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, […]
Commercial Real Estate & Business News – April 7, 2025
A Long, Loopy Ride Glendale City Manager Kevin Phelps would like to see the $1.2 billion VAI Resort and Mattel Adventure Park welcome guests before he leaves the city in 2026 for his next career move. The hospitality project, which kicked off construction in 2021 in Glendale’s sports and entertainment district, is the single project […]
Commercial Real Estate & Business News – April 4, 2025
First-quarter US hotel asset sales declined by 30% from a year ago At the Americas Lodging Investment Summit in January and the Hunter Hotel Investment Conference in March, brokers and lenders were optimistic that 2025 would see healthy growth in asset trades. If the first quarter is an indication of the year to come, industry […]
Commercial Real Estate & Business News – April 3, 2025
Sun Belt markets gained the most jobs after the pandemic. Now, that’s changing. The five years since the onset of the COVID-19 pandemic and subsequent economic disruption intensified the southward and westward movement of the United States labor market. Over the past year, however, a handful of states in seemingly moribund regions have seen substantial […]
Commercial Real Estate & Business News – April 2, 2025
Cap Rate Compression Expected to Drive Investment Growth in 2025 The macroeconomic environment has been marked by unusual trends, with short- and long-term interest rates diverging in behavior, as CBRE recently observed. Despite these complexities, there are reasons for optimism in the commercial real estate market, particularly regarding cap rate compression. CBRE anticipates some degree […]