December CRE deal volume sinks further, but office is a surprising bright spot
Commercial real estate deal volume fell in December for the second straight month, but the full-year numbers reveal some progress, potentially setting up much-needed momentum for this year. Total deal dollar volume dropped 20% in December year over year, according to monthly data provided by Moody’s as a media exclusive to CNBC’s Property Play…»
Developer to turn vacant Tempe offices into industrial site
A developer is a step closer to turning Tempe offices into an industrial site designed to attract advanced manufacturing jobs. Tempe City Council on Feb. 6 unanimously approved a resolution for a general plan land use and residential map amendment, and also adopted an ordinance returning the zoning to a general industrial district…»
These Top Markets Anchor Another Year of Growth
Investment sales across the United States are continuing to rise annually, as 2025 marked the third straight year of growth and set the stage for continued momentum into 2026, according to data and analysis from Avison Young’s U.S. Investment Sales group…»
Phoenix OKs controversial 6-story Biltmore condo project
The Phoenix City Council unanimously approved a redevelopment plan for 24th Street and Arizona Biltmore Circle at its meeting Feb. 4, a plan led by Jerry Colangelo’s JDM Partners.The project will include razing the low-rise office buildings on the site, which include JDM’s headquarters. The buildings will be replaced with a luxury condominium development called 2400 Biltmore…»
VAI Resort developer buys another 33 acres near Glendale site
Fisher Industries, the developer of the VAI Resort under construction in Glendale, bought 33 acres of land south of the resort site at the end of 2025. The developer spent $21.5 million on the land, which it bought from Vision Capital Partners, according to real estate database Vizzda…»