Long-running Phoenix breakfast spot fà-me café relocating to Biltmore neighborhood
Fà-me café, a long-running local breakfast and lunch spot, will be moving later this year to Phoenix’s Biltmore neighborhood. The restaurant, which first opened more than a decade ago in central Phoenix, will be moving from its well-known location at 4700 N. Central Ave. to 2375 E. Camelback Road in Phoenix. The relocation is expected to take place in the fourth quarter of 2026. Fà-me café will be opening in a 3,600-square-foot space on the ground floor of the office building on the…»
Retail Demand Surges While Developers Hold Back
Retail developers are sitting on the sidelines just as tenants are ready to expand, creating a disconnect that is shaping one of the tightest and most competitive retail markets in years. That imbalance—robust retailer demand colliding with a shortage of new development—emerged as a defining theme at the National Association of Real Estate Editors conference in Miami this week. “The fear of retail overdevelopment is very small right now,” Danny Finkle, senior managing…»
Scottsdale-based developer secures $141M for 14-story luxury tower
Scottsdale-based The Hampton Group secured $141 million in construction financing for the ground-up development of IKONIC Scottsdale — a 14-story, 245-unit ultra-luxury apartment tower. An affiliate of the development and corporate consulting firm purchased the north Scottsdale-area site for $12.25 million in December 2021, per Maricopa County records. The tower is slated to open in 2028. The luxury residences are located at 16640 North Scottsdale Road at the intersection…»
Bascom Group acquires 289-unit apartment complex in Tucson, Arizona
Bascom Arizona Ventures, a subsidiary of The Bascom Group, has acquired Domain 3201, a 289-unit, garden-style multifamily property in Tucson, Arizona, from Investors Capital Group for $45.5 million, or $157,439 per unit, in an off-market transaction. The 14-building property at 3201-3225 W. Ina Road was constructed in two phases in 1985 and 1990. The property was last renovated in 2015. The unit mix includes 137 one-bedroom, 144 two-bedroom and eight three-bedroom…»
Multifamily ‘Rebalancing’ Nationally; Phoenix Pipeline Remains Heavy
After years of wild vacillation, the cumulative U.S. Multifamily market is showing signs of moving toward stabilization. Individual markets, however, all have their own stories to tell. Colliers’ Q1 2026 United States Multifamily report calls the current circumstances, “A rebalancing phase,” after a “recalibration period” to end 2025. At year’s end, the sector was still dealing with higher-than-normal deliveries and the resulting slowing of rent growth. The report finds conditions started to become…»