Commercial Real Estate & Business News 5-12-2025

A surge in commercial mortgage-backed securities issuance is defining the market’s renewed momentum in early 2025, with robust growth fueled by single-asset single-borrower transactions and a notable rebound in conduit deals. This resurgence underscores a central theme: the CMBS market is regaining its dynamism, even as it navigates complex headwinds and evolving investor…»

Demand from a solid labor market and a weak for-sale home market continues to drive moderate multifamily rent growth. The average U.S. asking rent increased $5 to $1,736 in April, according to the latest Yardi Matrix National Multifamily Report. Year-over-year asking rent growth fell 10 basis points to 0.9%. However, Yardi Matrix said that while solid demand has kept rent growth steady…»

Queen Creek’s downtown will soon be home to several new restaurants including Postino, Shake Shack and Snooze, as well as office space and 215 luxury apartments. They will all be part of the $120 million mixed-use development called The Switchyard, whose construction will start this month. The project is being spearheaded by Phoenix-based Creation, which won the right to…»

The number of residential home sales rose for the second month in a row. Year-over-year closed home deals for the Metro Phoenix housing market increased 4.1% compared to the first four months of 2024. “With all the questions about the economy, it’s reassuring to see closings rise again,” said Christy Walker, board president of Phoenix REALTORS®. “New listings are also up again…»

Developers broke ground on the highly anticipated project dubbed The Switchyard in the heart of Queen Creek’s Ellsworth Loop corridor on May 7. The $120 million mixed-use project developed by Creation and in partnership with Horizon Real Estate Ltd. will transform the fast-growing town’s downtown area and bring in 54,000 square feet of commercial space and a 215-unit luxury…»