Commercial Real Estate & Business News – January 22, 2025

What’s in Store for Retail in 2025?

The retail sector is set for yet another year of transformation as it continues to adapt to shifting consumer preferences, economic headwinds and technological innovations. One of the key retail trends that will define this year is the steady focus on necessity-based retail, with grocery…»

Here’s how East Valley economic development is exploding

The East Valley region continues to be a destination for business attraction, thanks to its large population — 1.4 million people according to the economic development organization PHX East Valley Partnership — and favorable regulatory environment. The region is also home to high-paying…»

Phoenix Commercial Real Estate Market Update: 2025 Outlook Observations from the CCIM IREM Forecast

As we navigate through 2025, the Phoenix commercial real estate market continues to evolve, presenting both challenges and opportunities across various sectors. Here are my notes from the CCIM-IREM Economic Forecast from Friday regarding office, multifamily, industrial, and retail…»

Greenlight Communities delivers nearly 700 units of Arizona workforce housing in 2024

PHOENIX — Greenlight Communities experienced a record year in 2024 and helped working Arizonans fill 696 apartment units, the most since the company started up in 2016. Besides giving Valley residents many more affordable housing options, Greenlight Communities also gave…»

CRE Community Eagerly Awaits Trump’s Deregulation Agenda

During his first day in office, President Donald Trump issued several executive actions and orders, including rescinding 78 executive actions implemented by the Biden administration. They covered various subject areas from ending birthright citizenship to declaring a national emergency on the…»