Commercial Real Estate & Business News 5-23-2025

As developers weigh their next investments, a close look at the leading cities for renting and homeownership can offer valuable insight into where demand is strongest and what housing opportunities are most likely to yield returns. The housing landscape across the United States is marked by stark contrasts, with some urban centers dominated by renters and others by homeowners, each shaped by local economics, amenities, and lifestyle…»

Banner Health has broken ground on its new Scottsdale medical campus. Work commenced May 21 on the project’s first phase, which centers on a 120,000-square-foot building that will include an ambulatory surgery center, pharmacy, imaging center, cancer care facilities and other primary and specialty physician services. The new facility is being called Banner Health Center Plus. It will also include Banner Urgent Care, which will be open year-round with…»

A mixed-use development with 357 apartments with a garage and office space is being proposed at the southeast corner of Val Vista Drive and Pecos Road along Market street. Gilbert planning staff said the 12.27-acre parcel lies in the town’s Central 202 Core Growth Area and the development will consist of three buildings comprising a total 461,344 square feet. At a Gilbert Planning Commission study session on May 7, commissioners gave…»

Heritage Park, one of the East Valley’s most anticipated mixed-use developments, breaks ground today at the northern gateway of Gilbert’s Heritage District, marking the first phase of this 10-acre downtown destination that promises a dynamic mix of restaurants, retail, luxury residential and a community-focused town square. Creation, in partnership with Crescent Communities – a nationally recognized, market-leading real estate investor, developer…»

A new report from Colliers, drawing on data from CoStar, Green Street, MSCI, Moody’s and NCREIF, reveals that commercial real estate values may be reaching their lowest point, signaling the start of a recovery. Aaron Jodka, director of national capital markets research at Colliers, told GlobeSt.com that the investment cycle shifted when the Federal Reserve began raising short-term interest rates in response to inflation. This policy change marked…»