Commercial Real Estate & Business News – February 12, 2025

Arizona added nearly 57,000 jobs year-over-year in 2024 as Arizona job growth continues, according to an analysis. Arizona added 3,400 seasonally-adjusted jobs over the month in December, similar to revised job growth in November of 3,500. The preliminary November data put growth at 4,100 jobs. In December…»

The U.S. industrial sector experienced changes in both the number of projects coming online and the asset types being built. Over the previous years, more than 90 percent of industrial starts were from warehouses and distribution facilities, but the focus is now shifting towards manufacturing and data centers. The…»

Phoenix has landed again in the top 10 markets ranked by commercial real estate investors in a recent CBRE Group Inc. survey. The Valley ranked No. 10 — a drop from last year’s seventh spot — and was one of several Sun Belt markets that investors rated high on their list for growth rates and strong demand for product…»

There has been plenty of chatter among office landlords about the market’s long-awaited recovery, but one of the nation’s largest such firms is among the few heavily buying into the anticipated rebound. Cousins Properties invested nearly $1 billion in offices during the fourth quarter, making the period…»

Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion in 2025, a 16% increase from 2024’s estimated total of $503 billion. That’s according to an updated baseline forecast released by the Mortgage Bankers Association (MBA) at its 2025 Commercial/Multifamily Finance…»