Daily News 10-7-2026

The Phoenix industrial real estate market continued to expand in the third quarter of 2026, fueled by strong tenant demand, significant leasing activity and continued investment in logistics and advanced manufacturing. According to research from Kidder Mathews, industrial leasing activity totaled 7.6 million square feet during the quarter, while direct net absorption reached 2.9 million square feet. Despite continued construction activity, total vacancy declined 180 basis points year…»

Varde Partners has closed on a $65.5 million loan to refinance a newly completed build-to-rent community. Scottsdale-based Empire Group received the financing for its 240-unit Village at Sonoran Vista. Arranged by Way Capital, the floating-rate loan has a three-year initial term with two one-year extension options. Varde has originated $9 billion in U.S. commercial real estate loans since 2017. Spanning 34 acres in the Deer Valley submarket, the community is within a three-mile radius…»

True Food Kitchen said it has filed for bankruptcy protection, already closed a dozen restaurants and is seeking a buyer or partner for the health-conscious chain.

The Scottsdale, Arizona-based company, now with 34 remaining restaurants across 14 states, initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. In addition to restructuring and seeking to optimize its brick-and-mortar footprint, True Kitchen said it will “pursue a court-…»

Freddie Mac’s serious delinquency rate reached 0.64% in August, a level the Mises Institute describes as its highest in more than two decades—a warning for investors already contending with weak rent growth, rising operating costs and difficult refinancing. The two agencies are not moving in lockstep. Fannie Mae’s delinquency rate declined in August and is below where it started the year. But it remains more than twice its December 2022 level, suggesting that the recent improvement has…»

A longtime landfill on the edge of Mesa and unincorporated land in Maricopa County is looking to rezone more than 180 acres to allow for four digital billboards and outdoor storage.Johnson Stewart Materials LLC is requesting to change the land-use designation from rural development to heavy industrial on its property and a rezoning on the northern and southern portions of Loop 202, east of Alma School Road.The Maricopa County Planning and Zoning Commission unanimously voted…»