Commercial Real Estate & Business News – January 14, 2025

Starwood Capital and Pretium Partners are kicking off the new year with two single-family rental securitized loan offerings totaling a combined $1.17 billion. The offerings boost an ongoing rebound for mortgage-backed bond issuances in the industry even as rent growth slows. Last year…»

The median asking rent has fallen to its lowest level since March 2022 to end 2024 down 0.3% year-over-year to $1,594, according to a Redfin report. The decrease is likely due to an influx of supply that has pushed apartment vacancies higher. The report said asking rents were down…»

Estrella is gearing up for a big 2025. The master-planned community in southern Goodyear recently announced the planned construction of more than 500 houses across five different neighborhoods. Although they will be in different neighborhoods, all of the parcels will be in the Montecito village…»

Construction recently completed on the $78 million, five-level University Gateway Building at Arizona State University (ASU), a 128,000-square-foot building that wraps around the Mill Avenue Parking Structure in Tempe, Ariz. The parking structure, which was completed in late…»

The U.S. multifamily market posted a weak performance at the end of 2024, with advertised asking rents down $4 to $1,742 in December, according to the latest Yardi® Matrix Multifamily Report. Year-over-year growth fell to 0.6 percent, marking the 16th consecutive month of increases below…»