Daily News 8-11-2026

An entity tracing to Dallas-based Knightvest Capital paid $73.65 million for a 254-unit apartment community in midtown Phoenix, according to Tempe-based Vizzda LLC real estate database. Previously called Pavilions on Central Apartments, the property at 1 W. Campbell Ave. was sold by an entity tracing to Security Properties. Closing on July 29, the property has been rebranded as Dryden. This acquisition brings Knightvest’s Phoenix portfolio to 5,229 units across 13 properties in metro…»

Another coffee chain, one with a much smaller Arizona footprint, told a Texas bankruptcy court Aug. 7 that it had submitted a better offer to buy Salad and Go’s assets than Dutch Bros. 7 Brew, which announced its first Arizona locations in 2025, said the company had submitted a letter of intent that offered a better dollar-for-dollar value than Dutch Bros’ offer, Ross Fiedler, an attorney representing 7 Brew, said at the hearing. “I think there have been burdens placed on this marketing…»

The combination of an improved year-end outlook and better-than-expected performance in the second quarter has led Host Hotels & Resorts to raise its revenue per available room outlook. During the hotel real estate investment trust’s second-quarter earnings call, Jim Risoleo, chairman, president and CEO of Host, said the company now expects both its comparable hotel RevPAR growth and comparable hotel total RevPAR growth to both range between 4.75% to 5.25%. That’s an…»

AEW Capital Management has acquired Park 91, a two-building, 278,825-square-foot industrial park in Tolleson, Arizona, from Martens Development for $71.5 million, or about $256 per square foot. AEW acquired the industrial park on behalf of a separate account client. Public registry filings identify the Public Employees’ Retirement System of Nevada as the member of the recorded buying entity, NP Park 91, with AEW Capital Management as manager. The industrial park, constructed in…»

The Phoenix office market continued to show signs of stabilization during the second quarter of 2026 as tenant demand shifted toward high-quality suburban properties, offsetting challenges that continue to weigh on the urban core, according to a new report from Transwestern. Strong leasing activity, positive absorption and a shrinking supply of sublease space suggest the market is gradually finding its footing after several years of post-pandemic adjustment. According to…»