Deals, openings and the latest retail market news in Arizona

Shake Shack Sells for $3.9M at 99th and McDowell

Phoenix, Ariz., 09/22/2026. Phoenix Commercial Advisors facilitated the sale of Shake Shack, a newly built, single-tenant restaurant property. The property, located on the northeast corner of 99th Avenue and McDowell Road in Phoenix, sold for $3,900,000, or $1,083.33 per square foot.

Sale · Phoenix · $3,900,000

Downtown Gilbert Development Lands Popup Bagels, Salt & Straw and 3 Other Tenants

A rising project in downtown Gilbert announced Tuesday a handful of new restaurant tenants.

Retail Leads as CRE Recovery Diverges Across Sectors, Markets

The U.S. commercial real estate recovery is following markedly different paths across property sectors and markets, Integra Realty Resources (IRR) said in its newly released 2026 Mid-Year Viewpoint Report. More than 90% of retail markets surveyed are in recovery or expansion, while office markets remain evenly divided between recovery and recession.

Glendale, Scottsdale among top US cities for booming main streets as retail, hospitality surge

Two Valley cities are in the top 10 for small business growth, with one of those singled out as one of the best for job growth, according to a new analysis.

Union Street at Norterra Sells for $843 per SF

Phoenix, Ariz. - Phoenix Commercial Advisors facilitated the sale of Union Street at Norterra, a newly constructed multi-tenant retail center. The property, located on the northeast corner of Norterra Parkway and Happy Valley Road in Phoenix, Ariz., sold for $843 per square foot.

Sale · Phoenix · 16,501 SF

Ross Joins Prescott Power Center, One Anchor Space Remains

Prescott, Ariz., 08/14/2026. Ross Dress for Less has signed a lease for approximately 22,425 square feet at Village at the Boulders, a Walmart-anchored shopping center located at Gail Gardner Way and Iron Springs Road in Prescott, Arizona, Phoenix Commercial Advisors has announced.

Lease · Prescott · approximately 22,425 SF

The Mick Brasserie to open second location at Higley Commons in Gilbert

The Mick Brasserie, a Scottsdale restaurant, will open a second location in a 4,400-square-foot space with a patio at Higley Commons, a mixed-use development in Gilbert. Phoenix Commercial Advisors' Courtney Auther Van Loo and Teale Bloom represented the landlord, Mill Creek Residential.

Sunbelt Investment Holdings Nears Completion of Buckeye Retail Hub

Sunbelt Investment Holdings is developing Buckeye Commons, an over 440,000 square-foot complex anchored by Costco. San-Diego based Sunbelt Investment Holdings is getting closer to finishing a major retail center it’s…

Mesa Absolute NNN Corporate Ground Lease Trades at $2.6M

Phoenix Commercial Advisors facilitated the sale of Valvoline, a brand-new absolute NNN corporate ground lease in Mesa.

Sale · Mesa · $2,600,000

Surprise Multi-Tenant Retail Center Trades at $10.7M

Phoenix Commercial Advisors facilitated the sale of Grand Village Center, a necessity-based multi-tenant retail center in Surprise.

Sale · Surprise · $10,700,000

Festival Ranch Marketplace is coming to Buckeye

Plans are in the works for Pederson Group ’s newest commercial development: a 114,000-square-foot upscale shopping center at the northeast corner of Canyon Springs Boulevard and Sun Valley Parkway. Festival Ranch…

Hudson House to Make Greater Phoenix Debut with Two Locations in 2027

Vandelay Companies is bringing Hudson House to Greater Phoenix with two locations slated to open in 2027.