Commercial Real Estate & Business News – February 5, 2025
Arizona’s economy: Headed into uncharted waters Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in the preliminary data and may be growing even faster than the data suggest. Phoenix inflation…» $3 billion Mesa data […]
Commercial Real Estate & Business News – February 4, 2025
What is Arizona’s exposure to potential cost-cutting efforts in federal real estate? The General Services Administration (GSA), which oversees the federal government’s roughly 360 million-square-foot portfolio, could be a target of the cost-reduction efforts led by President Donald Trump’s newly formed Department of Government Efficiency. This includes real estate that’s leased and…» CoStar’s Deep Dive […]
Commercial Real Estate & Business News – February 3, 2025
Core Capital Fundraising Triples, Signaling Broader Market Recovery Multifamily has shown an interesting pattern with importance beyond the category. Core and value-add metrics outperformed expectations in the third quarter of 2024 and core asset IRR targets rose as underwriting stabilized in Q4. CBRE reported “substantial movement” in unlevered…» Belgravia Group Acquires 4.57 Acres of Scottsdale […]
Commercial Real Estate & Business News – January 31, 2025
Target, apartment housing to anchor 64 acres of development in east Mesa A Target store and housing will anchor a swath of vacant desert land in east Mesa after the city council approved a rezoning request Monday. The city made way for the project dubbed Medina Station after the council annexed about 64 acres and […]
Commercial Real Estate & Business News – January 30, 2025
Phoenix posts record year for industrial deliveries During 2024, Greater Phoenix posted its highest level of industrial construction deliveries, bringing 34.8 million square feet of new space to the market and increasing inventory by 7.8 percent, according to a report released by Colliers. The wave of new buildings pushed vacancy up…» Office Investment Increases for First […]
Commercial Real Estate & Business News – January 29, 2025
Federal Reserve Expected to Hold Rates Steady Despite Trump’s Push for Cuts Anyone thinking the Federal Reserve would cut the federal funds rate during this week’s meeting shouldn’t hold their breath. That means President Donald Trump is likely to be disappointed as he pushes for immediate rate cuts. In fact, an increasing number of Wall […]