Commercial Real Estate & Business News – March 28, 2025
Phoenix apartment rents turn modestly negative in February The average asking rent for Phoenix apartment buildings declined 0.1% in February, snapping a two-month winning streak that began in December 2024. Though rents modestly retreated last month, the 0.5% increase in the opening month of 2025 keeps growth for the year in positive territory. Midpriced buildings […]
Commercial Real Estate & Business News – March 27, 2025
‘Walkable community’ in Phoenix area wraps up second phase of development The second phase of construction has been completed for a mixed-use development in the Phoenix area billed as the “first walkable community of its kind.” Culdesac Tempe has been selected by a panel of local industry professionals as the winner of the 2025 CoStar […]
Commercial Real Estate & Business News – March 26, 2025
Work begins on $145M SanTan Village project bringing Whole Foods to Gilbert A $145 million retail development that will include a Whole Foods and a Dick’s House of Sport will begin construction in Gilbert, part of a development that will include restaurants, retail and entertainment. The development, called Signature at SanTan Village, will include 30 […]
Commercial Real Estate & Business News – March 25, 2025
Phoenix no longer nation’s top industrial market, report says Phoenix is falling behind other U.S. cities when it comes to industrial construction as the Valley’s pipeline of new projects shrinks. Savannah, Georgia, had the most industrial real estate under construction during the first quarter of this year, followed by Dallas Fort-Worth, according to a new […]
Commercial Real Estate & Business News – March 24, 2025
Buckeye could get nearly 1,000 new apartments near Verrado Over 900 new apartments may be developed in Buckeye’s rapidly growing Verrado area. Buckeye City Council on March 18 unanimously approved rezoning a 46-acre site from planned residential to planned area development, marking a key step in Greenlight Communities’ plans to build 934 residential units just […]
Commercial Real Estate & Business News – March 21, 2025
Phoenix ranks No. 3 for largest industrial pipeline in U.S. In 2025, industrial development is expected to continue decelerating, in response to the rapid expansion seen early in the decade. But the good news for Valley residents is that the Phoenix industrial pipeline ranks No. 3 among the largest in the U.S. CommercialSearch’s newest report […]