Today’s News 8-13-2025
Welcome to Old Town Scottsdale’s ‘tasteful’ era. How the district is changing Long known as a destination for college students (and those wishing they were still college students), a handful of new restaurant and hospitality developments aim to pivot Old Town Scottsdale away from nightclub culture to appeal to a broader range of demographics. “This […]
Today’s News 8-12-2025
Traditional office vacancy declines for first time in Phoenix since pandemic’s onset Following four years of steep occupancy loss, the Phoenix office market is finally showing signs of stabilization. While the medical office segment has been comparatively resilient over the past five years, performance among the Valley’s traditional for-lease office buildings has been disrupted. The […]
Today’s News 8-11-2025
Apartment Market Surges With Best Q2 Absorption on Record 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 […]
Today’s News 8-8-2025
$33 billion, 3GW data centre megaproject planned in Arizona to meet soaring infraAI demand A private developer is preparing a 3,300-acre site in Pinal County for what could become Arizona’s largest data centre complex, as surging demand for AI and cloud infrastructure drives record investment in US capacity. One of Arizona’s largest private landowners, Vermaland, […]
Today’s News 8-7-2025
CRE Mortgage Volume Rises 66% Year-Over-Year in Q2 2025 Commercial and multifamily mortgage loan originations were 66% higher year-over-year in the second quarter of 2025 and up 48% from Q1, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. A rise in originations for office, healthcare and industrial properties led […]
Today’s News 8-5-2025
$33 billion data center industrial park coming to Pinal County Arizona land developer Vermaland, LLC unveiled plans for a $33 billion data center industrial park in Pinal County that would become the largest such development in the United States, positioning the Phoenix-Tucson corridor to compete directly with Northern Virginia’s “Data Center Alley” for tech industry […]