Daily News 10-8-2026

Chris Collins, the chef and founder of Common Ground Culinary, said that while his new concept — Cowboy Seafood — makes so much sense to him, other people have to see it to understand. While Phoenix has its share of competition-level barbecue joints and restaurants with elevated seafood, Collins is bringing those things together on the same menu. He think that not only does the food goes good together, but the space is perfect for the concept. “When you walk in, the…»

Yardi Matrix expects apartment rents to hold up with only a limited drop-off in the final quarter of 2026, setting the stage for a gradual national recovery. But improving rents may not be enough to lift property values: Higher financing costs could keep valuations under pressure throughout 2027. That split outlook emerged during Yardi Matrix’s recent multifamily webcast presentation, featuring Jeff Adler, vice president of Yardi Matrix, and Paul Fiorilla, its director of research. For…»

Phoenix’s architectural landscape is transforming. For decades, we’ve seen business developments, lifestyle hubs and communities sprout up across the desert. But as we look toward 2035, the question is no longer simply how much Phoenix will grow, but what kind of city that growth will create. mixed use simply as different uses located next to one another, developers and architects will be thinking more intentionally about how residential, hospitality, retail and workplace…»

Rising interest rates are forcing commercial real estate buyers to revisit deals priced months ago, but the pressure could also create openings for investors ready to act. As higher borrowing costs squeeze returns and widen the gap between buyers and sellers, a coming wave of loan maturities could push more owners to adjust their expectations and give lenders a larger role in driving transactions. Some buyers are already threatening to walk away unless sellers agree to better terms, The Wall…»

The Phoenix commercial real estate market saw a year-over-year decrease in leasing activity in the third quarter of 2026 and is down to 1.29 million square feet. The sales volume in the quarter was $470,000, and the total vacancy rate decreased 10 basis points year-over-year. Market drivers: The Phoenix office market recorded 23,600 square feet of positive direct net absorption in the third quarter of 2026.

Central Corridor recorded the highest positive net absorption at 105,600 square…»