DAILY TOP 5

The amount of space available for sublease has risen quickly in the Phoenix office market since the onset of the pandemic as lower space-per-employee needs and tepid office-using job growth have weakened underlying tenant demand. This has caused many users to reevaluate their footprints and put

Semiconductor packaging company Amkor Technology’s $2 billion plant is likely to receive an economic development and tax incentive, with Peoria City Council unanimously supporting the company’s foreign trade zone application at its June 18 meeting.The move could bring significant tax savings to Amkor

Dallas-based Formation Interests has started construction on a 688,000-square-foot business park adjacent to the future Buc-ee’s convenience store in Goodyear. The overall $100 million development, the company’s first in metro Phoenix, will be built

Mack Real Estate Group (MREG) announced that the initial phase of Mack Innovation Park Scottsdale is fully financed and breaking ground imminently.  Affiliates of MREG have secured approximately $63 million of debt financing for construction of the two-building, 305,400 first phase

The number of new home listings continued to climb in May in year-to-date comparisons, according to the latest data from Phoenix REALTORS®. The first five months in 2024 were up more than 17% compared to the same period of 2023. Homes have also sold faster so far this year when compared to

The Mesa and Tempe city councils are expected to decide by early next year whether to move ahead with streetcar expansion, Valley Metro told Axios. Why it matters: Rail — though expensive and often controversial — can move more people quicker and with less environmental impact than private vehicles

The median price for a rental in the United States is $1,995 a month, a new study shows. A rental in metro Phoenix will likely run you a bit more than that though. With the Valley’s rapid growth, it can be difficult to find a rental for a reasonable price in the area you want to live. However, two Arizona cities were

Developer P.B. Bell has opened Weylyn Luxury Apartments at 9100 S. 59th Ave. in Laveen.With units ranging between 792 and 1,334 square feet, monthly rental rates start at $1,595.Developed and managed by Scottsdale-based P.B. Bell, the new community was designed to fit the agricultural style of the area

Thompson Thrift a full-service nationally recognized real estate company engaged in industrial, commercial, multifamily, mixed-use and retail projects across the country, shared insights on the current state of the Phoenix industrial market and why they feel notable plans for near-term investment demonstrate a promising

To understand where commercial real estate is pricing this year, start by looking back to early 2022 when the Federal Reserve’s interest rate hikes triggered a sharp decline in institutionally sized property deals. Pricing plummeted, directly tied to the rising rates, and the market’s

The amount of space available for sublease has risen quickly in the Phoenix office market since the onset of the pandemic as lower space-per-employee needs and tepid office-using job growth have weakened underlying tenant demand. This has caused many users to reevaluate their footprints and

According to the new report, advertised multifamily rents are up 1.1 percent year-to-date, with year-over-year increases maintaining each month at around 0.6 percent. Analysts expect that advertised rent growth will be around 1.7 percent for the calendar year, far below the 24 percent gain recorded in 2021 and 2022.

A mixed-use project in the middle of a busy commercial area of Scottsdale is set for consideration by the city. CaliberCos Inc. (Nasdaq: CWD), a Scottsdale-based real estate investment and development company, is bringing a rezoning case that will be examined on June 20 by the city’s development review board that

Conditions in the multifamily investment market have improved, driven by a steep contraction in property prices and growth in net operating income (NOI) that together offset the effect of higher mortgage rates. The effect was to boost Freddie Mac’s Multifamily Apartment

Migration plays an important part in the overall health and development of states. In Arizona, Maricopa and Pima counties serve as key areas of interest due to their significant population centers. Maricopa County, the primary county of the Phoenix Metropolitan Statistical Area (MSA), and Pima County

The Mesa and Tempe city councils are expected to decide by early next year whether to move ahead with streetcar expansion, Valley Metro told Axios. Why it matters: Rail — though expensive and often controversial — can move more people quicker and with less environmental impact than private vehicles.

A planned high-rise tower in downtown Phoenix could bring a neighborhood market and a new restaurant from the operator of The Churchill. Kell Duncan, founder of The Churchill, the downtown Phoenix restaurant, bar and retail venue made of shipping containers, bought the building at Central Avenue and Garfield Street

When Dan Duffus and his team geared up to bid on a parcel of land that was home to an office building that was occupied at the time by the Drug Enforcement Administration, the large parking lot next to the building was the real prize. Seattle-based Soltrust Residential REIT, then-known as Blueprint Capital REIT

Construction has launched on Lot 6, known as Shorehaven, the first phase of the $1.8 billion mixed-use South Pier master planned development on the southern shore of Tempe Town Lake, one of Arizona’s top tourist destinations. Located at 1306 East Vista Del Lago Dr, the development will feature entertainment

Since May 29, we’ve witnessed a decline in the 10-year yield, which has been favorable for mortgage rates. The critical question is: Can this trend persist? Clues from the recent Fed meeting and the softening inflation data hint at a potential continuation — if the labor data gets softer. How is this affecting

Affluent lifestyle renters have skyrocketed in recent years, driving up the demand for luxury single-family rentals across the U.S. And they want more—modern amenities, extra space, and no mortgage hassles. Arizona follows this trend, offering diverse options for

Greenlight Communities, along with property management company Bryten Real Estate Partners, has begun leasing at its two newest apartment communities, Streamliner 67th and Streamliner 16th, in metro Phoenix. With move-ins set to begin in July and August, Greenlight’s Streamliner communities

Space for lease in grocery-anchored, mixed-use development with small shops, multifamily and office centrally located across the street from entertainment venue. Sound like a desirable retail location? Don’t call the broker until you get a look at the property: That’s Trajan’s Market in

While many eyes have been on the (perhaps unsurprising) news that the Federal Open Market Committee opted to keep its current interest rate as is, other economic indicators have been pointing to a “slow start to the beginning of the second quarter,” said John Beuerlein, Chief Economist of