Phoenix restaurant group TPQ Foods preps new West Valley eateries
TPQ Foods, the Phoenix-based restaurant group behind concepts such as Pa’La Wood-Fired Kitchen and Tortas Paquimé, is preparing to open two new restaurant concepts in the West Valley. Later this spring, Magdaleña, a wood-fired dining concept will open in Goodyear. And in Glendale the company will pen Paquimex, a Mexican restaurant that the TPQ Food’s founder, Omar Alvarez, said is the next evolution of his Tortas Paquimé restaurant. “We’re always looking…»
US apartment rent increases remain modest heading into spring leasing season
U.S. apartment rents rose a scant 0.2% on average in March, suggesting that spring pricing increases are building more slowly than usual. The national average climbed to $1,723 from February’s upwardly revised level of $1,719, according to Apartments.com’s latest report on multifamily rent trends. The modest increase extended a run of positive monthly rent growth that began late last year, following flat to declining monthly performance in the second half of 2025. On an annual…»
Legal Fees Become the Next Big Cost Driver in CRE Deals
Commercial real estate deals are getting bigger again — and so are the legal bills that come with them. After a widespread drop in property valuations, transaction volumes have rebounded, pushing costs higher across the board: from construction and insurance to taxes and utilities. But few line items have risen as sharply as legal fees. Soaring legal costs aren’t just a trend in real estate. They mirror a broader boom in law firm revenue. In 2024, the bottom half of...»
North Scottsdale’s Atavia tops out Phase 1, nears sellout
Atavia, the 88-unit luxury condominium community by Chicago-based Belgravia Group, has reached a major milestone with phase one officially under roof and nearing sellout. With this milestone, phase two is now fully released, offering a new opportunity for buyers to secure a residence. Construction remains on schedule, with initial move-ins expected by winter 2026. Upon completion , Atavia will feature 14 four-story buildings with thoughtfully…»
Aldi snags big box retail spaces left vacant by Big Lots, trampoline park
Aldi is taking up several big box retails spaces around the Valley that were left vacant by struggling retailers including Big Lots and shuttered trampoline parks, according to documents filed with Maricopa County. Since the beginning of March, the discount grocery chain has signed three leases that were filed with the Maricopa County Recorder’s Office. The new stores will be in Phoenix, Peoria and Cave Creek. The grocery chain is already in the process…»