Commercial Real Estate & Business News 5-22-2025
East Valley apartment complex sells for $138 million A Chandler property just became one of the largest luxury apartment sales of the year. The 392-unit Zaterra luxury apartments was purchased last week in an all-cash, $137.5 million transaction, according to Tempe-based real estate database Vizzda LLC. It marks the second significant sale of luxury apartments […]
Commercial Real Estate & Business News 5-21-2025
Booming downtowns: Phoenix adds 5,000 apartments in 5 years A quarter of all post-pandemic apartments constructed in Phoenix was concentrated downtown. Impressively, this resulted in more than 5,200 new units, positioning the city center as the 21st fastest growing downtown nationwide. Our Downtown Construction Report looks at the 50 largest U.S. cities to highlight those betting […]
Commercial Real Estate & Business News 5-20-2025
From Drive-Thrus to Digital Touchpoints, Retail Execs Chart a New Course LAS VEGAS-At the ongoing ICSC show here, a clear theme emerged from the insights of three leading executives: the retail and service landscape is being reshaped by a relentless focus on meeting consumers where they are-both physically and in terms of evolving expectations. The […]
Commercial Real Estate & Business News 5-19-2025
Rent Affordability Improves in Most Markets Nationwide Renting appears to be becoming more affordable across the country as the typical rent burden fell below the 30% of income rental affordability rule of thumb in most markets, according to Realtor.com’s April rent report. The study found that renters owning a typical household income spent 23.4% of […]
Commercial Real Estate & Business News 5-16-2025
Fed’s Barr says economy on solid footing, trade dispute clouds outlook WASHINGTON (Reuters) -The U.S. economy is on solid footing with inflation heading to the central bank’s 2% target, but trade policies have clouded the outlook, Federal Reserve Governor Michael Barr said on Thursday. “The economy is on solid footing, with solid growth, low and […]
Commercial Real Estate & Business News 5-15-2025
CRE Investment and Lending Surge as Private Buyers Lead the Way Both commercial real estate investment and lending activity were up significantly in Q1, according to a new CBRE report. CRE investment volume was up 14% year-over-year to reach $88 billion in the first three months of 2025. Trailing four-quarter volume was up by 18% […]