Daily News 8-24-2026

The recovery in U.S. commercial real estate investment sales is taking hold where the market is most fragmented—and increasingly, where competition is no longer confined to traditional private buyers. Properties valued from $5 million to $25 million traded for $57.11 billion in the first half, a 9.3% increase from a year earlier, according to Green Street’s Sales Comps Database. It was the second consecutive year of first-half growth for the segment, signaling that buyers and sellers are…»

The wave of new apartments that gave renters more options and more deals over the past two years is beginning to recede. The typical U.S. asking rent rose to $1,962 in July, up 2.3% from a year ago, the fastest annual pace in over a year, according to the Zillow® Rental Market Report for July. Even as rent growth picked up speed, 2 in 5 listings still offered a concession, a lasting benefit of the construction boom. What has changed isn’t demand; it’s supply. The historically…»

One of Phoenix’s few available megawarehouses has been leased before construction is complete. DHL Group has preleased VT 303 in Glendale to occupy the entire 1.15 million-square-foot building, reports indicate. The deal represents a win for the landlord, VanTrust Real Estate, which placed a bet on Phoenix’s scarcity of megawarehouses to rework the initial vision for the 66-acre site. CBRE’s Cooper Fratt, who was involved in representing the landlord in the deal, told CoStar…»

Commercial real estate borrowers increasingly pursued fixed-rate financing during the second quarter as the decline in borrowing costs lost momentum. Quotes for short-term, fixed-rate senior loans increased 28% from the previous quarter, while floating-rate senior quotes declined 16%, according to the Altus Group U.S. Debt Capital Markets Survey. SOFR Finds Its Floor- The shift came as the Secured Overnight Financing Rate, the benchmark underlying many floating-rate loans…»

The developer behind the long-delayed Mattel Adventure Park in Arizona appears to have stepped away from the West Valley project but continues to advance a similar development in the Kansas City metro area. Rian Kirkman, senior vice president of marketing for VAI Resort, confirmed in an email that VAI Resort now is the developer, owner and operator of the under-construction Mattel Adventure Park in Glendale. Glen Bilbo, CEO of Epic Resort Destinations, previously led the…»