Today’s News 8-4-2025

Investors Eye Rare Openings Amid Historic Price Drops in Commercial Property

U.S. commercial real estate is on the cusp of a “generational reset,” according to Cushman & Wakefield, which argues that 2025 will present investors with “rare windows of opportunity” for those able to act with both selectivity and creativity. This outlook is rooted in the extraordinary shifts that have shaped the sector since the onset of the pandemic. As policymakers unleashed…»

Top retail leases recognized for Phoenix

Prominent retail leases signed by IKEA, Amped Fitness and STG Automotive Group negotiated by top dealmakers from Kidder Mathews, Lynn Morrison Co. and JLL are among the second-quarter retail leases recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar is pleased…»

$92 million Mariott hotel breaks ground in CityNorth

Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets across the U.S., announced that it has opened an office in Phoenix. Based in The Promenade office park in North Scottsdale, the new space will offer ongoing support to the company’s growing operations in the state, which include a development pipeline of numerous…»

U.S. private sector adds 104,000 jobs in July, wages up 4.4%

Private sector employment increased by 104,000 jobs in July 2025 and pay was up 4.4 percent year-over-year according to the July ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The ADP National Employment Report is an independent measure of the labor market based on the anonymized…»

Huge Puma warehouse in West Valley changes hands in $140 million deal

A $140.2 million West Valley warehouse sale marks the largest single-building industrial transaction in the Valley since 2023, according to data from Costar Group. The building, which encompasses 1,023,610 square feet at 8900 N. Sarival Ave., is where global sportswear brand Puma houses its regional distribution center, along the Loop 303 corridor in Glendale. The sale closed…»