Commercial Real Estate & Business News – February 21, 2025

Incoming GDP, labor market and inflation data point to an economy that entered 2025 with strong momentum, according to the Fannie Mae Economic and Strategic Research (ESR) Group. Although the ESR Group’s GDP outlook for year’s end is unchanged at 2.2%, it revised upward its expectations for the…»

Maintaining occupancy rates has moved to the No. 1 threat for property managers, according to AppFolio’s third annual Property Manager Benchmark Report. This has increased 20% from 2023 and has overtaken inflation as the top concern. Rising insurance costs was cited as the next biggest…»

The new year is brimming with confidence, according to our 2025 Retailer Expectations Survey. Surveyed retailers and wholesalers think the economic outlook for the year ahead is improving, and the percentage who are concerned about a recession has dropped significantly from last year’s survey…»

Faith Burton bought some of her first formal outfits at the Arizona Center when she was a kid. Now, as the director of special projects for Presson Corporation, the owner of the center, she has been tasked with breathing new life into what was once a signature development in downtown Phoenix…»

PHOENIX – Despite worsening drought conditions in Arizona, the metro Phoenix water supply is “actually in a good situation,” according to a top Salt River Project (SRP) planner. “Even though we’ve had one of the driest winters on record, the water supplies stored in our reservoirs were…»