Daily News 9-9-2026

Across the Phoenix metro, new apartments are shrinking — but the decline varies widely by city. Scottsdale holds strong with some of the nation’s largest apartment markets, while new apartments in Phoenix and Mesa are now smaller than they were a decade ago. New rentals have taken the biggest hit in Glendale and Tempe, losing roughly the equivalent of a master bedroom. Here are the details from the latest RentCafe report on apartment size in 100 metros: Scottsdale ranks 17th…»

A $90 million luxury car garage project is moving full steam ahead in north Scottsdale, as numerous similar projects in the area take shape. Demolition is set to begin Sept. 9 on the former Fender Musical Instruments Corp. headquarters at 17600 N. Perimeter Center Dr. to make way for Finish Line Auto Club’s first Arizona location, just four months after the company acquired the 10-acre property for $20.7 million. “We’re really looking to attract that collector and enthusiast that’s…»

At the beginning of the year, the city of Tempe was given approval to acquire two historic buildings on Mill Ave., including the space where a popular live music venue once operated. Now the city is taking steps to bring new tenants to those buildings. Tempe City Council held public hearings Aug. 31 for ordinances that would allow the city to “negotiate and execute a lease agreement” for the Tempe National Bank building at 526 S. Mill Ave. — built in 1912 — and the Tempe Hardware…»

Commercial real estate investors have entered the second half of the year looking for a clearer path toward lower borrowing costs and a steadier transaction market. Instead, they are facing a capital-markets picture that has become more uncertain on two fronts. The Federal Reserve’s next decision remains tied to inflation and labor-market data, while long-term Treasury yields are being pushed higher by concerns that extend well beyond near-term monetary policy. Even if the Fed…»

A rising project in downtown Gilbert announced Tuesday a handful of new restaurant tenants. Heritage Park — a 10-acre, mixed-use development that spans an entire city block at Gilbert Road and Juniper Avenue and is being developed by Phoenix-based real estate development firm Creation — will soon be home to Popup Bagels, La La Land, Hudson House and Salt & Straw. National fitness brand [solidcore], also leased a space in the new development. The newly announced tenants…»