DAILY TOP 5

Multifamily developer 29th Street Capital bought 20 acres for a planned single-family rental project in Apache Junction, Arizona, as the firm expands its footprint in greater Phoenix with its first development project. The Chicago-based developer paid

Last week offered a startling look, which set off a plummet on Wall Street, at how the highest inflation in more than 40 years is dragging down some of the nation’s biggest retail chains. In a series of first-quarter earnings releases, companies and major users of

The city of Glendale is looking to transform a massive property next to its sports and entertainment district into a master-planned development with office, retail, hotel, commercial and high-density housing

Real estate investors are sweet on multifamily – so much so that they have increasingly been willing to pay more for it than ever before, especially in certain circumstances. Whether that demand can continue or a bubble burst is on the horizon is the focus of a new Multifamily Trading Bulletin from

Certain birds of prey are known for their incredible vision. Our very own Sonoran Desert dweller — Harris Hawk — not only registers objects at incredible speeds but also possesses acute vision of varying light waves. Much like the

At least 30 apartment developments stalled or were shelved across metro Phoenix in 2021 due to not-in-my-backyard-ism, zoning issues and political backlash. That’s an industry estimate from apartment experts and includes projects spanning from

If you thought the first quarter’s $63 billion in multifamily sales was a lot, consider the dry powder that is still waiting on the sidelines for this asset class. According to Newmark, it is a record $250 billion. That equates to over

The city of Goodyear is looking to expand its foreign trade zone sites, which significantly reduces property taxes, in a growing industrial corridor in the West Valley. The 113-acre property is known as Prologis 303 Business Park and is located on the

A famous mid-century office building in midtown Phoenix will soon become part of a mixed-use campus with new housing, amenities and an outdoor park for the community. Formerly known as the Phoenix Financial Center, the Punchcard Building was developed

LAS VEGAS—Welcome to ICSC Las Vegas! GlobeSt.com is in attendance along with many others, who exclusively tell us that optimism is in the air. Optimism in the industry remains high. US consumers are still in

In another sign of the strength of the U.S. consumer and the resiliency of brick-and-mortar retail, in-store retail sales per square foot rose to records across most major categories in the first quarter, according to data compiled by Datex Property Solutions and reported by

Apartment and condominium developers have soured on future prospects, a sentiment that could slow construction activity in a few months. The National Home Builders Association’s quarterly index measuring developer sentiment fell

New data indicates that rental competition remained relentless in April, as the U.S. median rental price hit a new high ($1,827) for the 14th month in a row, according to the Realtor.com Monthly Rental Report released today. These trends spotlight the

With ICSC Las Vegas now underway, attendees can finally put into action what they have been hoping to do the most at this year’s show. For many, if not most, attendees that means face-to-face contact. We’ve been asking attendees for weeks what they are most looking forward to

The 171-unit Hudson on Farmer apartment complexin downtown Tempe sold for $96 million, or $561,414 per unit, as investors continue to buy multifamily properties in the Valley at a rapid pace.

Two publicly traded homebuilders are unveiling new communities in the Valley at a time when the market is cooling. Landsea Homes Corp. (Nasdaq: LSEA) has begun selling 90 homes at Rev at Eastmark in Mesa while KB Home (NYSE: KBH) opened

When Nick Campisano and Josh James went on food trips, the food and beverage industry veterans were constantly fascinated by what big food-centric cities like New York and Chicago were doing. Campisano talked about

The future of downtowns across America has been debated and scrutinized since the onset of the Covid-19 pandemic.In the early days of the pandemic, people decamped dense urban cores for more square footage, social distancing and cost savings elsewhere.

Fewer Americans plan to work past the age of 62. In a March 2022 survey conducted by the Federal Reserve Bank of New York, 49.2% of Americans plan to work past the age of 62, a figure that is 6.2% lower than two years prior. However, it can be

Tides Equities LLC just closed on its 61st multifamily property in metro Phoenix, with an appetite to buy more in the Valley.Since entering the market in 2016, the Los Angeles-based investor has spent more than

Multifamily rents aren’t seeing a slowdown yet, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rate rose $15 in April—$30 over the past two months and

Two more apartment complexes traded this week in Tempe, Arizona, the latest of roughly two dozen multifamily properties purchased mainly by out-of-state investors this year in the Phoenix suburb. Ideal Capital Group, an investor based in

On May 17, 2022, Tempe Mayor Corey Woods kicked off AZ Big Media’s inaugural Fueling the Economy event, underscoring the economic growth happening in one of Arizona’s premier cities. During his presentation, Woods touched on just how much the landlocked municipality has

PHOENIX – Online real estate seller Opendoor announced Wednesday the addition of 500 jobs as it expands its Tempe office to a regional hub. The 100,807-square-foot space in the Watermark at Scottsdale Road and Loop 202 Red Mountain will be