Commercial Real Estate & Business News – December 9, 2024
Falling Rates and Rising Confidence Fuel Optimism for Multifamily in 2025 Transaction activity in the multifamily sector is poised for a potential rebound in 2025, as market conditions stabilize and investor sentiment shifts. However, developers and investors caution that the recovery will unfold unevenly across different housing segments, with cap rates…» Phoenix, Tempe deal could […]
Commercial Real Estate & Business News – December 6, 2024
North Phoenix shopping center gets green light from city despite opposition A plan that will bring a grocery store and retail center to a north Phoenix neighborhood got the nod of approval from the Phoenix City Council on Wednesday, despite some lingering opposition from neighbors. Vestar, the developer of Desert Ridge Marketplace, Tempe Marketplace and […]
Commercial Real Estate & Business News – December 5, 2024
Holiday Spending Projected to Boost CRE, But Consumer Confidence Remains Key Concern Holiday spending in 2024 is expected to grow, offering a potential boost to retail, industrial, self-storage, and multifamily real estate sectors. But questions about consumer confidence and sentiment loom large, casting uncertainty over the season’s momentum, with industry analysts divided…» Retailers’ wish lists […]
Commercial Real Estate & Business News – December 4, 2024
20-story student housing development proposed near ASU in Tempe A gas station and retail center across the street from Arizona State University in Tempe could be redeveloped into a 20-story student housing development with two towers. The project, called Leo Tempe, proposes two 20-story towers and a 10-story parking garage on a 3.7-acre site on…» […]
Commercial Real Estate & Business News – December 1, 2024
Phoenix build-to-rent project looks to capitalize on growing mortgage costs as multifamily rents fall A newly opened build-to-rent development on the western outskirts of Phoenix is looking to capitalize on the city’s rapid population growth and rising costs of homeownership. Locally based builder Curve Development is set to open its most recent project, Cyrene at […]
Commercial Real Estate & Business News – December 2, 2024
7 Trends Shaping the Build-to-Rent Market in 2025 While the build-to-rent (BTR) market has experienced a softening recently as the higher cost of capital has discouraged deals, the general state of the market is “good and getting better,” according to Callum Parrott, president and head of single-family rental (SFR) and BTR for Mill Creek Residential. […]