Commercial Real Estate & Business News 5-9-2025

Retail sales rose in April as many consumers continued to move up buying to avoid higher prices expected to result from tariffs. Core retail sales (excluding restaurants, automobile dealers and gasoline stations) increased 0.9% month-over-month in April and 7.11% year-over-year, according to the CNBC/Retail Monitor released by the National Retail Federation, which uses actual…»

Property appreciation as measured in the NCREIF Property Index turned positive in 2025’s first quarter for the first time since Q2 2022, according to the National Council of Real Estate Investment Fiduciaries. In addition, all seven property types measured by NCREIF saw positive appreciation in Q1, including office. The NPI, which measures 12,813 commercial properties…»

The American job market surpassed expectations in April, sending stocks soaring while pushing economists’ expectations for Federal Reserve interest rate cuts later into the year. Beyond the headline numbers, though, signs of softening emerged, as job growth related to tariff front-loading is likely to prove fleeting, and more up-to-date data solidifies the picture of an increasingly…»

Arte Moreno has decided to get in on the action happening in the Southeast Valley. Moreno, owner of the Los Angeles Angeles and one of Arizona’s billionaires, purchased an approximately 21-acre vacant lot in Gilbert for $24.5 million on April 28, according to Tempe-based real estate database Vizzda LLC. The acquisition includes two parcels: a nearly one-acre parcel…»

Cannon Beach, the premier destination fusing lifestyle and adrenaline in the heart of Mesa, is quickly transforming into a one-of-a-kind hub with 11 exciting tenants already open and more than 20 new businesses on the horizon. From crave-worthy eats to high-energy wellness and retail experiences, Cannon Beach is a playground for all ages and interests. This next-level…»