Some of the biggest projects around Phoenix made major strides in 2025.

The owners of acclaimed Phoenix Thai restaurant Glai Baan will open a new concept in a historic Tempe building, while a hot Texas-based Italian restaurant is making its first expansion outside the state.

Vestar has long been know for being the go-to developer in the Phoenix area for retailers.

As consumer behaviors evolve and e-commerce continues to shape the retail landscape, commercial real estate owners are being challenged to rethink what makes a shopping center successful.