Daily News 7-28-2026

Toy Barn’s flagship luxury car garage location is on track to begin construction within the 124-acre Mack Innovation Park in north Scottsdale. The 205,000-square-foot, six-building facility will sit on 10 acres of land off Loop 101, between Bell and Pima roads, making it the luxury car storage company’s eighth and largest site, Toy Barn co-founder and principal Jason Phillips told the Business Journal. Toy Barn is an early pioneer of luxury car garages in the Phoenix metro, opening its first location…»

Fewer apartments are sitting empty, rent prices are climbing, and yet the deals keep coming. According to the Zillow® June Rental Report, the typical U.S. asking rent rose to $1,965, up 2.2% compared to a year ago, and nearly 2 in 5 rental listings came with a concession attached. For property managers, that means pricing power isn’t back yet. A concession is a move-in discount, commonly a free month’s rent, waived fees or free parking. For renters who land a freebie, the real cost of…»

Construction is expected to begin by the end of this year on a San Tan Valley retail development that aims to bring restaurants, stores and medical offices to an “underserved” market. Scottsdale-based Diversified Partners expects to receive permits in the next three months to move ahead with its project at Ironwood and Ranch roads, Walt Brown, the company’s CEO, said. The development includes about 24 acres and will include about 25,000 square feet of retail and restaurant space…»

U.S. rents are rising more quickly and fewer apartments are sitting empty, but elevated concessions show that many landlords have not yet regained meaningful pricing power. The typical asking rent increased 2.2% year-over-year to $1,965 in June, according to Zillow. At the same time, 39.7% of rental listings offered a concession, up from 35.2% one year earlier. The seemingly contradictory trends reflect a rental market beginning to tighten but still digesting the inventory…»

Jay Krew has been selected for inclusion in Marquis Who’s Who. As in all Marquis Who’s Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process. Mr. Krew has established a distinguished career in industrial and commercial real estate, currently serving as the senior vice president at ORION Investment…»