$1 billion Scottsdale development on former CrackerJax site nears key approval
Plans for the $1 billion development of the former CrackerJax site in Scottsdale could move forward if they are approved at a city meeting this week. The Scottsdale Development Review Board will vote Nov. 20 on the first phase site plans for The Parque. Building elevations, lighting, landscape and phasing plans have been recommended for approval by city staff. The Parque’s first phase will include 690,968 square feet of restaurants, retail, fitness and housing situated…»
Scottsdale, Taser-maker OK headquarters deal after lengthy dispute
Taser-maker Axon will build fewer apartments in north Scottsdale after reaching a deal with city leaders on Nov. 17, ending a monthslong dispute over its planned headquarters project. Following an hours-long debate, the City Council narrowly approved the compromise that will keep Axon’s $1.3 billion corporate campus in Scottsdale and squash a local group’s referendum challenging the project. “This creates finality on this issue,” Mayor Lisa Borowsky said of the new…»
CRE Recovery Boosts Q3 Multifamily Office Sales
Following a sluggish first half of the year, the US CRE market posted a strong third quarter. Altus Group’s Q3 2025 report shows a significant uptick in both deal volume and pricing across most property sectors, signaling renewed investor confidence. In total, 45,893 properties changed hands, a 12.6% increase from Q2 and a 6.8% rise from the same period last year. The cumulative dollar volume for Q3 reached $150.6B, marking the highest quarterly total since before the…»
Vestar completes Queen Creek Crossing, now 100% leased
Vestar, one of the leading privately held shopping center owners and managers in the western United States, announced the completion of Queen Creek Crossing, a 31-acre retail development that broke ground in 2022. Anchored by Costco, Queen Creek Crossing spans more than 400,000 square feet of dynamic retail and dining. The center is 100% leased, including major national and regional retailers, restaurants, and essential services, further enhancing…»
2026 Housing Market Set for Big Rebound
Home sellers and buyers may be in for a happier year in 2026 if the predictions of Lawrence Yun, chief economist of the National Association of Realtors (NAR), pan out. Yun’s predictions include a 14% boost for existing home sales, and a 5% rise in new home sales. The improvement will be backed by a 4% increase in home prices and a dip in interest rates from 6.7% to 6% that will improve affordability. Continued job gains – 1.3 million more were predicted for…»