Common Bond breaks ground on Eastmarket at Eastmark
Common Bond Development Group, the award-winning development team behind the world-renowned Global Ambassador Hotel, Park at 83 in Peoria, and a wide portfolio of best-in-class lifestyle destinations anchored by Fox Restaurant Concepts and Upward Projects, has officially broken ground on Eastmarket at Eastmark, a new, community-focused retail destination in the heart of Mesa’s award-winning master-planned community, Eastmark. Anchored by Sprouts…»
Economists view recent trends and offer words of caution for the road ahead
At the National Association of Business Economics’ annual meeting in Philadelphia last week, economists, executives and policymakers discussed a wide range of topics. Here are a few takeaways from conference speakers on the American consumer, artificial intelligence and immigration and trade policies that may interest the commercial real estate industry. While the labor market has weakened, high-income households remain in a strong position and continue to…»
Kaos Hospitality to open two new restaurants at Tempe’s Watermark development
Kaos Hospitality is expanding its presence in the Watermark mixed-use development in Tempe with plans to open two new restaurant concepts complex. The company has operated its Asian-inspired steakhouse Three Thirty Three at the Watermark, along Scottsdale Road north of Tempe Town Lake, since late 2024. Now it has leased two other restaurant spaces and is looking to expand its offerings in Tempe. The first of the new concepts to open will be 212° Shabu Shabu, which…»
New study shows how Phoenix could turn empty offices into housing
A new report by The Pew Charitable Trusts and global architecture, planning, and design firm Gensler shows Phoenix could turn empty offices into housing and help the city address two major challenges: a surplus of vacant offices and a shortage of housing. The report outlines how co-living, dorm-style micro units can be designed and financed to provide lower-cost homes for people earning well below the area median income. Median rents in metro Phoenix have…»
Federal Realty JV Lands $73M for Phoenix Retail Portfolio
A joint venture led by Federal Realty Investment Trust has obtained a combined $73.3 million for the refinancing of the Chandler Shopping Center Portfolio, two retail properties in Chandler, Ariz., totaling 616,639 square feet. The financing consists of a $51 million mortgage for the 354,548-square-foot Chandler Festival and a $22.3 million loan for the 262,091-square-foot Chandler Gateway. PNC Bank provided the five-year, fixed-rate loans, public records show. JLL Capital…»