Tempe approves 400-unit affordable housing project along light rail corridor
A Tempe neighborhood along the light rail is about to get hundreds of affordable apartments and a grocery store in an area that’s become a food desert. Tempe City Council held a final hearing Nov. 13 to discuss Dorsey Station — a 400-unit development that is 90% affordable — and it unanimously passed an ordinance for a planned area development overlay for the project. It’s the city’s latest effort to bring affordable housing and healthy food back to the transit…»
Greater Phoenix Multifamily Occupancy Improves Amid Record Deliveries
Multifamily core fundamentals are showing resilience in Greater Phoenix, despite supply flooding the market, according to a Colliers market report. Occupancy saw a 30 basis points year-over-year increase in the third quarter to 93.5 percent. The biggest improvement was seen in North Phoenix, which enjoyed a 1.1 percent boost to 93.6 percent. Just three subarkets (Camelback, Chandler and Oldtown Scottsdale) experienced occupancy drops…»
Phoenix medical office market shows further signs of stabilization in 2025
The Phoenix medical office market has performed well so far this year, bouncing back after a challenging 2024, according to CoStar’s latest Medical Office Report. Over the past 12 months, occupied space increased by about 305,000 square feet. This is a turnaround from 2024, when the market lost roughly 87,000 square feet of occupied space. This recovery comes as more than 450,000 square feet of new medical office space was completed, showing…»
Nintendo-inspired Rainbow Road opens on Roosevelt Row
Intersection Development, in conjunction with Räkkhaus Studio, announced the completion of its Rainbow Road project located at 1030 N. 1st Ave. in Phoenix. The project’s design incorporates a variety of elements inspired by Nintendo’s video game series Mario Kart’s Rainbow Road track – playful elements, movement, repeating geometric patterns, and color, honed into a striking contemporary building. “Rainbow Road is a reminder that cities don’t have…»
Thai Chili 2go to add 8 Valley locations in next year, eyes expansion
Thai Chili 2go, a fast casual Thai restaurant chain based in Gilbert, will add eight new locations to the Valley over the next year. The company, which started about a decade ago as a spinoff from Thai Chili, a traditional sit-down Thai restaurant in the East Valley, has grown in popularity and presence over the past 10 years. There are currently 17 Thai Chili 2go locations around the metro Phoenix area and the company plans on growing its store count by at least…»