Phoenix Commercial Real Estate Market Update: 2025 Outlook Observations from the CCIM IREM Forecast
As we navigate through 2025, the Phoenix commercial real estate market continues to evolve, presenting both challenges and opportunities across various sectors. Here are my notes from the CCIM-IREM Economic Forecast from Friday regarding office, multifamily, industrial, and retail segments in the Valley of the Sun. Office Sector: Adapting to New Realities The office market […]
Commercial Real Estate & Business News – January 16, 2025
Core CPI Inflation Eases; S&P 500 Rallies As Fed Rate-Cut Hopes Brighten Consumer price index data for December showed that core price pressures eased more than expected. The S&P 500 powered higher as Wall Street weighed the CPI’s implications for Federal Reserve policy as well as positive earnings reports from Dow Jones giants JPMorgan Chase (JPM) and Goldman Sachs (GS)…» […]
Commercial Real Estate & Business News – January 15, 2025
High Street Residential breaks ground on Scottsdale luxury project High Street Residential (HSR), the residential subsidiary of Trammell Crow Company(TCC), and JV partner Mitsui Fudosan America (MFA) have broken ground on a 215-unit, Class A, luxury residential community in Scottsdale, Arizona. The project, which will have a formal name announced as construction…» Estrella in Goodyear is […]
Commercial Real Estate & Business News – January 14, 2025
Starwood Capital, Pretium Partners launch first single-family rental loan offerings of 2025 Starwood Capital and Pretium Partners are kicking off the new year with two single-family rental securitized loan offerings totaling a combined $1.17 billion. The offerings boost an ongoing rebound for mortgage-backed bond issuances in the industry even as rent growth slows. Last year…» […]
Commercial Real Estate & Business News – January 13, 2025
Kohl’s to shutter 27 stores across the country. What does that mean for Arizona? Kohl’s announced Thursday that it would close 27 underperforming stores in 15 states by April 2025. The Menomonee Falls, Wisconsin-based retail giant saw sales drop during 2024, and Kohl’s stock price has fallen by over 50% in the last 12 months. […]
Commercial Real Estate & Business News – January 10, 2025
Rising Consumer Sentiment Could Drive CRE Transactions This Year Commercial real estate investors have much to look forward to in 2025, both from an operational standpoint and an investment transaction point of view, said John Chang, national director of research and advisory services at Marcus & Millichap. Describing 2024 as a choppy year for CRE, […]