Commercial Real Estate & Business News – February 3, 2025

Multifamily has shown an interesting pattern with importance beyond the category. Core and value-add metrics outperformed expectations in the third quarter of 2024 and core asset IRR targets rose as underwriting stabilized in Q4. CBRE reported “substantial movement” in unlevered…»

Belgravia Group, Chicago’s award-winning real estate developer with more than 75 years of luxury developments constructed under its brand, has closed on 4.57 acres of land for Atavia, an 88-unit luxury condominium development located in North Scottsdale’s “new luxury corridor” at….»

Scottsdale-based Cypress Development Partners is planning a mixed-use campus in north Phoenix to help meet the demand for medical office space. Called The Interchange, the project will be developed in two phases and feature approximately 233,500 square feet of commercial…»

Arizona State University is a comprehensive teaching, learning and discovery enterprise — more than 1 in 4 working Arizonans with at least a bachelor’s degree earned it from ASU — but its benefits and economic impact extend well beyond broadening the horizons of…»

National apartment rents have started the year downward, registering the sixth straight month-over-month decline in January. According to Apartment List’s February national rent report, rents fell 0.2% this month and the category remains negative year-over-year at -0.5%…»