CRE Price Appreciation Likely to Maintain Slow Pace in 2026
The Green Street Commercial Property Price Index decreased 0.1% in December 2025. Over the past 12 months, the all-property index has increased 2.3% while remaining down 15.9% from the 2022 peak. “Property prices increased 2% last year, and that’s about where I’d set the line for ’26,” said Peter Rothemund, co-head of strategic research at Newport Beach, CA-based Green Street. “Real estate is fairly valued versus corporate bonds, so unless medium-to-long-term interest rates move…»
Historic downtown buildings to be demolished, new HQ in the works
Some of the few remaining structures from Phoenix’s original downtown warehouse district could soon be demolished and repurposed for a high-end corporate headquarters housing Bonafide Beef – an Arizona-based Wagyu beef ranching company. On Jan 12, Phoenix’s Historic Preservation Committee recommended approval for a rezoning request for a 0.57-acre site at the northeast corner of Central Avenue and Jackson Street. The property is home to three structures that are rare remaining…»
Aldi is expanding in Arizona. Here’s what you need to know
Aldi is continuing to grow across the Valley. It will open 10 new stores in metro Phoenix in 2026, and has plans to build a new distribution center in Goodyear by 2028, according to a Jan. 12 announcement. Aldi originally bought land for the Goodyear distribution center in 2017, but the project had stalled. The locations of the new stores have not yet been released. The move is part of a larger nationwide expansion for the popular discount grocery chain. Aldi will open 180 new locations…»
Banner Health resumes North Scottsdale hospital push
Regarding a new hospital, many communities would have two words: “Yes, please!” Here in Scottsdale, it’s a bit more complicated …After purchasing undeveloped land on Hayden Road just south of the Loop 101, Banner Health announced plans to build a smaller “HealthCare Plus” – and a full-service, full-blown hospital. That might seem logical, considering the growth of the area, from the massive Optima McDowell Mountain luxury apartment complex right next door…»
New High-Rise Community Proposed For Tempe
The Empire Group of Cos. is proposing a new high-rise community called Revelry in Tempe, Arizona, the company announced in a Wednesday press release via its luxury urban Aspirant Development division. The new Class-A mixed-use high-rise community is expected to break ground this spring on the corner of Rural Road and University Drive. Under proposed plans, Revelry would boast 533 residential units across two towers, one with 17 stories and the…»