Daily News 11-10-2026

A $70 million development that will include an apartment tower and the preservation of historic buildings near Roosevelt Row in downtown Phoenix began construction.

The development will consist of a 12-story apartment tower called Sisu and the rehabilitation and reuse of several buildings. Among those is the 116-year-old Stoddard-Harmon House, which will be converted into a restaurant. The project, located at First Avenue and McKinley Street, is being developed by Intersection…»

Healthcare in Arizona is undergoing significant transformation. Five major providers — Abrazo Health, Dignity Health, City of Hope, Banner Health and HonorHealth — are accelerating their expansion to meet the needs of a rapidly growing population and a shifting statewide demand for advanced, accessible care. These investments also reflect Arizona’s emergence as a medical destination. Seasonal visitors fill medical centers when they arrive late in the year. Executives across all five…»

Apartment sellers may soon face a choice between lower prices and fewer deals. Multifamily sales hit their second-highest level in four years in the third quarter, according to preliminary data cited by Marcus & Millichap. Now higher interest rates threaten to slow that pace, even as the shrinking construction pipeline is starting to favor owners. In its November Housing Research Brief, the firm said higher borrowing costs could limit how much debt buyers can use for acquisitions. That…»

Dutch Bros Inc. (NYSE: BROS), is ramping up its expansion, even as it is already opening up stores faster than it ever has. Earlier this week, the Tempe-based drive-thru beverage chain announced plans to open 250 new stores in 2027, which is a 35% increase from the 185 stores set to open in 2026 and up more than 60% from the 154 the chain opened in 2025. “Over the past 12 months, we’ve opened more shops than in any other 12-month period in our company’s history,” Dutch Bros…»

RED Development has obtained $69.3 million in refinancing for The Offices at The Grove, a Class AA office building in Phoenix. Kevin Mackenzie, Jason Carlos and Frank Chums of JLL Debt Advisory team arranged the five-year, fixed-rate loan with PGIM’s real estate investment group for the borrower. The financing collateral consisted of the office building, Pyro restaurant, two retail spaces and an underground parking facility. Completed in fourth-quarter 2022, The Offices at…»