Office Vacancy Rate Sees First Significant Decline in Years
Even in a market still defined by uncertainty, February 2026 has a glimmer of encouragement for the U.S. office sector. According to Yardi’s CommercialCafe, national office vacancy averaged 17.6% that month—a two-percentage-point improvement from a year earlier. The decline suggests some long-awaited stabilization, though an elevated vacancy rate underscores how far recovery still has to go. The imbalance remains..»
George Oliver Cos. has found its first tenants for Arbor Old Town — the Old Town Scottsdale office redevelopment that is the firm’s most ambitious project to date. Symmetry Software, a subsidiary of Gusto, signed a 32,480-square-foot lease at the office campus. The Scottsdale-based software company that operates a payroll technology platform will move its headquarters from its current north Scottsdale office at 14350 N. 87th Street to the new location. A “notable” financial…»
Japanese grocery store opening 1st Arizona location. What to know
A specialty Japanese grocery store will open its first location outside of California in north Phoenix. In November 2026, Osaka Marketplace will move into the shopping plaza at the intersection of Union Hills Drive and Seventh Street and begin construction, said Julia Li, the plaza’s property manager. Founded in the Bay Area in 2021, Osaka Marketplace specializes in Japanese ingredients and prepared food. The 35,000-square-foot space will feature a fresh produce section, a sushi counter…»
Scottsdale investor Rise48 snags apartment asset at ‘massive discount’
Scottsdale-based Rise48 Equity is back in acquisition mode after taking a break during an oversupplied multifamily market. Rise48 Equity just bought a 194-unit multifamily community at 1050 W. 8th Ave. in Mesa that was built in 1986. Closing on March 20, Rise48 Equity paid $33.8 million for the property, which was 92% occupied when the transaction closed, said Zach Haptonstall, CEO and co-founder of Rise48 Equity. Haptonstall noted that he acquisition marked a “massive discount”…»
Phoenix-area industrial facility sells for $30 million in tactical gear manufacturer acquisition
Cadre Holdings acquired a manufacturing facility in Peoria, Arizona, for $30 million as part of its broader acquisition of tactical gear manufacturer TYR Tactical. The property, located at 9330 N. 91st Ave., sold for approximately $426 per square foot. Built in 2017, the single-story industrial building serves as the headquarters for TYR Tactical, which fully occupies the 70,432-square-foot facility. The real estate purchase was part of Cadre’s larger acquisition of…»