Commercial Real Estate & Business News 6-18-2025

The American Dream perhaps takes for granted that most people who can afford a house would want to buy one, but there’s a growing segment of high earners in Phoenix who prefer to rent. A new analysis from national apartment search platform RentCafe pegged Phoenix as a trending metro for millionaire renters, ranking it No. 6 in the nation for its growth factor. Across the…»

Conditions in the Phoenix office market have been disrupted over the past five years as evolving workplace arrangements and weaker office-using job growth weighed on underlying space demand. And though the overall sector has shown recent signs of stabilizing over the past few quarters, there has been one segment that has consistently outperformed since the onset of…»

Empire Group of Companies, through its luxury urban infill division Aspirant Development, and Brinkmann Constructors have officially broken ground on The Osborn, the first high-end senior living community in Old Town Scottsdale to offer walkability to the area’s rich array of dining, retail, and cultural amenities. The 226-unit, 420,000-square-foot project will deliver a full continuum of…»

As U.S. tariff policy continues to create uncertainty, the future of commercial real estate values in 2025 has become a pressing question for investors and industry observers alike. A recent report by Invesco delves into this issue, drawing on the Federal Reserve’s April 2025 Senior Loan Officer Opinion Survey (SLOOS) to shed light on what lies ahead for the market. As GlobeSt.com previously…»

Ever since Mack Real Estate Group acquired a 124-acre site in north Scottsdale and plans emerged for the Mack Innovation Park, Toy Barn Principal Jason Phillips and the rest of his firm wanted to be a part of it. A project three years in the making is beginning to take shape as the luxury storage facility company on June 12 closed on a 10-acre site within the yet-to-be completed…»