Commercial Real Estate & Business News 6-2-2025
A $25 billion data center is slated for this tiny Arizona community A $25 billion data center development is slated for 2,100 acres in Tonopah, following a Phoenix investment group’s purchase of the land. Arizona Land Consulting, led by Anita Verma-Lallian, paired with venture capitalist Chamath Palihapitiya, CEO of Social Capital, to buy the site […]
Commercial Real Estate & Business News 5-30-2025
Income needed to afford rent in Phoenix jumps 35.9% since 2020 The rising costs of living have impacted affordability for renters across the country. Nationwide, renters today need to earn more than $80,000 to comfortably afford the typical rental, up from $60,000 just five years ago. In eight major metro areas, renters now need to […]
Commercial Real Estate & Business News 5-29-2025
Population gains occur unevenly throughout the Greater Phoenix area Newly released data from the U.S. Census Bureau provides a more granular look at which cities and towns within the Phoenix metropolitan statistical area (MSA) have powered the Valley’s strong demographic momentum. In the four-year period from July 1, 2020, to July 1, 2024, the Phoenix […]
Commercial Real Estate & Business News 5-28-2025
CRE Market Shows Mixed Signals as Sales Slow Commercial activity has been mixed during the first quarter, according to Altus Group Ltd.’s quarterly report on CRE investment and transactions. The firm described the market activity as “generally subdued,” although pricing trended higher and multifamily and office drew more capital than a year ago. The average […]
Commercial Real Estate & Business News 5-23-2025
Five Leading Cities for Renters and Five Standouts for Homeowners As developers weigh their next investments, a close look at the leading cities for renting and homeownership can offer valuable insight into where demand is strongest and what housing opportunities are most likely to yield returns. The housing landscape across the United States is marked […]
Commercial Real Estate & Business News 5-22-2025
East Valley apartment complex sells for $138 million A Chandler property just became one of the largest luxury apartment sales of the year. The 392-unit Zaterra luxury apartments was purchased last week in an all-cash, $137.5 million transaction, according to Tempe-based real estate database Vizzda LLC. It marks the second significant sale of luxury apartments […]