Commercial Real Estate & Business News 5-30-2025

The rising costs of living have impacted affordability for renters across the country. Nationwide, renters today need to earn more than $80,000 to comfortably afford the typical rental, up from $60,000 just five years ago. In eight major metro areas, renters now need to make six figures to comfortably afford rent, a new Zillow® analysis reveals. In Metro Phoenix, the income needed to afford…»

The Phoenix office market is continuing to evolve as demand for upgraded Class-A space drives a surge in tenant improvement projects, according to LGE Design Build’s newly released Q2 2025 Construction Delivery Outlook. “Phoenix’s growth trajectory is still strong, but we’re now seeing more selective investment as developers and owners react to new market signals,” said Blake…»

President Donald Trump has reignited debate over the future of Fannie Mae and Freddie Mac, stating he wanted to end their conservatorships. However, in a subsequent social media post, he clarified that he would favor the U.S. government retaining oversight and maintaining the “implicit guarantees” that have long underpinned the two mortgage giants. How such a guarantee…»

Arizona Land Consulting has teamed up with other prominent investors, such as former Facebook executive and venture capitalist Chamath Palihapitiya, to turn a West Valley site into a mega data center project. The investment fund led by Arizona Land Consulting CEO Anita Verma-Lallian closed on roughly 2,000 acres for $51 million on May 23. It’s the latest major land deal for…»

A penthouse residence designed by renowned architectural firm Olson Kundig has been listed for $10.3 million, making it one of Arizona’s highest-priced condo listings ever. Called Penthouse 1301, the luxury condo is part of the last phase of the Ascent at The Phoenician luxury condominium community. Ascent’s owner, Replay Destinations, tapped Seattle-based Olson Kundig…»