Daily News: 4-2-26
Commercial Real Estate Rapid data center expansion could strain city budgets, create credit risk The explosion in demand for data center capacity and rapid planning to get projects off the ground could pose a risk to local governments’ creditworthiness. As developers and investors tout tax revenues for communities, the facilities could also drive economic concentration […]
Daily News: 4-1-26
Phoenix restaurant group TPQ Foods preps new West Valley eateries TPQ Foods, the Phoenix-based restaurant group behind concepts such as Pa’La Wood-Fired Kitchen and Tortas Paquimé, is preparing to open two new restaurant concepts in the West Valley. Later this spring, Magdaleña, a wood-fired dining concept will open in Goodyear. And in Glendale the company […]
Daily News: 3-31-26
Office Vacancy Rate Sees First Significant Decline in Years Even in a market still defined by uncertainty, February 2026 has a glimmer of encouragement for the U.S. office sector. According to Yardi’s CommercialCafe, national office vacancy averaged 17.6% that month—a two-percentage-point improvement from a year earlier. The decline suggests some long-awaited stabilization, though an elevated […]
Daily News: 3-30-26
First Costco on Native American land in US coming near Scottsdale Costco will begin construction this summer on land in the Salt River Pima-Maricopa Indian Community near Scottsdale, part of the Scottsdale AutoShow at Salt River. The Costco will total 162,000 square feet and employ about 250 people full time, said Bryan Meyers, community manager […]
Daily News: 3-27-26
Developer seeks 350 more luxury condos at $1B Scottsdale project The developer of a $1 billion mixed-use community in north Scottsdale wants to add hundreds of luxury condos to a project decades in the making. Now, DMB Associates Inc. is awaiting a recommendation from the Scottsdale Planning Commission on a “zoning district map amendment” before […]
Daily News: 3-26-26
Creation completes construction of $250 million Park Algodon in West Phoenix After losing ground in 2024, the Phoenix medical office market regained its footing last year as demand rebounded, vacancy compressed and investing strengthened. Supported by steady demographic tailwinds and continued expansion in healthcare employment, the sector is entering 2026 on more stable ground, even […]