CRE Heads Into New Year With Optimism Fuelled by Multifamily and Office Momentum
The CRE industry is moving from resilience in 2025 to optimism for 2026, driven by artificial intelligence, lower interest rates and a stabilization of policy uncertainty, according to Cushman & Wakefield’s 2026 CRE Outlook report. Across property types, fundamentals are strengthening, demand is improving and capital is slowly re-engaging, setting the stage for selective growth. The office sector, particularly, is showing early signs of momentum. Attendance is stabilizing…»
CRE Lending Rebounds as Banks Navigate Distress Risks
According to Bisnow, banks are reentering the commercial real estate market after a multi-year pullback. Loan origination volumes hit $227B in the first nine months of 2025. That marks an 85% jump over last year and is nearly back to 2019 levels, according to Newmark. Multifamily assets led the surge. These properties received about half of the loans originated in Q2. Even the office sector—largely avoided in recent years—is seeing renewed lending activity. “Deploying capital into…»
Iconic Arizona restaurant Durant’s to reopen after renovations
Durant’s, one of the longest-running and most-praised restaurants in Arizona, is set to reopen after an extensive renovation by its new ownership. The company announced on its website this week it will reopen its doors on Dec. 17. It has already started taking online reservations. Back in February, Durant’s closed its doors after being acquired by Prime Steak Concepts, the locally owned group behind Dominick’s Steakhouse, Steak 44 and Ocean 44. Prime Steak Concepts…»
Maricopa Community College District buys Tempe office complex
Maricopa County Community College District purchased a 188,960-square-foot office complex in Tempe, Arizona, from The Widewaters Group for $27 million, or about $143 per square foot. The former Target Financial Center, located at 8530 S. Priest Dr., consists of two 94,480-square-foot office buildings constructed in 2003 and renovated in 2019. The two-story property sits on a 25-acre site and includes a two-level parking garage. The community college district plans…»
Lennar eyes 473 acres of East Valley land for new housing development
National homebuilder Lennar is looking to scoop up about 473 acres of state land near Mesa where it wants to build new homes. The East Valley property, which is off Meridian and Baseline Roads, is bisected by the U.S. 60. It is in the Mesa area, though it is technically in unincorporated Maricopa County. The land will likely be auctioned off in the third quarter of 2026 though an exact date has not yet been set, according to the Arizona State Land Department’s…»