Commercial Real Estate & Business News 7-15-2025

Target will open 3 new stores in these Arizona cities. Here’s what to know

Shoppers in three metro Phoenix cities will soon have another option for clothes, home goods, electronics and groceries. Major retailer Target plans to open new stores in 22 states, including three in Arizona. “From the Big Apple to the California coast and in between, our stores are at the center of…»

Why hotel deals under $50 million are leading the US transactions market No matter what the conditions, deal-making in the hotel industry never fully stops. Despite a number of factors, particularly recent economic uncertainty and slowed U.S. hotel transaction pace during the first half of the year, there were hotel owners and investors who still tried to…»
Here’s what’s partly behind the pickup in US apartment demand

A Canadian investor’s deal to buy six apartment complexes across the Sun Belt is more than just the purchase of 1,600 apartments. It’s also the latest bet that increasing multifamily demand is set to gain more momentum in the second half of the year as fundamentals improve…»

Potato Barn to build Valley distribution center near proposed concert venue

Mesa-based Potato Barn Unique Home Furnishings has plans to build a new distribution warehouse in the East Valley near an existing store and the concert venue the company is developing. On July 15, Mesa’s Design Review Board will look at a proposed furniture warehouse and…»

‘Visionary’ makes another power move

Kurtzdale, anyone? If Scottsdale was a board game, anywhere you landed on a stretch of North Scottsdale Road – you’d be paying rent to George Kurtz. In a strong bid to be the monopolist of this area, Kurtz has struck again, adding Scottsdale Quarter to an eye-popping Scottsdale Road portfolio that…»