Ceasefire Reshapes Rate Outlook as Markets Revive Fed Cut Bets
REITs have outperformed broad market equities year to date, with the FTSE Nareit All Equity REITs Index posting a total return of 3.8%, Nareit reported. During the same time period, the Dow Jones U.S. Total Stock Market fell 4.0% and the Russell 1000 fell 4.2%. However, Nareit’s John Barwick cited “significant uncertainty affecting all asset classes” in the past month as the war with Iran has continued. Before the conflict began, most REIT sectors had…»
Phoenix approves 260-room hotel near Mayo Clinic
Phoenix City Council has approved measures to clear the way for a new 260-room hotel to be built in north Phoenix near the Mayo Clinic. During its April 8 meeting, Council approved rezoning and changes to existing plans that will allow for a hotel to be built on the southeast corner of 64th Street and Mayo Boulevard. Council also approved measures to allow for more density on adjacent land, which could be turned into apartments, condos or attached…»
An overhaul of mall near Phoenix could boost Arizona’s standing as a soccer hub
A vacant, 80-acre site that was the longtime home of a shopping mall in Mesa, Arizona, is set to transform into a mixed-use redevelopment that could boost the state’s soccer standing. Scottsdale-based Sunny Day Sports is leading the direction and investment efforts for the planned Palo District — the project name for the reimagined Fiesta Mall site at 1445 W. Southern Ave. Sunny Day Sports plans to transform the site into a 25,000-seat soccer stadium, hotels, retail,…»
Mangat Group Expects To Spend $250M on Small Bay Developments in Greater Phoenix
The Mangat Group sees potential in the Phoenix metro area for small bay industrial, announcing it will spend $250 million across four developments it is planning in the area in the sector. Nationwide, construction is concentrated on warehouses that span more than 100,000 square feet, which leaves a scarce supply on the market for smaller companies, according to a release from Mangat. Plus, the demographics in Phoenix are favorable for…»
Scottsdale among Top 5 U.S. cities for strongest jobs growth
Monster today released its Q1 2026 Monster Market Report, offering new insights into where employers are hiring, which roles job seekers are pursuing, and how hiring patterns are shifting across industries and cities. The report also identifies Scottsdale among the cities with the strongest jobs growth. The report analyzes top job titles posted by employers, the most searched job titles by candidates, hiring trends across major occupational groups, and the fastest-growing…»