Commercial Real Estate & Business News – March 21, 2025

In 2025, industrial development is expected to continue decelerating, in response to the rapid expansion seen early in the decade. But the good news for Valley residents is that the Phoenix industrial pipeline ranks No. 3 among the largest in the U.S. CommercialSearch’s newest report highlights the markets with the newest industrial supply underway, as well as the largest...»

BKM Capital Partners has acquired a three-property portfolio totaling 778,000 square feet in metro Phoenix for $156.8 million, public records show. Starwood Capital Group previously owned the assets dubbed Kyrene CommercePlex, Estrella Business Park II and Hohokam Industrial Park. This was the firm’s most recent investment in the Valley, but not the only one this…»

Scottsdale-based HonorHealth Research Institute opened a $7 million Center for Translational Science laboratory on the Phoenix Bioscience Core campus in downtown Phoenix. The 2,500-square-foot laboratory for HonorHealth Research Institute’s Center for Translational Science is within 850 PBC, a seven-story building at 850 N. Fifth St. developed by Wexford Science…»

As tariffs on key materials tighten their grip on U.S. trade, the rising cost of construction threatens to put commercial real estate projects on ice. The Trump administration imposed 25% tariffs on all steel and aluminum imports and most Mexican and Canadian imports in mid-March. The move is expected to drive up construction costs for commercial real estate by…»

President Donald Trump and Federal Reserve Chair Jerome Powell have found themselves at odds over interest rates and their impact on the U.S. economy. Trump, in a post on his Truth Social platform, urged the central bank to cut interest rates as tariffs begin to take effect, stating, “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into…»