Commercial Real Estate & Business News – December 13, 2024

The multifamily sector is poised for a brighter 2025, with rents and construction costs expected to rise despite ongoing economic challenges. According to a recent report from Origin Investments, a combination of strong demand, supply constraints, and evolving financial…»

Arizona’s wealth keeps increasing, according to the latest data from the U.S. Census Bureau. Household income and the value of owner-occupied homes showed year over year gains for the Phoenix area and Arizona as a whole, according to the estimates in the Census Bureau’s…»

Commercial real estate transactions began to increase about midway through 2024, inching up ever so slightly—at just 0.2 percent year-over-year for the first three quarters to $316.2 billion. But this is a marked improvement from earlier in the year, when volume dropped nearly 11…»

Desert Diamond Arena has released details of its dramatic $42 million transformation from a traditional sports arena into a premier “music mecca” and entertainment destination, spotlighting that Glendale has become one of the largest entertainment and sports hubs in the western…»

A forecast calls for metro Phoenix to be one of 10 housing hot spots in 2025. This comes on the heels of a lackluster year and a half for home sales and prices in the Valley. The National Association of Realtors looked at economic, demographic and housing factors to pick 10 metro…»