Commercial Real Estate & Business News – April 3, 2025

Sun Belt markets gained the most jobs after the pandemic. Now, that’s changing.

The five years since the onset of the COVID-19 pandemic and subsequent economic disruption intensified the southward and westward movement of the United States labor market. Over the past year, however, a handful of states in seemingly moribund regions have seen substantial recoveries, while most post-pandemic winners have seen job growth slow. According to…»

A look inside $1 billion Optima McDowell Mountain project

As Optima McDowell Mountain takes shape in North Scottsdale, award-winning real estate firm Optima is setting a new benchmark for sustainable luxury with its $1 billion mixed-use community, featuring meticulously designed residences, cutting-edge green building techniques, expansive open space and community-driven amenities designed for modern desert living…»

Tariffs Add Financial Pressure to Projects from Steel and Lumber to Bond Markets

At this point, there’s little surprise that the increased tariffs scheduled to start today will negatively impact commercial real estate. CBRE, CommercialEdge, and S&P Global Ratings have all projected this. There are obvious concerns such as increased construction costs, additional financial pressure on retailers or multifamily tenants from higher business or living expenses…»

Private Equity Giants Poised to Swallow Multifamily REITs

The largest private equity players in commercial real estate are in buying mode and several are zeroing in on large multifamily REITs in what may become a crescendo of mega-deals. According to Willy Walker, CEO of Walker & Dunlop, these impending acquisitions may rival in size and scope Blackstone’s $13B all-cash transaction in 2022, when the firm swallowed…»

New details emerge for Buck & Rider affiliated restaurant in Old Town Scottsdale

Hi Noon Hospitality — the company behind Buck & Rider and Ingo’s Tasty Food — is preparing to open its third restaurant concept and has released more details about the new eatery. Expected to open in the fall of 2025, Pinyon will be a new Mediterranean-inspired restaurant, focused on serving up seafood from the entire Mediterranean region. The new restaurant will be at…»