Commercial Real Estate & Business News – April 15, 2025
Construction begins on $326 million North 2 Concourse in Terminal 3 McCarthy Building Companies Inc. recently began construction of the $326 million North 2 Concourse in Terminal 3 at Phoenix Sky Harbor International Airport, which includes the addition of six new passenger gates. Phoenix Sky Harbor International Airport’s Terminal 3 handles approximately 25% of passenger […]
Commercial Real Estate & Business News – April 14, 2025
Phoenix among Top 10 U.S. data center markets by sales volume The latest CommercialCafe report takes a closer look at the backbone of our rapidly growing digital economy: data centers. To get a handle on this growth, our team analyzed data center sales activity and construction data from 2015 through 2024 in 94 U.S. markets […]
Commercial Real Estate & Business News – April 11, 2025
CRE Market Recovery Hinges on Borrower-Lender Cooperation, Moody’s Says After a period of stagnation, the commercial real estate market is showing signs of life, with February sales surging 30% year-over-year and distress rates for CMBS loans declining for the second consecutive month. This thawing was highlighted in a recent report by Moody’s and stems from […]
Commercial Real Estate & Business News – April 10, 2025
LightBox CRE Activity Index Posts Highest Level Since 2022 LightBox, a leading provider of commercial real estate data and technology, said its CRE Activity Index rose sharply to 104.4 in March, marking the highest level since June 2022 and only the second triple-digit reading in nearly three years. The 4.7% month-over-month and 25.2% year-over-year gains […]
Commercial Real Estate & Business News – April 9, 2025
‘New Town’ may be in the wings At the rate things are going, Old Town may need a new name. Anyone for New Town? Granted, that might not land well in “The West’s Most Western Town.” Even so, while Mayor Lisa Borowsky continues a thus-far losing battle over an Old Town parking garage she calls […]
Commercial Real Estate & Business News – April 8, 2025
Apartment rents expected to accelerate across country as demand stays solid, completions moderate Apartment rents across the United States are expected to accelerate at a quicker clip in the second quarter as demand remains solid and the number of units completed continues to slow. Nationally, year-over-year multifamily asking rents grew 1.1% this year through March, […]