Today’s News 8-7-2025
CRE Mortgage Volume Rises 66% Year-Over-Year in Q2 2025 Commercial and multifamily mortgage loan originations were 66% higher year-over-year in the second quarter of 2025 and up 48% from Q1, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. A rise in originations for office, healthcare and industrial properties led […]
Today’s News 8-5-2025
$33 billion data center industrial park coming to Pinal County Arizona land developer Vermaland, LLC unveiled plans for a $33 billion data center industrial park in Pinal County that would become the largest such development in the United States, positioning the Phoenix-Tucson corridor to compete directly with Northern Virginia’s “Data Center Alley” for tech industry […]
Today’s News 8-4-2025
Investors Eye Rare Openings Amid Historic Price Drops in Commercial Property U.S. commercial real estate is on the cusp of a “generational reset,” according to Cushman & Wakefield, which argues that 2025 will present investors with “rare windows of opportunity” for those able to act with both selectivity and creativity. This outlook is rooted in […]
Today’s News 8-1-2025
Huge Puma warehouse in West Valley changes hands in $140 million deal A $140.2 million West Valley warehouse sale marks the largest single-building industrial transaction in the Valley since 2023, according to data from Costar Group. The building, which encompasses 1,023,610 square feet at 8900 N. Sarival Ave., is where global sportswear brand Puma houses […]
Today’s News 7-30-2025
D.R. Horton eyes state land near Desert Ridge Resort About 52 acres of state trust land bordering the J.W. Marriott Desert Ridge Resort & Spa are going up for auction, according to a notice from the Arizona State Land Department. The minimum bidding price is $37.75 million, and the auction will take place Sept. 23. […]
Today’s News 7-29-2025
Phoenix office market sales close below the national average Most of the Western U.S. office markets surveyed for this report continued to see office vacancy rates above the national average of 19.4% throughout June. The highest market vacancy rate in the region last month was in northern California: office space in San Francisco was 27.7% […]