Multifamily Supply Surges: Yardi Matrix Raises Forecast Through 2028
Yardi Matrix has updated its Q1 2026 multifamily supply forecast after earlier forecasts that assumed the slowdown in new-construction activity recorded in 2024 would continue into 2025 proved incorrect. The revised forecast no longer anticipates that new supply will bottom out in 2027 at or below 400,000 units…»
Phoenix City Council unanimously approves Colangelo’s Biltmore luxury condo project
Phoenix City Council unanimously approved a luxury condominium development near the Arizona Biltmore and Wrigley Mansion in Phoenix. JDM Partners LLC’s proposed development at 2400 E. Arizona Biltmore Circle received several letters of support as well as those opposed — including opposition from Best Western Hotels next door…»
Developer wins auction bidding war for Buckeye land
Dozens of people crowded into a conference room Feb. 4 at the Arizona State Land Department to witness a bidding war over 272 acres in Buckeye. Bidding started at $42,050,000 for the two parcels of land that span north and south of Interstate 10 near a growing shopping hub where more than 1 million square feet is under development…»
US office forecast brightens as demand steadies, obsolete space removed
U.S. office vacancy appears to have reached a cyclical peak, topping out at 14.2% in mid‑2025, before edging down slightly by year’s end as the updated CoStar forecast anticipates stable vacancy through the end of 2026. That’s now expected to be followed by a gradual decline that would bring the headline vacancy rate near 13% by 2030…»
New York-based Pure Insurance is moving its regional headquarters to The Galleria. Stockdale Capital Partners signed Pure Insurance to a long-term lease for 40,302 square feet at The Galleria in Old Town Scottsdale. The company will occupy a portion of the second floor, which is enough room to accommodate 250 employees. It joins fellow Galleria tenants TikTok, U.S. Data Security…»