Commercial Real Estate & Business News 4-30-2025

The commercial real estate market in 2024 saw a notable resurgence in lending and borrowing activity, with $498 billion in transactions – an increase of 16% from the $429 billion recorded in 2023, according to the Mortgage Bankers Association. While these figures reflect 2024’s performance, the momentum and trends that emerged are expected to persist into 2025, given the underlying drivers…»

While the first quarter started out strong, economic disruptions led to softening hotel performance, Hilton’s chief executive said. During the company’s first-quarter 2025 earnings call, Hilton President and CEO Chris Nassetta said its hotels saw systemwide revenue per available room grow by 2.5% year over year during the quarter, driven by the strong momentum seen at the end of 2024 and…»

Scottsdale-based ATLAS Capital Partners (ATLAS) has sold a prime infill parcel to the City of Phoenix for $29.58 million. The city has earmarked the land for revitalization as part of its regional Rio Reimagined initiative and the RIO PHX plan, which will promote 20 miles along the Rio Salado/Salt River corridor as a local and regional destination. Located at 3030 S. 7th St. in Phoenix, the 29.4-acre…»

Amkor Technology Inc. is evaluating options that could accelerate construction of its advanced semiconductor packaging facility in Peoria, the company’s top executive said on an earnings call Monday. Tempe-based Amkor (Nasdaq: AMKR) is on track to break ground on the Peoria manufacturing facility in September, but the company is looking to scale up faster than initially anticipated…»

Thompson Thrift put the first shovels into the ground Monday at The Gilmore — Gilbert’s latest mixed-use development. The Indianapolis-based firm will build the 35-acre development’s 213,656 square feet of commercial space at the same time it constructs 300 luxury apartments, with one facet of The Gilmore’s two luxury apartment buildings coming online first, Thompson Thrift Managing…»