Commercial Real Estate & Business News – April 4, 2025

At the Americas Lodging Investment Summit in January and the Hunter Hotel Investment Conference in March, brokers and lenders were optimistic that 2025 would see healthy growth in asset trades. If the first quarter is an indication of the year to come, industry optimism may have been premature, as only $2.8 billion in U.S. hotel assets changed hands. The $1.2 billion decline from last year equates to a drop of roughly 30% in asset…»

Office-to-apartment conversions are at a new all-time high, with the pipeline reaching 70,700 units as of 2025. More than two-thirds (68%) of all future apartments retrofitted from offices are located in 20 metros — and Phoenix is one of them, ranking as the nation’s 11th major retrofitter. Let’s dive into the details: Phoenix’s office-to-apartment conversions pipeline encompasses 1,634 units…»

Fort Lauderdale, Florida-based ZOM Living has started work on a 416-unit luxury apartment project in north Phoenix, called Azola Desert Ridge. The developer paid $27.1 million for a 20-acre parcel at the northwest corner of 56th Street and Loop 101, according to Tempe-based Vizzda LLC. This sale resolves the Arizona State Land auction on June 26, 2024, where ZOM Living was the winning bidder of 54 acres for $6.62 million…»

The sale of Arches at Hidden Creek in Chandler led the biggest commercial real estate deals in March. Here are the 10 biggest deals in Metro Phoenix commercial real estate from February of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine…»

In 2025, industrial development is expected to continue decelerating, in response to the rapid expansion seen early in the decade. But the good news for Valley residents is that the Phoenix industrial pipeline ranks No. 3 among the largest in the U.S. CommercialSearch’s newest report highlights the markets with the newest industrial supply underway, as well a