Commercial Investment Real Estate

06/16/2026

CRE capital and demand are quietly firming up. Debt markets just hit record competitiveness as lenders fight to win refinancing mandates, Arizona is back to positive job growth with more than 13,000 jobs added year over year, and Flagstaff is now one of the nation’s fastest-growing renter markets. At the same time, hotel investors are concentrating capital in luxury and upscale leisure properties, while Phoenix ranks No. 1 in the country for weekend trips—bolstering hospitality and travel-driven real estate fundamentals.

CRE lending hits new high as lenders compete for refinancing deals

06/15/2026

Arizona CRE is buzzing with reinvention: Waymo just bought a 5,500-acre Wittmann proving ground for $220M, Glendale is unveiling a nearly $100M downtown campus reinvestment, Chandler Fashion Center is backfilling a former Sears with Arizona’s first Seafood City, Tucson’s former Foothills Mall is being reborn as a 2.5M SF “urban resort village,” and Phoenix’s long-stalled One Camelback office tower is finally converting into luxury apartments. For more on what’s happening across the state, click the link to read today’s CRE daily news.

Waymo buys Wittmann testing site for $220 million to test robotaxis, resume freeway training

06/12/2026

Phoenix keeps building momentum, with new mixed-use towers bringing housing, retail and fresh energy near Roosevelt Row, even as multifamily rent growth stays under pressure nationwide. Phoenix is also standing out as office-using job growth shifts to Sun Belt markets, while higher refinancing costs are forcing a more disciplined, cash flow-focused approach across CRE. For all the latest updates, click the link for today’s CRE daily news.

26-story downtown Phoenix tower to add grocer, art gallery

06/11/2026

JUST SOLD in Tucson! 🎉

Nick Miner, CCIM with ORION Investment Real Estate is excited to announce the sale of a two-tenant, NNN-leased retail property anchored by Cost Plus World Market and D-BATs at 5975 E. Broadway Blvd., Tucson, AZ 85711.

The ±36,800 SF freestanding building on ±4.25 acres sold for $6,400,000, or approximately $174 per square foot.

Cost Plus World Market has occupied the center for more than two decades under a corporately guaranteed lease, while D-BATs recently opened following a mid-September 2025 grand opening, providing long-term, stable cash flow for the buyer.

Nick Miner, CCIM, Senior Vice President at ORION, exclusively represented the seller, AC Tucson Retail, LLC. The buyer, Pardi Properties Broadway Boulevard, LLC, was represented by Rich Butler with Marcus & Millichap.

To learn more about this sale or other opportunities, contact Nick Miner, CCIM, at ORION Investment Real Estate or visit https://nickminer.com/properties/5975ebroadwayblvd/

06/11/2026

Retail is clearly the star of the show right now: shoppers keep spending, sales are up for the eighth month in a row, and retail is literally dragging CRE prices higher. Add in strong job growth, a shiny new luxury community in Kierland changing hands with a big loan behind it, and Phoenix planning a mixed‑use, transit‑friendly project at the old Christown Spectrum site—and it kind of feels like this market skipped the “take it easy” phase altogether.

06/10/2026

The spring market is finally showing some spark again — existing-home sales jumped 3.2% in May, hitting the highest level since December and proving buyers are still out there despite rates and low inventory. Want the full picture of what’s happening right now? Grab your coffee and dive into today’s daily news.

Waymo acquires 5,458-acre proving grounds site in $220M deal

06/09/2026

If you’re in commercial real estate and not reading this newsletter, you probably heard about rising rents, more cranes coming to North Scottsdale, the Jake’s Unlimited reboot, and that big Southeast Valley industrial sale from your group chat… last week. If you are reading it, you’re the friend who casually drops, “Yeah, multifamily’s stabilizing, Scottsdale’s getting another wave of condos, Mesa’s family fun is back, and a 1.3M SF park just traded,” like it’s no big deal—aka the walking CRE cheat sheet.

National Multifamily Report – May 2026

06/08/2026

Busy Monday on the Arizona CRE front: fà-me café is packing up its Central Ave digs for a new Biltmore home, retailers want more space than new projects can keep up with, a luxe 14-story Scottsdale tower just scored major construction financing, Bascom Group picked up a 289-unit community in Tucson, and multifamily nationally is “rebalancing” while Phoenix’s pipeline keeps humming.

Long-running Phoenix breakfast spot fà-me café relocating to Biltmore neighborhood

06/05/2026

Big Friday energy in Arizona real estate: Microsoft is doubling down in Goodyear with a huge land buy for more data centers, Phoenix is a national standout for industrial demand, multifamily deals are hitting pause over pricing gaps, new projects are popping up to serve TSMC workers, and the One Camelback office tower is almost fully transformed into luxury apartments with pre-leasing now open.

Microsoft spends $130M on Goodyear land to expand West Valley data center footprint

06/04/2026

Big moves around the Valley: the Atari Hotel site downtown is finally being cleared, Luna Grill is bringing more Mediterranean spots to Phoenix, and a major makeover is coming to the Scottsdale waterfront with The Lakefront at Scottsdale—against a backdrop of rising prices, tighter household budgets, and new tax savings angles for multifamily investors.

Developer starts demolition process for Atari Hotel site