EdgeCore gained approval from Mesa’s planning and zoning board on March 11 to build out a data center site in the city, according to the East Valley Tribune. The green light comes after the Denver-based developer agreed to shrink its proposed center from 2.1M SF to 1.2M SF. The project will now go before the Mesa City Council. The project covers half of an approximately 90-acre site already owned by EdgeCore in the Eastmark community along the technology corridor. The…»
Housing demand still positive, but for how long with rising rates?
Lower mortgage rates and less volatility have been one of the key positive stories in 2026 for the housing market. Until last week, rates were under 6.25% all year and we didn’t see much volatility, which is a key variable for a healthy housing market. However, a lot of that changed last week as the conflict with Iran is still escalating, with no end in sight. For now, our data shows housing demand is still positive year over year, but, as in previous years, whenever we get a mortgage rate spike…»