DAILY TOP 5

Multifamily core fundamentals are showing resilience in Greater Phoenix, despite supply flooding the market, according to a Colliers market report. Occupancy saw a 30 basis points year-over-year increase in the third quarter to 93.5 percent. The biggest improvement was seen in North Phoenix, which enjoyed a 1.1 percent boost to 93.6 percent. Just three subarkets (Camelback, Chandler and Oldtown Scottsdale) experienced occupancy drops

The Phoenix medical office market has performed well so far this year, bouncing back after a challenging 2024, according to CoStar’s latest Medical Office Report. Over the past 12 months, occupied space increased by about 305,000 square feet. This is a turnaround from 2024, when the market lost roughly 87,000 square feet of occupied space. This recovery comes as more than 450,000 square feet of new medical office space was completed, showing

Intersection Development, in conjunction with Räkkhaus Studio, announced the completion of its Rainbow Road project located at 1030 N. 1st Ave. in Phoenix. The project’s design incorporates a variety of elements inspired by Nintendo’s video game series Mario Kart’s Rainbow Road track – playful elements, movement, repeating geometric patterns, and color, honed into a striking contemporary building. “Rainbow Road is a reminder that cities don’t have

Thai Chili 2go, a fast casual Thai restaurant chain based in Gilbert, will add eight new locations to the Valley over the next year. The company, which started about a decade ago as a spinoff from Thai Chili, a traditional sit-down Thai restaurant in the East Valley, has grown in popularity and presence over the past 10 years. There are currently 17 Thai Chili 2go locations around the metro Phoenix area and the company plans on growing its store count by at least

The Phoenix medical office market has performed well so far this year, bouncing back after a challenging 2024, according to CoStar’s latest Medical Office Report. Over the past 12 months, occupied space increased by about 305,000 square feet. This is a turnaround from 2024, when the market lost roughly 87,000 square feet of occupied space. This recovery comes as more than 450,000 square

Numbers were up for single-family home sales in October, according to the latest year-to-date data from Phoenix REALTORS®. Phoenix once again outpaced the national housing market in several different categories. “Year-to-date closed sales, pending sales, new listings and median sales price all increased,” said Christy Walker, board president of Phoenix REALTORS. “These

Location: Seventh Street between Forest and College avenues in Tempe. Description: A 27-story mixed-use tower with 380 residential units is going up north of Old Main at Arizona State University. The tower, called Astria Tempe, is expected to be the second-tallest building in Tempe. The apartment building will have 701 beds spread throughout floors eight through 26. There will be seven levels

Now is not the time for investors to relax about the state of the multifamily market, according to a new analysis from CoStar. On the surface, a growing demand for apartments might be enough to absorb the oversupply created by new construction in some markets and stimulate rent growth. The latest analysis, however, lowers those expectations and predicts that the vacancy will

Simone Charitable Foundation, a Scottsdale-based philanthropic organization with assets totaling approximately $109.4 million, acquired a newly built distribution center in Gilbert, Arizona, from Atlas Capital Partners for $26.8 million, or approximately $443 per square foot. The 60,500-square-foot logistics facility at 3797 S. Silverado Court was completed in 2024 as a

Interest rates on CRE loans are lower on average today than they were last year, when the 10-year Treasury yield fell to the 3.6% range, according to a new report from Marcus & Millichap. A few factors are pushing CRE interest rates down. The first is the Federal Reserve’s second 25-basis-point rate cut this year, which brought the overnight rate down to the 3.75% to 4% range. That move nudged the 10-year Treasury up about 10 basis points to roughly 4.1%. By

A 12.4-acre parking lot near Christown Mall could be developed into housing and commercial uses, as Phoenix explores development on city-owned land along light rail routes. The city owns the site, which is used as a park-and-ride, near 19th and Montebello avenues. The land is southwest of Christown Mall. The city applied to rezone the land to allow both commercial and residential uses and would release a request for proposals to solicit projects from private developers once

Full-service commercial real estate firm Lincoln Property Company (Lincoln) has announced the completion of I-10 International Phase I, its first-ever ground-up industrial development in Tucson, Arizona, and the newest addition to Southern Arizona’s emerging Sonoran Desert industrial corridor. Valued at $80 million, I-10 International Phase I sits on 79 acres at the southeast corner of Alvernon Way and Los Reales Road, two miles from a full-diamond interchange at

