Today’s News 9-3-2025
Rent prices fall in metro Phoenix. Here’s where the best deals are now Metro Phoenix renters signing leases right now could get a break. Rents are down in the Valley, according to new research. One-bedroom renters are seeing the biggest declines. The median rent on a one-bedroom Phoenix-area apartment has dropped almost 8% to $1,220, […]
Today’s News 9-2-2025
Fed Governor Waller Reaffirms Support for September Rate Cut Federal Reserve Governor Christopher J. Waller, who cast one of two dissenting votes at the July meeting of the Federal Open Market Committee, reiterated his support for a reduction in the central bank’s benchmark interest rate. Speaking Thursday evening at the Economic Club of Miami, Waller […]
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 […]