Commercial Real Estate & Business News 7-17-2025

A Canadian investor’s deal to buy six apartment complexes across the Sun Belt is more than just the purchase of 1,600 apartments. It’s also the latest bet that increasing multifamily demand is set to gain more momentum in the second half of the year as fundamentals improve. Slate Asset Management said it’s acquiring the portfolio of unspecified properties in and…»

For the past couple of years, the prevailing sentiment in multifamily has been that better times are only six months away. Transaction volume was expected to rebound, driven by the looming maturity of high-leverage bridge loans made in 2021 and early 2022, coupled with surpassing “peak supply” in most markets, leading to a tailwind in operations. That optimism hasn’t quite matched reality—yet. But the underlying thesis remains intact: Both capital markets and…»

Over the past six years, Mesa has seen an influx of data centers — totaling about 15 million square feet of built, approved and proposed projects. Mesa City Council has decided to be more calculated with its future data center developments by moving forward last week with an effort to set uniform standards for data centers. Council unanimously adopted its amendments to a key zoning ordinance on July 8 and continues the recent trend of Valley…»

A developer’s plans to rezone 14.24 acres for mixed use along Market Street on the southwest corner of Val Vista Drive and Pecos Road won unanimous approval from the Gilbert Planning Commission last week despite town staff’s opposition. The vacant site is situated within the larger Val Vista Square Planned Area development. and surrounded by regional commercial buildings on the south and east sides, a VA hospital on the west and border on the north a…»

Throughout the first half of the decade, Arizona’s construction industry has seen unprecedented growth, with hundreds of billions of dollars in new developments flowing into the state. TSMC Arizona’s $165 billion investment raised the state’s profile as a worthwhile place to do business, and new projects across multiple sectors continue to break ground. AZRE magazine sat down with four members of the Arizona Builders Alliance (ABA) to learn…»