Commercial Real Estate & Business News – April 21, 2025

In Phoenix’s ultracompetitive supermarket industry, two grocery chains – Trader Joe’s and Sprouts Farmers Market – saw their share of the market grow more than other brands this past year. California-based Trader Joe’s, which added three new stores in the Valley in the past 12 months, saw the biggest year-over-year…»

As an indicator of burgeoning improvements in the office sector, loan originations on office properties are on pace to surpass last year’s tally, Avison Young said Thursday. Roughly $15.7 billion in office loans were originated in the first quarter of 2025, following $41 billion in all of 2024 and $44 billion in all of 2023. In addition…»

A Texas-based technology infrastructure company broke ground on a 100-acre new Glendale data center officially began on Tuesday. Aligned Data Centers plans to build four facilities on the 100-acre site. At the heart of this development is PHX-13, a 72-megawatt data center that is now under construction. “This project…»

Creation, a leading real estate development and alternative investment firm, in partnership with PGIM Real Estate, the real estate investment and financing arm of Prudential Financial Inc, has closed on a 16.45-acre site in North Scottsdale to develop The Loop, a premier Class-A industrial development breaking ground this…»

A Texas-based developer has begun two projects in Desert Ridge that will bring nearly 600 apartment units to that part of north Phoenix and is seeking to build something taller in the future. ZOM Living began construction on two apartment developments in late March, the first projects for the company to break…»