Commercial Real Estate & Business News – April 26, 2022

The city of Phoenix is proposing an agreement with Concord Willshire Capital LLC for the redevelopment of the defunct Metrocenter Mall, which was once the largest mall in the Southwest but closed in 2020 due to market changes and the…»
Home shoppers are facing a one-two punch this spring: Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. The cost of a 30-year mortgage on the typical U.S. home is now…»
The U.S. industrial market is off to a busy start in 2022 as demand remains high for logistics, e-commerce and manufacturing space everywhere. Demand outpaced supply for the sixth consecutive quarter in the first quarter, with the U.S. market absorbing…»
ALDI, one of the country’s most trusted grocers, is coming to Mesa with food (and more) that the whole family will love, all at great prices. With its aggressive nationwide growth in recent years, ALDI is on track to open 150 new stores and become the…»
David Malin — who had attracted Portillo’s to Tempe Marketplace in 2013 back when he was a top executive at Vestar — is now bringing the Chicago-based eatery to Tucson. The founder and president of Scottsdale Development Partners paid…»