Commercial Real Estate & Business News 6-6-2025

The combination of speed, breadth, and uncertainty in following the plans of the Trump administration is “novel in almost every way,” Charlie Smith, managing director of Geopolitical Strategy Consulting at Newmark, tells GlobeSt.com. “And a lot of that speed is driving the uncertainty,” he emphasized. Ultimately, tariffs will “reach an end state,” as will deregulation. There is always a limit on time and resources. But where they will eventually settle is…»

A seven-building office park off Interstate 17 and Peoria Avenue is one of several slated for an office conversion project as part of an ongoing real estate trend in the Valley and across the country. Dallas-based developer Formation Interests bought the business park for $28 million on June 2, according to documents filed with Maricopa County. The company plans to turn it into a four-building, 425,000 square-foot industrial park called Formation Park 17. The demolition…»

We are in the thick of summer and the “hot” time of year for home buying and selling. Many of our clients are checking in with us to ask, “Are we going to see interest rates trend down? Is demand increasing and the market changing to a buyer’s market?” So, we’ve wrapped up all of those common questions and provided our insights and thoughts about the residential real estate market 2025 for you below. What’s the overall analysis? According to…»

It’s a homebuyer’s market nationally — if you can afford it — and in few places is that truer than the Phoenix Valley. The big picture: There are nearly 500,000 more sellers than buyers in the U.S. housing market, Redfin estimates. Why it matters: That’s the widest gap on record — and a big reversal from just a few years ago, when buyers were desperate to find a place to live, sending prices into the stratosphere, Axios’ Emily Peck reports. By…»

Today, the ADP jobs report was released, marking the second of four jobs reports we’ll get during this jobs week. The numbers came in significantly weaker than anticipated, leading to lower mortgage rates. Does this imply that the big jobs report on Friday will come in as a miss, too? As someone who believes that for mortgage rates to go lower, we need weaker labor data, the setup for jobs Friday just got more interesting. Shortly after the report came out, President…»