DAILY TOP 5

Estrella is gearing up for a big 2025. The master-planned community in southern Goodyear recently announced the planned construction of more than 500 houses across five different neighborhoods. Although they will be in different neighborhoods, all of the parcels will be in the Montecito village

Not only is the weather hot in Dallas and Phoenix, but the two desert markets top the nation’s ranking for industrial construction hot spots. In 2024, Dallas-Fort Worth and Phoenix saw a combined 78.3 million square feet of net new industrial space, the most and second most in the United States, respectively

The site of former Tempe water park Big Surf will now serve as the site of a large industrial park. Big Surf, the park on McClintock Road just north of the Red Mountain Loop 202, first opened in 1969, but closed its doors when the pandemic began and never re-opened. Following the closure multiple items from

South Carolina-based Logisticus Group LLC is setting up its first Arizona facility along the Loop 303 corridor in a deal that came together in just two days. The third-party logistics firm signed a lease for 483,300 square feet, or the entirety of building B at the Park303 industrial project in Glendale developed

Starwood Capital and Pretium Partners are kicking off the new year with two single-family rental securitized loan offerings totaling a combined $1.17 billion. The offerings boost an ongoing rebound for mortgage-backed bond issuances in the industry even as rent growth slows. Last year

The median asking rent has fallen to its lowest level since March 2022 to end 2024 down 0.3% year-over-year to $1,594, according to a Redfin report. The decrease is likely due to an influx of supply that has pushed apartment vacancies higher. The report said asking rents were down

Estrella is gearing up for a big 2025. The master-planned community in southern Goodyear recently announced the planned construction of more than 500 houses across five different neighborhoods. Although they will be in different neighborhoods, all of the parcels will be in the Montecito village

Construction recently completed on the $78 million, five-level University Gateway Building at Arizona State University (ASU), a 128,000-square-foot building that wraps around the Mill Avenue Parking Structure in Tempe, Ariz. The parking structure, which was completed in late

The U.S. multifamily market posted a weak performance at the end of 2024, with advertised asking rents down $4 to $1,742 in December, according to the latest Yardi® Matrix Multifamily Report. Year-over-year growth fell to 0.6 percent, marking the 16th consecutive month of increases below

Kohl’s announced Thursday that it would close 27 underperforming stores in 15 states by April 2025. The Menomonee Falls, Wisconsin-based retail giant saw sales drop during 2024, and Kohl’s stock price has fallen by over 50% in the last 12 months. The department store operates around

Many CRE firms are hopeful that 2025 will be the year that just about everything across the board booms after dozens of months of turbulence. For his part, Michael Thom, attorney in the business and finance department at Obermayer, has zeroed in specifically on the industrial sector. Industrial has many

This month alone, $8.6 billion of commercial mortgage-backed security loans are scheduled to come due. That’s putting pressure on the property lending system after years of leniency on holders of maturing debt — and leading some industry professionals to expect an increase in foreclosures

Cushman & Wakefield has advised the sale and acquisition financing for Broadway 101 Commerce Park, an 809,230-square-foot Class A multi-tenant industrial park spanning 11 buildings on ±53 acres in Mesa, Arizona. The sale set several local records including: the largest Phoenix industrial

The United States reached another record in new apartment construction for the third consecutive year – and the Phoenix Metro area is among the leaders of the pack, according to rentcafe.com. And Scottsdale was ranked fifth of 12 Valley cities for apartment construction, just behind

Commercial real estate investors have much to look forward to in 2025, both from an operational standpoint and an investment transaction point of view, said John Chang, national director of research and advisory services at Marcus & Millichap. Describing 2024 as a choppy year for CRE, Chang noted that

Grocery giant Albertsons Cos., with its $24.6 billion merger with Kroger derailed, said it can return to streamlining its sizable store fleet in a process that will include closing some stores. Executives of the Boise, Idaho-based supermarket chain, which has roughly 2,300 stores, on Wednesday conducted their first

Developer Overton Moore Properties (OMP), along with its partner, Invesco Real Estate (Invesco), have started construction on Nextwave Tempe. The project consists of three Class A industrial buildings totaling 689,000 sq. ft. on 35.5 acres at the former site of the Big Surf Waterpark in northeast Tempe at

New York-based development firm Left Lane is working through plans to turn the former Phoenix Financial Center into an urban, mixed-use resort to be called Recess Phoenix. Left Lane has envisioned converting the 18-story office tower, known as the Punchcard Building, into 209 hotel rooms and 143

Job seekers in several Valley cities have it pretty good, according to a report that puts Scottsdale ahead of all the rest nationwide. WalletHub ranked Scottsdale first in its 2025 Best U.S. Cities for Jobs report, while three other Valley cities landed in the top 20 out of 182 municipalities to make the list

San Diego-based Tower 16 Capital Partners has successfully acquired Yardly McDowell, a 167-unit, Build-to-Rent (“BTR”) multifamily property located in the rapidly growing West Valley of Phoenix, AZ. The property was built in 2023 and was acquired for $46.5 million, well below

After more than a year in receivership, the Adero Scottsdale Resort has a new owner. The 177-room property in Scottsdale along the border of neighboring Fountain Hills, which was known as the CopperWynd Resort before a $100 million renovation and rebrand in the late 2010s, was sold

Since before the U.S. presidential election in November, there has been speculation about how Donald Trump’s announced policies might affect inflation and, as a byproduct, interest rates. Now some big names in economics are saying that the impacts on inflation wouldn’t be as extreme

Momentum seems to be building in the American manufacturing sector after more than two years of weakness. The Purchasing Manager’s Index (PMI) from the Institute for Supply Management (ISM) moved higher for the second consecutive month in December despite the sector

Housing affordability improved slightly in 2024, but purchasing and owning a home was still financially out of reach for the typical U.S. household. Affordability improved because wage growth remained strong, at 4%, while the increase of housing-related costs slowed, thanks in part to a