Daily News 10-27-2026

Roka Akor signs lease for second Arizona location in Gilbert

Roka Akor, one of the Valley’s most celebrated elevated Japanese restaurants, is preparing to open its second location in Gilbert. The restaurant, which has operated in Scottsdale near Indian Bend and Scottsdale roads for nearly two decades, has signed a lease to open at Northside at SanTan Village, the high-end retail and restaurant component of Okland Capital and San Tan Development Group’s Northside mixed-use development in Gilbert. Roka Akor, which offers a menu cooked on an…»

Phoenix office building bought for hotel conversion

Equus Group sold the Ellis Building, a six-story office building at 135 N. 2nd Ave. in downtown Phoenix, for $10.3 million, or $161.76 per square foot, to Aperture Hotels, which intends to redevelop the property into a hospitality destination.

Plans call for preserving the building’s architectural character while repositioning it to serve growing visitor demand generated by such nearby attractions as the Phoenix Convention Center, Chase Field and Arizona State University’s downtown campus…»

Phoenix developer Pederson Group plans 34-acre mixed-use project with unnamed grocery anchor

Phoenix-based Pederson Group has plans for a new mixed-use project at a prime 34-acre site within Avondale’s evolving commercial core. The developer is working through the city’s approval process to build a shopping center with a 99,000-square-foot unnamed grocery anchor and a 118,000 square-foot industrial building.

The project site – at the northwest corner of Avondale Boulevard and Van Buren Street – is the latest puzzle piece in Avondale’s overall BLVD project, which…»

Apartments slated to join office park in land-constrained Arizona city

A long-standing Chandler office campus could soon gain a residential component for the first time, marking a significant shift for one of the city’s largest employment centers as officials look for ways to add housing in a nearly built-out market.

Chandler’s Planning and Zoning Commission recommended approval of developer Douglas Allred Co.’s proposal to build 669 apartments and additional retail space at Allred Park Place, a 180-acre mixed-use campus that is nearing full build-out…»

Valley neighborhood ranks among nation’s 100 most expensive housing markets

Paradise Valley has reached another milestone among the nation’s 100 most expensive housing markets, with its median home sale price climbing to a record $3.6 million and securing a place among the nation’s 30 most expensive ZIP codes.

If you think Arizona luxury real estate is expensive, Paradise Valley just raised the bar. Paradise Valley’s 85253 ZIP code ranks No. 30 among the most expensive ZIP codes in the United States, according to PropertyShark’s 11th annual ranking of…»