Daily News 11-12-2026

Executives at apartment real estate investment trusts say multifamily supply is beginning to ease as fewer new units enter the market. Still, persistent concessions to induce renters are slowing the recovery in rents for new leases across many Sun Belt markets. Third-quarter leasing results from major multifamily REITs suggest that apartment market performance is increasingly separating by how much progress individual markets have made in absorbing recent supply. REITs with…»

The Switchyard, a 10-acre mixed-used development in downtown Queen Creek, is still only preparing for its first tenants to open, but it has signed several new leases, bringing new-to-market concepts to the Southeast Valley. The $120 million project is located on town-owned land on the northeast corner of Ellsworth and Ocotillo roads in Queen Creek and being developed by Creation, the real estate developer founded by David Sellers and Bob Agahi. On Nov. 14, Postino⁠, the popular Phoenix-based…»

Sometimes you have to mine a lot of rocks before you find a sparkly diamond. In a manner of speaking, the same goes for finding medical spaces throughout Arizona. As Arizona’s population increases, demand for outpatient healthcare facilities rises. But finding financially viable, optimal locations continues to prove challenging. Could vacant office buildings be hidden gems to help meet demand for healthcare facilities, while also lowering construction costs? Commercial real estate investment…»

Private debt in commercial real estate has probably doubled since 2019, and it may have grown even faster. The estimate comes from BGO Chief Economist Ryan Severino, who says the industry’s credit market has gone through a quiet but significant rebalancing. Banks, insurance companies and securitization still matter. But private capital has grown much faster than any of them, and Severino thinks that’s mostly a good thing for the market, provided investors can see the risks…»

Evergreen Development, on behalf of the Bullington family, has broken ground on Black Mountain Marketplace, a planned 13.3-acre neighborhood center located in Cave Creek, roughly 30 miles north of Phoenix. A 41,337-square-foot Mountainside Fitness will anchor the project, which is expected to be completed in the summer of 2027. Black Mountain Marketplace includes seven outparcel pads planned for dining, services and neighborhood-serving retail that will complement Mountainside…»