Commercial Real Estate & Business News 5-28-2025

Commercial activity has been mixed during the first quarter, according to Altus Group Ltd.’s quarterly report on CRE investment and transactions. The firm described the market activity as “generally subdued,” although pricing trended higher and multifamily and office drew more capital than a year ago. The average price per square foot on transacted single properties inched up by 0.1% quarter over quarter, with increases across all sectors except for…»

When President Trump announced on social media that he was considering releasing Fannie Mae and Freddie Mac from government conservatorship last week, the financial markets responded swiftly. Fannie Mae’s stock surged by more than 44%, while Freddie Mac climbed nearly 37%. However, the implications for real estate are far less optimistic. According to Bloomberg, removing Fannie and Freddie from conservatorship could add over $40,000 in…»

Within the next year, Valley-based restaurant group Clive Collective will open five new restaurants across the Phoenix area. Clive, which is led by partners Mikis Troyan, Justin Massei and Beau MacMillan, is the company behind hit concepts Cala in Old Town Scottsdale and Tell Your Friends, an underground speakeasy in North Scottsdale. The group also opened Neon Spur, its dive bar concept in Tempe, earlier this year. The Clive leadership…»

The first set of renovations at a Camelback Corridor office complex are now complete. Holualoa Companies along with Plaza Companies constructed eight new spec suites and transformed the outdoor space surrounding the expansive 2.5-acre water feature, a defining characteristic of the class A office complex. More than $10 million in completed and ongoing renovations — including six more spec suites — have been invested into the…»

Location: At 502 W. Van Buren Street, on the north side of the block, between Fifth and Sixth avenues in downtown Phoenix. Description: Toll Brothers Apartment Living, the multi-family arm of the national homebuilder, is constructing a seven-story, 313-unit luxury apartment complex called the Henri. The mid-rise rental community will comprise a mix of studio, one- and two-bedroom floor plans. According to the company, the units will…»