Today’s News 8-14-2025

Crescent Communities, which has invested $377 million in multifamily development in metro Phoenix since 2007, has plans to double down on its activity in the Valley by investing another $433 million. The Charlotte, North Carolina-based developer has been actively developing in the metro since 2012, opening a Phoenix office in 2020 when Ken Keefe joined the company. Crescent has developed six luxury communities in the metro totaling 1,549 units…»

The Phoenix multifamily market is navigating another year of underwhelming rent growth. The average asking rent at Valley apartment buildings decreased 0.5% in July, the worst monthly performance since October 2024. Last month’s result marked the sixth-straight month of rent losses, bringing the year-to-date decline to 1%. For comparison, Phoenix rents rose 0.3% during the opening seven months of 2024, before steep losses in the back half…»

Commercial real estate investment and lending surged in the second quarter of 2025, but market analysts remain wary, cautioning that optimism should be tempered by the sector’s ongoing volatility and complex landscape. According to CBRE’s U.S. capital markets data, investment volume in Q2—excluding entity-level transactions—jumped to $96.9 billion, marking a 13% increase over the previous year. Private investors led the charge…»

Even as the commercial real estate market navigates a challenging economic landscape, a handful of major U.S. cities are driving a disproportionate share of investment activity — and reshaping the types of projects investors are pursuing. In the first half of the year, the nation’s top 12 commercial real estate markets accounted for nearly $68 billion in sales, representing 37% of total volume, according to Avison Young’s U.S. investment sales…»

American consumers have become more hesitant to spend, with year-over-year growth in real personal consumption expenditures falling a full percentage point from 3.1% at the end of last year to 2.1% at the end of June. While general uncertainty about the path of economic policy may be a factor in their restraint, rising consumer loan debt delinquencies may be contributing to the slowdown. The share of household debt balances in delinquency reached…»