Commercial Real Estate & Business News 6-23-2025

Arizona’s largest locally-owned fitness company just became a little bit bigger. Mountainside Fitness began construction on its 22nd location and its second in Queen Creek, the company announced. The newly announced and yet-to-be built location will span 42,000 square feet with a scheduled grand opening in December. Mountainside Fitness’ 22nd location will…»

Nationwide, rents for 0–2-bedroom apartments in May continued to decline for the 22nd consecutive month, and the Trump administration’s restrictions on international student admissions and other policies could intensify the slippage, according to Realtor.com’s May rental report. The slump affected properties of all sizes. Studio rents dropped…»

President Donald Trump’s mass deportations could carry a $275 billion price tag for California’s economy. That’s according to a recent analysis by the research arm of the Bay Area Council. It also estimated deportations could result in lost tax revenue totaling $23 billion annually at the local, state and federal level. While issues like immigration are extremely multifaceted and…»

Full-service commercial real estate firm Lincoln Property Company (Lincoln) and Scottsdale-based Harvard Investments have announced the delivery of Goodyear AirPark Phase I, a 1.6 million-square-foot, six-building Class A industrial project designed to meet Phoenix’s evolving demand for mid- to large-scale industrial space. Reflecting the…»

Location: Sixth Street and Rural Road in Tempe. Description: The seven-story, 333-unit apartment complex, dubbed Parcel 3G, is the third multifamily project within the Novus Innovation Corridor. The mid-rise apartment is situated on 2.4 acres on the southeast corner of Sixth Street and Rural Road. It will include a resort-style pool and clubhouse, lounge and work…»