Today’s News 9-25-2025
K. Hovnanian Homes wins prime Desert Ridge land in auction bidding war K. Hovnanian Homes had no intention of backing down at a Sept. 23 Arizona State Land Department Auction. The New Jersey homebuilder took on several major national competitors, ultimately exceeding the minimum bid by more than $33 million to buy 52.9 prime acres […]
Today’s News 9-24-2025
Scottsdale Fashion Square enhancements include new culinary options The region’s leading luxury retail center, Scottsdale Fashion Square, is taking new steps to enhance its shopper experience. Today Macerich (NYSE: MAC)—one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets—announced a new enhancement project that will elevate the […]
Today’s News 9-18-2025
West Valley dominates Phoenix metro land transactions, study reveals $3.2B in sales Land buys in the West Valley represented 53% of all land transactions across metro Phoenix, representing $3.234 billion in sales over the past 12 months, according to a new study by Land Advisors Organization. The East Valley represented 33% of land transactions totaling […]
Today’s News 9-17-2025
Investors Stay Selective as Multifamily Cap Rates Edge Higher Investors are seeing opportunities in multifamily markets with durable job growth and limited new deliveries, but they remain highly selective about where they choose to invest, according to Crexi’s August 2025 report. Median cap rates for multifamily properties sold rose slightly to 6.36% while asking cap […]
Today’s News 9-16-2025
Arizona is the big winner of the latest job data revision The Bureau of Labor Statistics recently released a preliminary look at its benchmark revision of annual job data, estimating that total U.S. nonfarm employment in March 2025 was 911,000 jobs lower than previously reported. While the 0.6% downward revision was the largest since 2009, […]
Today’s News 9-15-2025
New Rentals Fill Faster in Early 2025 Despite Ongoing Supply Surge New apartments were rented slightly faster in the first quarter of 2025 than in the second half of 2024, offering a brief but significant pause in what had been a long downward trend in absorption rates. In the first quarter, 48 percent of newly […]