Commercial Real Estate & Business News – April 22, 2025
3 East Valley projects are being built. Here’s where and what Big-name commercial retailers are landing across the East Valley, with some set to start construction in 2025. Developers are eyeing far east Mesa as the next place for major development, including one of its largest commercial projects set to open in 2026. Tempe Marketplace […]
Commercial Real Estate & Business News – April 21, 2025
Trader Joe’s, Sprouts gain ground in Phoenix grocery market as competition heats up In Phoenix’s ultracompetitive supermarket industry, two grocery chains – Trader Joe’s and Sprouts Farmers Market – saw their share of the market grow more than other brands this past year. California-based Trader Joe’s, which added three new stores in the Valley in […]
Commercial Real Estate & Business News – April 18, 2025
Multifamily Demand Remains Robust in Q1 The multifamily industry’s record supply wave continued in the first quarter, with 116,092 market-rate units delivered over the last three months. According to RealPage’s first quarter analysis, this is on par with the prior quarter’s record high. Demand also continued to surge as 138,302 units…» Apartment Developers Who Overbuilt […]
Commercial Real Estate & Business News – April 17, 2025
Data center boom tests Arizona’s power grid Data centers consume an inordinate amount of electricity, and the Corporation Commission is trying to figure out how to cope with the demand. The big picture: With low energy costs and few natural disasters, the Phoenix metro area has become one of the top data center markets in […]
Commercial Real Estate & Business News – April 16, 2025
NRF: March sales see ‘moderate’ gain as consumers stock up before tariffs Retail sales inched up in March after two straight months of declines, but gains remained moderate amid consumer concerns about rising tariffs. Core retail sales (excluding restaurants, automobile dealers and gasoline stations) edged up 0.4% month over month in March and up…» Planned […]
Commercial Real Estate & Business News – April 15, 2025
Construction begins on $326 million North 2 Concourse in Terminal 3 McCarthy Building Companies Inc. recently began construction of the $326 million North 2 Concourse in Terminal 3 at Phoenix Sky Harbor International Airport, which includes the addition of six new passenger gates. Phoenix Sky Harbor International Airport’s Terminal 3 handles approximately 25% of passenger […]