Today’s News 8-11-2025

The multifamily housing market has set a new benchmark for demand, according to CBRE Research. Net absorption—a measure of new leases signed and occupied—climbed 44% year-over-year to 188,200 units, the highest second quarter figure ever recorded. This level is also 44% higher than the average for the same period before the pandemic. This milestone comes after several quarters where completions consistently lagged behind the pace of…»

Better-than-expected job and wage growth supported healthy demand conditions for public real estate investment trusts (REITs) during the second quarter. UDR chairman and CEO Thomas Toomey noted the wind has been at the back of the multifamily sector in 2025, supporting a record high absorption through the first six months of the year for the company. Camden Property Trust chairman and CEO Ric Campo shared that second…»

The city of Phoenix is searching for developers to transform the Regency Garage in downtown Phoenix into a mixed-use project including a hotel to boost activity near the Phoenix Convention Center and surrounding area. The city issued a request for proposals for the site, located on just shy of an acre between 2nd and Adams Streets, which is adjacent to the convention center. While there is no set number of hotel rooms required for the project, the…»

I have had the opportunity to discuss the Phoenix commercial real estate market activity consistently since 2022 for Arizona School of Real Estate and Business. This article always ties into the market update that I typically host, which, by the way, is coming up on August 22, 2025, Commercial Growth, make sure you sign up! Trends start to emerge each time I look at the data from year to year and this year is no different! Let’s start off by the recap of…»

Phoenix, Arizona – ORION INVESTMENT REAL ESTATE is proud to announce the successful sale of a 20,150-square-foot industrial facility located at 211 S 28th Street in Phoenix, which closed at $4,800,000. The transaction was led by ORION broker Jay Krew, who represented the seller, Logotec, in this strategic and efficiently executed deal. The property sits on 0.93 acres just minutes from Phoenix Sky Harbor International Airport. Currently occupied by…»