Commercial Real Estate & Business News 7-10-2025

A 565-acre mixed-use industrial development near the Goodyear Airport will include 63 acres of new retail and restaurants, the developer announced. The first retailer, a Quik Trip Travel Center, will be on about five acres of land and will begin construction by the end of the year. The retail project, called Estrella Gateway, is part of the Goodyear AirPark development, which is primarily industrial, near MC 85 and Estrella Parkway. It is being developed by Lincoln…»

With nearly half the year gone, there have been almost 6,000 announced U.S. store closings, far surpassing openings in terms of number and square footage and driven by retail bankruptcies. Coresight Research this week said it’s tracking 5,822 store closings as of June 27, representing an estimated 123.7 million square feet of retail space. That’s outpacing the 3,960 announced store openings, totaling 74.5 million square feet, during the same…»

LaPour Partners and Holualoa Companies broke ground on AC/Element CityNorth, a new $92 million dual-branded hotel located in the CityNorth, a premier mixed-use development adjacent to Desert Ridge Marketplace in North Phoenix. Adjacent to the new Sprouts Headquarters, this eight-story hotel will bring together two distinctive Marriott brands under one roof — AC Hotel by Marriott and Element by Westin — 142 AC rooms and 98 Element suites…»

Phoenix-based developer George Oliver, in partnership with Ascentris, has launched plans for Arbor Old Town, a new luxury office redevelopment in the heart of Old Town Scottsdale. Spanning more than 360,000 square feet across three buildings and six acres at the prominent corner of Scottsdale and Indian School roads, the project will introduce the district’s first hospitality-driven campus, combining next-generation workplace design with high-touch…»

For more than sixteen years, the commercial real estate industry has waited for a resolution to the conservatorships of Fannie Mae and Freddie Mac. The question of when these government-sponsored enterprises will regain independence continues to loom large over the sector. While the timeline remains uncertain, two industry experts believe that recent legislative developments and mounting regulatory momentum could bring the long-awaited end…»