Today’s News 8-29-2025
Survey: Cap Rates May Have Reached Their Peak Cap rates may have reached their peak, according to a CBRE survey of 200-plus brokers released Monday. The survey also reported a slight compression in the first half of 2025, with the all-property average cap rate narrowing nine basis points to 6.84% at midyear amid volatility in […]
Today’s News 8-28-2025
Mesa eyes $1B luxury resort hotel, retail development at Legacy Park A multi-billion-dollar project set to bring a 600-room resort hotel, thousands of square feet of retail and office space, is in the works in southeast Mesa. Retail developer Vestar and landowner Pacific Proving LLC are partnering to build a massive 200-acre commercial development along […]
Today’s News 8-27-2025
Commercial Property Prices Post First Back-to-Back Annual Gains Since 2022 U.S. commercial property prices posted consecutive year-over-year gains in June and July, marking the first such two-month stretch since mid-2022, according to MSCI. The data suggests that sentiment across the sector may be shifting after several years of broad declines. MSCI’s RCA CPPI National All-Property […]
Today’s News 8-26-2025
Phoenix pursues deal with Mortenson for prime desert land development Millions of square feet of new commercial development could rise in north Phoenix. The city of Phoenix is pursuing a development agreement with Minnesota-based real estate developer Mortenson for a site of prime desert land formerly eyed by the Phoenix Coyotes for a proposed hockey […]
Today’s News 8-25-2025
Phoenix metro dominates economic growth rankings for top 10 cities nationwide Eight cities in metro Phoenix are among the top 10 municipalities nationwide with the strongest economic growth. An Aug. 20 study released by Coworking Cafe shows the Valley saw an incomparable surge in economic growth between 2019 and 2023, with eight locations in the […]
Today’s News 8-22-2025
Phoenix, Dallas and Atlanta dominate development landscape for build-to-rent houses Once a niche segment of the housing market, build-to-rent developments of townhouses and single-family houses have rapidly gained traction across the United States, with the Sun Belt emerging as a clear epicenter of growth. Fueled by population growth and the availability of land in these […]