Daily News: 3-13-26
Phoenix office vacancy turned the corner in 2025 Following five years of disruption, the Phoenix office market took a step toward recovery in 2025. The vacancy rate for traditional office buildings fell from a record high of over 24% in 2024 to 23.3% by the end of last year. While the improvement was gradual and […]
Daily News: 3-12-26
Phoenix developer Vestar eyes two state land parcels for mixed-use projects near TSMC Phoenix-based retail developer Vestar has its sights set on two pieces of vacant desert land owned by the state of Arizona that it wants to scoop up at auctions sometime this year. Both sites are just east of Interstate 17 – across […]
Daily News: 3-11-26
Underallocated Investors Eye CRE as Market Dynamics Shift After several years of low returns, investors have shown greater interest in commercial real estate. While 2023 and 2024 were challenging years, the downturn was largely capital markets-driven, shaped by higher interest rates and constrained liquidity rather than by deteriorating underlying supply-and-demand fundamentals. In 2026, improving debt […]
Daily News: 3-10-26
What’s that 8-story building going up in CityNorth in Phoenix? Location: Southwest corner of 56th Street and Deer Valley Drive, just north of Loop 101 in Phoenix. Description: A 240-room hotel is under construction in north Phoenix’s new CityNorth development. The hotel, which is dual-branded — AC by Marriott and Element by Westin — will […]
Daily News: 3-9-26
Managing Arizona’s most precious resource: TSMC Arizona’s thoughtful plan for managing water use As economic developers look for ways to bolster Arizona’s economy, they must balance the need to attract relocating and expanding companies with the availability of our state’s most precious resource: water. TSMC selected North Phoenix as the site of its U.S. operation […]
Daily News: 3-6-26
2 hotels coming to former Fiesta Mall, as redevelopment takes shape Two hotels are slated for Palo District, the former Fiesta Mall site in Mesa, its developers announced. Sunny Day Sports, the district’s developer, made the announcement on March 2 stating it would support the project’s “emerging role” for women’s health and elite athletics. The […]