Commercial Real Estate & Business News – December 9, 2024

Transaction activity in the multifamily sector is poised for a potential rebound in 2025, as market conditions stabilize and investor sentiment shifts. However, developers and investors caution that the recovery will unfold unevenly across different housing segments, with cap rates…»

Phoenix and Tempe city councils have both unanimously approved measures that clear a path for apartments to potentially be built on a 46-acre piece of land in Tempe once considered for an arena for the Arizona Coyotes hockey team. During a Dec. 4 meeting, Phoenix City Council approved…»

Phoenix-based U-Haul purchased the former CenturyLink Tower in midtown Phoenix for its new headquarters, only one block from its current campus. The 25-story high-rise, located at 20 E. Thomas Road, is the tallest building in midtown, reaching 397 feet tall, and includes nearly…»

U.S. multifamily housing is experiencing a significant pullback in new construction, even as the number of units that began construction in the past two years is expected to reach a 40-year high. While 675,000 units were added this year, construction starts on rental apartments, after…»

A “silver tsunami” — an expected flood of homes from older owners who will downsize or otherwise move on — has long been discussed as having the potential to relieve the nation’s shortage of housing. But new research from Zillow® shows these homes likely are located far from where…»