Commercial Real Estate & Business News – February 20, 2025

With the year-over-year inflation rate at 3% in January, the personal-finance website WalletHub today released its updated report on the Changes in Inflation by City and found that Phoenix is the city with the second-lowest inflation problem in the U.S. The U.S. inflation rate hit a 40-year…»

Banks in Arizona and western states are benefitting from a generally solid economy with ongoing growth and steady employment and remain “safe and sound,” a top Federal Reserve official said in Phoenix. She said banks are probably anticipating a bit less regulation coming from Washington…»

PHOENIX — Phoenicians craving a beach day usually have to drive a few hours to sit in the sand and enjoy the waves. However, a new Mesa water park will give people surfing experiences with much shorter travel times. The park, which is called Revel Surf, is now open for business…»

Multifamily performance started the year on a promising note, with the average U.S. asking rent increasing $3 to $1,746 in January. Year-over-year growth was up 20 basis points to 0.8%, according to the latest Yardi Matrix National Multifamily Report. Despite strong absorption—Yardi Matrix recorded…»

Dominated by the industrial and logistics sector, net lease investment volume increased by 19 percent quarter-over-quarter and 57 percent year-over-year in the fourth quarter of 2024, reaching $13.7 billion, according to a new report from CBRE. That quarter helped…»