Today’s News 8-12-2025

Traditional office vacancy declines for first time in Phoenix since pandemic’s onset

Following four years of steep occupancy loss, the Phoenix office market is finally showing signs of stabilization. While the medical office segment has been comparatively resilient over the past five years, performance among the Valley’s traditional for-lease office buildings has been disrupted. The analysis in this article excludes medical and owner-occupied office buildings and those…»

US apartment rent growth flattens in July

U.S. apartment rent growth continued to slow in July, with more than half the nation’s 50 biggest multifamily markets seeing month-over-month declines. The national average monthly rent, at $1,717, was virtually flat and unchanged from June, according to a report from Apartments.com, the listings website owned by CoStar Group. The month-over-month change was a negligible 0.03% decrease…»

Multiple Forces Shape Strong H1 for Leading CRE Markets

The biggest U.S. commercial real estate markets are once again setting the tone for national investment trends — though the picture is far from one-dimensional. The country’s 12 largest metropolitan areas accounted for 37% of all commercial property sales in the first half of 2025, totaling nearly $68 billion in volume, according to Avison Young’s midyear investment sales report…»

Hotel, housing, dining: 3 projects coming to Phoenix you should know about

New lodging and housing developments are coming to Phoenix, and a popular eatery is continuing to expand west. Valley visitors will soon have a new resort option in downtown, where a 236-room hotel is under construction. A housing developer is building a new project in the Maryvale community, near a popular amphitheater. And a restaurant chain that’s getting more…»

ORION Handles All-Cash, 10-Day Deal in $4.8 Million Industrial Sale to City of Phoenix

Phoenix, Arizona – ORION INVESTMENT REAL ESTATE is proud to announce the successful sale of a 20,150-square-foot industrial facility located at 211 S 28th Street in Phoenix, which closed at $4,800,000. The transaction was led by ORION broker Jay Krew, who represented the seller, Logotec, in this strategic and efficiently executed deal. The property sits on 0.93 acres…»