Commercial Real Estate & Business News 6-19-2025

Belgravia Group, Chicago’s award-winning real estate developer with more than 75 years of luxury developments constructed under its brand, announced that it has received public report approval for Atavia, the 88-unit luxury condominium development located in North Scottsdale’s “new luxury corridor” at Loop 101 and Scottsdale Road. The demand for Atavia’s thoughtful, space-maximizing…»

Although the first half of 2025 has proven rockier and more uncertain than many in commercial real estate were initially predicting, optimism for the second half is pervasive. Industry surveys and economist reports suggest while the second half of 2025 will still have a fair amount of choppiness to navigate, investors may be more willing or able to move forward on deals amid…»

During a potential recession, several segments of the commercial real estate market could face challenges. While retail properties might seem particularly vulnerable, one subtype is showing notable resilience: salon suites. Jason Olsen, founder and CEO of IMAGE Studios, which manages salon suite properties nationwide, points to this sector’s unique strengths. Olsen, who…»

A shopping center in Buckeye right off Interstate 10 has sold for $54.3 million to Continental Realty Corp, a Baltimore, Maryland-based company making its debut investment in the Valley. Sundance Town Center, at 466 South Watson Road, sits on roughly 32 acres, includes over 200,000 square feet of retail space, and opened in 2008. The shopping center includes nearly…»

U.S. multifamily construction starts dropped sharply in May as the industry copes with economic and tariff uncertainty, as well as elevated interest rates. Even so, permits rose, offering the sector what one trade group considers a positive sign. Apartment starts were down 30% from April, according to monthly data released by the U.S. Census Bureau. The May start rate for units…»