Phoenix medical office market shows further signs of stabilization in 2025
The Phoenix medical office market has performed well so far this year, bouncing back after a challenging 2024, according to CoStar’s latest Medical Office Report. Over the past 12 months, occupied space increased by about 305,000 square feet. This is a turnaround from 2024, when the market lost roughly 87,000 square feet of occupied space. This recovery comes as more than 450,000 square…»
Phoenix housing market outpaces national trends again in 2025
Numbers were up for single-family home sales in October, according to the latest year-to-date data from Phoenix REALTORS®. Phoenix once again outpaced the national housing market in several different categories. “Year-to-date closed sales, pending sales, new listings and median sales price all increased,” said Christy Walker, board president of Phoenix REALTORS. “These…»
What is the 27-story tower going up near ASU’s campus?
Location: Seventh Street between Forest and College avenues in Tempe. Description: A 27-story mixed-use tower with 380 residential units is going up north of Old Main at Arizona State University. The tower, called Astria Tempe, is expected to be the second-tallest building in Tempe. The apartment building will have 701 beds spread throughout floors eight through 26. There will be seven levels…»
CoStar Warns Multifamily Downturn Deeper Than Expected
Now is not the time for investors to relax about the state of the multifamily market, according to a new analysis from CoStar. On the surface, a growing demand for apartments might be enough to absorb the oversupply created by new construction in some markets and stimulate rent growth. The latest analysis, however, lowers those expectations and predicts that the vacancy will…»
PepsiCo build-to-suit distribution center in high-demand area acquired by charitable trust
Simone Charitable Foundation, a Scottsdale-based philanthropic organization with assets totaling approximately $109.4 million, acquired a newly built distribution center in Gilbert, Arizona, from Atlas Capital Partners for $26.8 million, or approximately $443 per square foot. The 60,500-square-foot logistics facility at 3797 S. Silverado Court was completed in 2024 as a…»