Today’s News 7-29-2025

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% unoccupied in June, following a…»

U.S. commercial real estate prices dropped across most sectors in the second quarter, though performance varied sharply by region and property type. That’s according to the latest monthly CoStar Commercial Repeat-Sale Indices that track when a previously sold property trades hands again in a process called a repeat sale. The June data showed that two indicators…»

A new affordable apartment complex in Sedona will provide homes for less than half what an average one-bedroom in the Red Rock city costs. Rents in the 30-unit complex, called Villas at Shelby, will start at $862 a month for a one-bedroom and less than $1,200 for a three-bedroom. The typical one-bedroom Sedona apartment rents for $1,800, according to apartment research…»

EdgeCore Digital Infrastructure has completed a $235 million asset-backed bond offering to refinance construction debt and bankroll future data center development in Mesa, Arizona. The securitization is the first for EdgeCore. The Denver-based developer backed the deal with rental revenue from its fully operational PH01 data center, which delivers 26 megawatts of power…»

The Arizona Republic’s plans to shift its printing operations out of Phoenix and to Las Vegas later this year will leave a 300,000-square-foot facility in the hot Deer Valley submarket open for other uses. The Republic announced this week that it would lay off 117 employees at its Deer Valley printing facility at 22600 N. 19th Avenue, which it had owned since 1987 before selling the building…»