Officials tee up major industrial site to attract the ‘next big thing’ to Arizona
More than 2,000 acres of farmland in Buckeye, Arizona, could be transformed into the region’s next employment hub and create what local officials estimate could be more than $1 billion in economic benefits, a proposal that provides a glimpse into the growth of one of the nation’s fastest-expanding large cities. The city is priming the industrial site known as Grand View Arizona through rezoning and annexing efforts to help land Phoenix’s next mega-user or, as Ken Galica, Buckeye’s…»
Aldi’s growth spurt comes to Mesa, plus other retail news
Aldi, the fastest-growing grocer in the U.S., has opened its latest store in the Valley at 1045 S. Gilbert Road in Mesa. This is the latest in Aldi’s major expansion in the Phoenix market, which will include opening at least 10 stores in 2026 and a new distribution center in the Goodyear in 2028. The new Mesa Aldi is opening in a 25,225-square-foot former 99 Cent Only store that Aldi leased for at least 10 years, according to Maricopa County records. “At our new Mesa Aldi store, shoppers will…»
Retail Availability Runs 15% Below 10-Year Average as New Supply is Scarce
The U.S. retail sector’s available space and investable inventory continues to remain scarce into 2026, according to data from CoStar. Even as national net absorption has fallen in three of the past five quarters, availability has held flat and remains about 15% below its prior 10-year average. Minimal retail space coming onto the market has allowed the sector to absorb pockets of softer demand without becoming oversupplied. It has also shaped rent and pricing dynamics, CoStar…»
Luxury residential tower with 24 stories, retail space breaks ground near downtown Phoenix
A 24-story tower in central Phoenix offering luxury residences and retail broke ground Thursday, project officials announced. The tower, known as The Whitney, will include 328 residential units featuring vinyl plank flooring, tiled bathrooms and walk-in showers. Building amenities will include a fitness center and a rooftop pickleball court. The $131.2 million development also includes more than 22,000 square feet of retail space, which will be leased by…»
Phoenix jobs cool, but wages keep rising
Phoenix employment has softened as unemployment has risen, but wage growth, retail spending and housing sales show economic resilience, according to an analysis from the Economic and Business Research Center (EBRC). In February, the non-seasonally adjusted civilian labor force in the Phoenix-Mesa-Chandler MSA (Phoenix MSA) fell 1.4% over the year to 2.7 million. January recorded a minor gain of 0.1% to 2.8 million. Non-seasonally adjusted resident employment in the Phoenix…»
