Commercial Real Estate & Business News – May 26, 2021

One of the industry’s leading restaurateurs and premier hospitality brand developers, Sam Fox, is making his official foray into the luxury hospitality industry with the announcement of his internationally inspired hotel, The Global Ambassador. Where Phoenix, Scottsdale and Paradise Valley converge,…»

A partnership led by real estate developer Mortenson broke ground on Arizona’s first office development to use cross-laminated timber as a primary building material, another sign of the increasing popularity of the construction type that’s touted as more environmentally friendly. Construction of the…»

Chandler-based grocery chain Bashas’ started offering grocery delivery in 2017, but it didn’t really take off until 2020 when the service became immensely popular because of the Covid-19 pandemic. Bashas’ offers its same-day grocery delivery through third-party delivery service Instacart,…»

Alongside cities from Canada, Hong Kong, Israel and Chile, the City of Tempe was named a winner of the Smart 50 Award. This program recognizes innovative and influential projects with current or future municipal-scale impacts. Tempe was named one of the world’s Smart 50 cities for its…»

About a year has passed since the economy started to recover from the coronavirus recession, and the rebound so far is solid if not uniformly positive. Some key measures have improved substantially, including corporate profits and the stock and housing markets. Others show worrisome trends,…»