Commercial Real Estate & Business News – January 28, 2025

Northpointe at Vistancia and the Village at Vistancia, communities in the award-winning 7,100-acre Vistancia master planned community in Peoria, have recently secured over 100 acres in land sales, continuing to poise the community for future growth. “Vistancia’s builder interest…»

A new MSCI report on CRE trends to watch in 2025 finds that despite interest resuming, “the recovery is still nascent and not everywhere all at once.” One factor is the still high percentage of the $500 billion in CRE loans due to mature this year that can be classified as in trouble. “If these…»

The US apartment market capped off 2024 with a seventh straight quarter of record supply. In addition, the nation hit a 50-year high in supply for the year. The market logged especially significant deliveries during the last three quarters of the year, according to a RealPage analysis of the apartment market…»

After completing a feasibility and site selection study, Peoria city leaders have decided they will no longer pursue an airpark in the northern part of the municipality. With the Taiwan Semiconductor Manufacturing Co. next door and billions of dollars worth of development planned to support it…»

Western office markets faced mounting challenges in December 2024, with San Francisco standing out. The city saw record-high vacancy rates of 28.8% driven by a wave of lease expirations and declining demand. These pressures have also weighed heavily on office asking rents and construction…»