Commercial Real Estate & Business News 6-9-2025

Economic and financial market uncertainty hasn’t yet had a significant impact on multifamily fundamentals, which remained healthy in May. The average U.S. asking rent increased $6 to $1,761 last month, according to the latest Yardi Matrix National Multifamily Report. Year-over-year asking rent growth, which barely has moved over the last year, remained unchanged at 1%. “It is still too soon to gauge the impact…»

One of the largest investors in multifamily real estate in the Valley has lost another Phoenix property to foreclosure. Tides on Cave Creek, a Phoenix apartment complex, sold at an auction on May 28 to lender Mack Real Estate Group (MREG) for $61.2 million, according to Maricopa County documents. It marks the third multifamily apartment property that Tide Equities LLC — a Los Angeles-based investor — has lost at an auction in less than a year…»

So, it’s official. Scottsdale, Arizona, is now Fat Cat City — America’s fastest growing metro for millionaires, according to the USA Wealth Report 2025, released in May by investment consulting firm Henley & Partners. As reported on Realtor.com, Scottsdale hit a new gear and has overtaken Austin, Texas, as the fastest growing megaplex for millionaires. “Scottsdale has grabbed the attention of high-earning households over the last decade as luxury buyers flock to the area…»

A Phoenix suburb ranks second among the nation’s fastest-growing, most affordable cities to live in 2028, according to a new analysis. Researchers at GOBankingRates examined the latest U.S. Census and Bureau of Labor Statistics data to determine which cities have the best combination of rapid population growth and a manageable cost of living. Most affordable cities to live in Arizona; Goodyear ranks second in the nation, due to a…»

Tariffs will have a major impact on how consumers spend their money. Seven-in-10 (70%) consumers say that they will reduce overall spending once new tariffs on imported goods go into effect, according to a new survey from e-commerce platform ESW. Millennials top the list of those planning spending cutbacks, with 78% indicating a reduction. More than half (54%) of baby boomers say they plan to stop buying certain imported goods to avoid higher prices…»