Commercial Real Estate & Business News – April 3, 2025
Sun Belt markets gained the most jobs after the pandemic. Now, that’s changing. The five years since the onset of the COVID-19 pandemic and subsequent economic disruption intensified the southward and westward movement of the United States labor market. Over the past year, however, a handful of states in seemingly moribund regions have seen substantial […]
Commercial Real Estate & Business News – April 2, 2025
Cap Rate Compression Expected to Drive Investment Growth in 2025 The macroeconomic environment has been marked by unusual trends, with short- and long-term interest rates diverging in behavior, as CBRE recently observed. Despite these complexities, there are reasons for optimism in the commercial real estate market, particularly regarding cap rate compression. CBRE anticipates some degree […]
Commercial Real Estate & Business News – April 1, 2025
Dick’s Sporting Goods acquires land for ‘House of Sport’ concept There’s more evidence that CRE markets are regaining stability, according to Crexi’s National Commercial Real Estate Report. If that continues, strategic planning for owners, investors, and developers will become easier and more reliable. Asking prices are settling down, either staying flat or gaining or losing […]
Commercial Real Estate & Business News – March 31, 2025
Dick’s Sporting Goods acquires land for ‘House of Sport’ concept Dick’s Sporting Goods (NYSE: DKS) has acquired nine acres in Gilbert to build one of its first Dick’s House of Sport concepts in the Phoenix area. The Pittsburgh-based company spent $6.8 million on land near the intersection of Williams Field Road and San Tan Village […]
Commercial Real Estate & Business News – March 28, 2025
Phoenix apartment rents turn modestly negative in February The average asking rent for Phoenix apartment buildings declined 0.1% in February, snapping a two-month winning streak that began in December 2024. Though rents modestly retreated last month, the 0.5% increase in the opening month of 2025 keeps growth for the year in positive territory. Midpriced buildings […]
Commercial Real Estate & Business News – March 27, 2025
‘Walkable community’ in Phoenix area wraps up second phase of development The second phase of construction has been completed for a mixed-use development in the Phoenix area billed as the “first walkable community of its kind.” Culdesac Tempe has been selected by a panel of local industry professionals as the winner of the 2025 CoStar […]