Commercial Real Estate & Business News – January 31, 2025
Target, apartment housing to anchor 64 acres of development in east Mesa A Target store and housing will anchor a swath of vacant desert land in east Mesa after the city council approved a rezoning request Monday. The city made way for the project dubbed Medina Station after the council annexed about 64 acres and […]
Commercial Real Estate & Business News – January 30, 2025
Phoenix posts record year for industrial deliveries During 2024, Greater Phoenix posted its highest level of industrial construction deliveries, bringing 34.8 million square feet of new space to the market and increasing inventory by 7.8 percent, according to a report released by Colliers. The wave of new buildings pushed vacancy up…» Office Investment Increases for First […]
Commercial Real Estate & Business News – January 29, 2025
Federal Reserve Expected to Hold Rates Steady Despite Trump’s Push for Cuts Anyone thinking the Federal Reserve would cut the federal funds rate during this week’s meeting shouldn’t hold their breath. That means President Donald Trump is likely to be disappointed as he pushes for immediate rate cuts. In fact, an increasing number of Wall […]
Commercial Real Estate & Business News – January 28, 2025
Vistancia secures 100 more acres to fuel growth in Peoria Northpointe at Vistancia and the Village at Vistancia, communities in the award-winning 7,100-acre Vistancia master planned community in Peoria, have recently secured over 100 acres in land sales, continuing to poise the community for future growth. “Vistancia’s builder interest…» Underwater Loans, Distressed Assets Still Shaping […]
Commercial Real Estate & Business News – January 27, 2025
Migration and Affordability Set to Revive Sunbelt Multifamily in 2025 Easing rents in the Sunbelt could boost migration to the region, leading to positive net absorption and reduce vacancy in the multifamily markets there, according to Marcus & Millichap’s 2025 national investment forecast. The report found two-thirds of the 21 major metros in the region […]
Commercial Real Estate & Business News – January 24, 2025
Metro Phoenix’s economy is one of the best in the US, study finds. Here’s why How strong is Phoenix’s economy compared to other large cities across the United States. Questions like that are what the Milken Institute set out to answer with its annual Best-Performing Cities report. Analysts at the nonpartisan think tank analyzed 13 […]