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, […]
Commercial Real Estate & Business News – January 9, 2025
Yardly McDowell build-to-rent community sells for $46.5 million San Diego-based Tower 16 Capital Partners has successfully acquired Yardly McDowell, a 167-unit, Build-to-Rent (“BTR”) multifamily property located in the rapidly growing West Valley of Phoenix, AZ. The property was built in 2023 and was acquired for $46.5 million, well below…» Adero Scottsdale Resort finds new owner […]
Commercial Real Estate & Business News – January 8, 2025
Moderate Recovery in CRE Investment Activity Expected in 2025 The commercial real estate capital markets are in a much better operating environment to start 2025 than they were versus this time last year. The reasons for this are numerous, including a short-term rate-cutting cycle that is helping keep floating rate debt and rates around 4% […]
