Commercial Real Estate & Business News 4-28-2025

Western office markets faced mounting challenges in December 2024, with San Francisco standing out. The city saw record-high vacancy rates of 28.8% driven by a wave of lease expirations and declining demand. These pressures have also weighed heavily on office asking rents and construction…»

A huge new corporate campus is sprouting up in north Phoenix. Sprouts Farmers Market, the Phoenix-based specialty grocer, closed Thursday on a deal to build a brand-new corporate headquarters campus. Sprouts will be developing a 180,000-square-foot mixed-use project on seven…»

Like CRE’s Rodney Dangerfield, office gets no respect, none at all. A CRED iQ report in March said that loan distress fell across most property types — except office. In April, the asset class was still the most distressed type of loan. And then tariffs and trade wars became the latest problem for office…»

A prominent developer has plans to turn a large, old vacant office park into apartments in Phoenix. Scottsdale-based CaliberCos Inc. (Nasdaq: CWD) is planning to redevelop two office buildings in north Phoenix into a 376-unit multifamily residential complex. The buildings total…»

For the Q4 2024 industrial markets ranking report, CommercialCafe looked at key performance indicators across 30 major industrial markets in the U.S., tracking them each quarter. Markets are ranked based on several metric categories: vacancy, pipeline, average rent, upcoming loan…»