Commercial Real Estate & Business News – April 16, 2025

Retail sales inched up in March after two straight months of declines, but gains remained moderate amid consumer concerns about rising tariffs.

Core retail sales (excluding restaurants, automobile dealers and gasoline stations) edged up 0.4% month over month in March and up…»

A historic Tempe church could be preserved and a historic home relocated as part of a plan to develop a 29-story skyscraper east of Mill Avenue.

Wexford Developments and Core Spaces, the co-developers of the project, are planning a mixed-use tower at 109 E. Sixth St., a site that holds the…»

Land in northeast Phoenix that was once eyed by the Arizona Coyotes for a new arena is headed back to the auction block to potentially be sold and developed.

About 217 acres of land located west of Scottsdale Road and north of Loop 101 is scheduled to be sold at an Arizona State Land Department auction June 20. The...»

Based on current jobs and inflation data releases as of April 11, 2025, the U.S. unemployment rate changed little in March at 4.2%, while total nonfarm payroll jobs increased by 228,000, according to the Bureau of Labor Statistics’ April 4th employment situation summary. Job gains occurred in health care (54,000), social…»

The median U.S. asking apartment rent price fell 0.6% year over year to $1,610 in March, and rose 0.4% month over month, Redfin said Monday. March was the 13th consecutive month in which asking rents barely decreased or increased, with a year-over-year change of less than 1% during each of those months. Although Redfin economists have argued for months that it’s only...»