Commercial Real Estate & Business News – March 18, 2025

U.S. retail sales rose 0.2% in February following a downwardly revised 1.2% decline in January, the Census Bureau said Monday. The January decline represented the biggest monthly drop since November 2022. February’s increase came in below the Dow Jones estimate of 0.6%, CNBC reported. Excluding…»

Has the office market begun its recovery yet? There’s growing evidence that it has — at least the upper tier. In its latest earnings call, CBRE Group noted 28% U.S. office leasing revenue growth, with occupiers “increasingly comfortable making long-term decisions.” A CBRE report showed top-tier office owners…»

Cushman & Wakefield announced the firm has represented EQT Real Estate in fully leasing a recently constructed 641,906-square-foot Class A industrial / logistics building on ±40 acres in Buckeye, Arizona. The new full-building tenant is Kenco, a third-party logistics company. Known as Gateway I-10, the…»

Intel Corp. is reportedly producing initial runs of its 18A silicon wafers at its Arizona computer chip manufacturing plant, suggesting that the company’s new semiconductor fabs in Chandler may be operating ahead of schedule, according to media reports. Tom’s Hardware reported on Friday that…»

Mortgage rates started ticking down in February and metro Phoenix home prices and sales ticked up. The Valley’s median home price climbed $5,000 from January to $455,000 in February, according to the Arizona Regional Multiple Listing Service. Home sales reached 5,638 last month, up from 4,578 in…»