Daily News: 3-17-26
Luxury Retail in 2026: Where Opportunity Lies The K-shaped economy, spending patterns and aspirational shoppers will be vital to both brands and landlords. Luxury retail entered 2026 with a sense of cautious optimism. While luxury spending isn’t as robust as 2023, the market contraction of the past two years has slowed, and landlords and retailers […]
Daily News: 3-16-026
Halo Vista will create a ‘city within a city’ in TSMC’s backyard Through smart planning, savvy investing and stakeholder alignment, the Valley’s reputation as a nascent industrial powerhouse is spreading. TSMC’s $165 billion campus in North Phoenix is symbolic of the region’s transformation away from the boom-bust cycle that left it vulnerable during the 2008 […]
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 […]