Today’s News 9-29-2025

U.S. commercial property prices have sustained upward momentum in August, notching broad gains across major property sectors and marking their strongest annual performance since late 2022, according to MSCI’s RCA CPPI report. The National All-Property Index advanced 2.4 percent year-over-year and 0.9 percent from July, with the monthly pace equating to an annualized 11.1 percent increase. Retail assets remained at the forefront of price growth, posting a 5.3…»

Southern California-based Vallarta Supermarkets has made its first inroads into Arizona with plans to open a new store in Glendale in early 2026. Headquartered in Santa Clarita, California, Vallarta has been operating for 40 years, primarily focused on California’s Latino customer base. It has more than 70 stores in California and continues to expand in the Golden State. The company has already started construction on its first Arizona location and will be pursuing an aggressive growth strategy in the Valley. “We came to make a presence here, not for just one…»

As walls came down at Metrocenter Mall on November 18, a new vision was unleashed for the 80-acre property. The demolition marks the start of an $850 million redevelopment, transforming the site into a vibrant multi-use, self-contained, transit-oriented community encompassing the city’s new Metro Light Rail station, which will serve as one of the major focal points of the development. Spearheaded by Concord Wilshire Capital and TLG Investment Partners, in partnership…»

A handful of new stores and restaurants are open at Canyon Trails Towne Center, as the developer prepares to build another phase of retail buildings and a hotel on the Goodyear site. The center, which was once planned to be 100 acres of retail, began before the Great Recession. Because of the financial crash, only portions of the project got built, and the rest stalled, David Malin, president of Scottsdale Development Partners, a consultant working with the center’s owner…»

The region’s leading luxury retail center, Scottsdale Fashion Square, is taking new steps to enhance its shopper experience. Today Macerich (NYSE: MAC)—one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets—announced a new enhancement project that will elevate the central gathering space known as the Palm Court. The Palm Court is the hub of activity within the center and a…»