Commercial Real Estate & Business News – January 2, 2025

As the office sector emerges from a generational shock to overall demand, many buildings that once buzzed with activity now struggle to attract occupants. The large amount of office space no longer considered competitive has led some observers to suggest that the sector is not just oversupplied but…»

The multifamily market is poised to remain the most active sector in terms of new investments next year, according to a new report from Colliers. While rising operational costs and the impact of higher interest rates will undoubtedly challenge property owner’s returns, several economic…»

Phoenix’s restaurant scene will continue to grow, expand and change in 2025. Even as the price of eating out continues to rise, Valley residents have shown they still want to spend money on restaurant dining. That – plus Maricopa County’s growing population – makes the Valley a…»

In 2024, Arizona’s commercial real estate sector witnessed significant transactions across various property types. Notably, the Ave Paradise Valley Apartments in Phoenix sold for $183 million, highlighting robust activity in the multifamily market. The office sector saw the sale of 24th at Camelback II…»

A $42.25 million Old Town Scottsdale building sale is ground zero for the next massive office redevelopment project from Phoenix-based developer George Oliver Cos. The 165,220-square-foot building at 7272 E. Indian School Road was sold Dec. 17 to 7272 Indian School Owner LLC, an entity tied to…»