Commercial Real Estate & Business News 6-20-2025

USA TODAY readers across the country have voted on the best malls in the United States and a longtime Arizona favorite made the list. Scottsdale Fashion Square is ranked No. 6 in the 2025 USA TODAY 10 Best Readers’ Choice Awards for Best Mall. From luxury stores like Balenciaga, Cartier and Versace to classic mall favorites like American Eagle, Sephora and Dillard’s…»

The U.S. apartment market remains highly competitive despite record new construction in 2024, according to RentCafe data. Only 8% of major markets showed signs of easing compared with the same time last year, as there still aren’t enough rentals to go around, said the company. Across the country, nine renters are competing for each vacant apartment, an uptick from…»

A town with a population of less than 4,000 is on the precipice of bringing its largest commercial project to fruition. But what Carefree lacks in population, it makes up for in disposable income. Under a plan nearly eight years and two developers in the making, a nearly 120,000-square-foot, $40 million project called Carefree Quarter is expected to transform a vacant 24.7-acre…»

After years of mostly closing stores, bookseller Barnes & Noble announced it is set to open its first new store in the Phoenix area in 20 years. On June 25, Barnes & Noble will hold a ribbon cutting and grand opening for its new store in Phoenix’s The Shops at Town & Country retail center at 2011 E. Camelback Road. The book retailer has taken over the 18,500-square-foot…»

Cavan Companies announced the sale of The Bungalows at San Tan Village, a 159-unit Build-to-Rent (BTR) community in Gilbert to AEW Capital Management, with a sale price of $415,723 per unit. The sale reflects growing institutional demand for purpose-built, low-density rental communities in high-growth markets. As the developer, Cavan Companies will leverage this…»