A high-rise office building in midtown Phoenix sold at a steep discount. The property, located at 2600 N. Central Avenue, sold for $15 million on Nov. 5, trading hands from Vancouver-based Townline Ventures to Phoenix-based Cotterkey Investments. In 2019, the building sold for nearly twice as much — at $29,450,000. The 20-story building amounts to over 317,000 square feet, was built in 1994, and sits on 2.74 acres at the corner of Central Avenue and Thomas Road

Commercial real estate dealmaking remained sluggish through the third quarter, with total activity “stalled at pre-Covid levels,” according to Moody’s data reported by CNBC. Although the overall dollar volume rose 5% year-over-year, analysts described the market tone as restrained and selective. Transaction data for September underscored that shift. Across roughly 1,700 deals, the average transaction size reached $12.7 million—slightly higher than a year earlier and

The pandemic is now just a thing of the past for many office landlords and commercial real estate services firms, with leasing and sales demand officially meeting or surpassing 2019 levels. Executives behind some of the largest landlords and brokerages in the United States say the office market has rounded an important corner, pushing some firms into record dealmaking territory after years of lower demand as a result

Arizona’s rapid population growth is reshaping the healthcare real estate market, bringing both opportunity and strain. As new communities take root across the Valley, providers and developers are being asked to deliver care in ways that are more convenient, cost-effective and patient-centered. Two themes dominate the conversation in 2025: the shift toward outpatient and community-based care, and the mounting financial

Cap rates have been taking center stage as investors and lenders navigate a shifting landscape characterized by persistently high interest rates and compressed risk premiums. The third quarter saw the average cap rate across all commercial property types at 6.34%, nearly matching the average interest rate of 6.57%, leaving a razor-thin spread of just 23 basis points, according to the latest CRED iQ data

After a year of rent softening, the U.S. apartment market is gearing up for renewed growth. According to RealPage Market Analytics, average market-rate effective asking rents are projected to climb 2.3% in 2026, rebounding from a 0.7% decline for the year ending in October 2025. The outlook points to a broad-based upswing, with 11 of the nation’s 50 largest markets expected to see rent gains of 3% or higher

Knowing the 20 largest employers in Arizona offers valuable insight into the state’s economic drivers, workforce trends and key industries shaping growth. Whether you’re a job seeker, policymaker, or business leader, understanding where the jobs are — and where opportunity is growing — can help you make smarter, more strategic decisions. Here are the 20 biggest employers in Arizona in 2025, based on data collected

A key factor in the performance of the U.S. apartment sector over the past two years has been the large number of new units added to supply, an increase that far outpaced demand — particularly in the South, Southwest and Mountain West regions. This imbalance has resulted in elevated vacancy rates and falling rents. The tide has finally begun to turn this year, with deliveries of new apartment units projected to decline by nearly

The Scottsdale 101 Shopping Center, located at the southwest corner of the Loop 101 freeway and Scottsdale Rd. in Phoenix, announces five tenant updates, including three restaurants, one wellness center and one entertainment venue. The shopping center, managed by YAM Properties, welcomes the opening of Rodizio Grill, the rebranding of Bowlero to Lucky Strike and Coconuts Fish Café to Maui Fish House, and the arrival of

Full-service commercial real estate firm Lincoln Property Company (Lincoln) has announced the completion of I-10 International Phase I, its first-ever ground-up industrial development in Tucson, Arizona, and the newest addition to Southern Arizona’s emerging Sonoran Desert industrial corridor. Valued at $80 million, I-10 International Phase I sits on 79 acres at the southeast corner of Alvernon Way and Los Reales Road, two miles

U.S. monthly apartment rent growth declined last month in its largest October drop in more than 15 years as an oversupply of units affects all parts of the country. The national average rent fell to $1,708, a 0.3% decrease from September’s revised figure of $1,713. That marks the fourth consecutive month of no change or a negative change in monthly rent, according to a report from CoStar’s Apartments.com. Three of the five steepest monthly

A massive data center corridor in the works in the far west side of the Valley is clearing initial hurdles. Maricopa County’s planning and zoning commission recommended approval of a new land use designation at a Nov. 6 meeting to set up thousands of acres for data centers and other industrial uses. The proposed development is from a notable valley landowner, Anita Verma-Lallian, who is CEO of Arizona Land Consulting