Commercial Real Estate & Business News – March 11, 2024
US Grocery Wars Heat Up With Aldi’s Plans for $9 Billion Expansion The competition among grocers is growing even fiercer, with German discount supermarket chain Aldi planning to add 800 stores across the United States to its fleet during the next five years in a $9 billion expansion. Aldi, with domestic operations based in Batavia, […]
Commercial Real Estate & Business News – March 8, 2024
Retail Developer Breaks Ground on The Trailhead Shopping Center in Northern Peoria Construction is underway to bring more than 900,000 square feet of commercial real estate and housing to a corridor of northern Peoria known for its mountain views and hiking paths. Peoria officials and local businesses joined the Pederson Group, a Phoenix-based retail developer…» […]
Commercial Real Estate & Business News – March 5, 2024
Here’s Why Metro Phoenix is Now The Biggest Data Center Hub in the Western US All of the big computers and related equipment that businesses rely on to manage their operations have to go somewhere, and they are increasingly being installed around metro Phoenix. Metro Phoenix now ranks first in the western United States and […]
Commercial Real Estate & Business News – March 4, 2024
Retail Vacancy Across Phoenix Drops to 40-Year Low of Less Than 5% Residents across Phoenix have flooded local stores, driving retail properties to their lowest vacancy rate in four decades. Overall vacancy in the Phoenix retail market has fallen to 4.8 percent, the lowest since the early 1980s, AZ Big Media reported, citing an analysis […]
Commercial Real Estate & Business News – March 1, 2024
Phoenix Inflation Slows Compared With Rest of U.S. After seeing the highest inflation rate in the country, Phoenix inflation has slowed compared with rest of U.S. and Phoenix inflation is also below comparison metropolitan areas. The Consumer Price Index for All Urban Consumers (CPI-U), often referred to as CPI, serves as an…» Multifamily Starts Predicted […]
Commercial Real Estate & Business News – February 29, 2024
Two Decades in the Making, Ritz-Carlton in Paradise Valley Expected to Open in ’24 The end to a nearly two-decade-long slog to develop a Ritz-Carlton resort hotel in Paradise Valley could be near, as construction on the hotel focuses on interior work and work on the hotel rooms and surrounding villas. At a projected $2 […]