DAILY TOP 5

After initially signing a sublease deal to run out an existing lease, Monogram Health Inc. re-upped to stay long-term at the Hayden Ferry Lakeside campus. The Nashville-based kidney disease management company signed a five-year lease to occupy a full floor — 26,042 square feet — at Hayden

Full-service commercial real estate firm Lincoln Property Company (Lincoln) and partner Goldman Sachs today announced the sale of Buckeye85, a Class A industrial building located in the heart of metro Phoenix’s Interstate 10 Corridor. The buyer is LaSalle. “We are very pleased to announce this sale

Momentum in the multifamily market is trending up and is likely to continue thanks to lower debt costs and higher cap rates. Many buyers have been on the sidelines waiting out financing hurdles and softer fundamentals, and positive trends should start to loosen that backlog, said Marcus &

Borrowing costs head lower, but deal activity expected to remain flat, CoStar analysis says Commercial property prices are still struggling with reduced tenant demand for space, even with an expected interest rate cut from the Federal Reserve this month. Until tenants start leasing more space than they

Prices in the U.S. rose slightly in August and signaled inflation is waning, paving the way for further reductions in interest rates by the Federal Reserve. The Fed’s preferred PCE index inched up just 0.1% last month, the government said Friday. That matched the forecast of economists polled by

The mood of American consumers continues to brighten. Consumer sentiment extended its early-month climb, rising 3.2% in September to 70.1, according to the University of Michigan’s Index of Consumer Sentiment. It’s the highest level in five months

The rental housing construction market is gradually improving, according to the National Multifamily Housing Council’s quarterly construction survey in September. However, construction and development firms are still facing hurdles. Over half of the survey respondents, 52%, still reported

The Fed has just trimmed interest rates by 0.5% and, according to Goldman Sachs Research analysts, the central bank is likely to deliver three more 25 basis point rate cuts by the end of the year. But it will take “a slow but steady grind” over the coming years to make housing affordable

The Phoenix-Mesa Gateway Airport Authority is planning a new development that will complement the existing operations of major companies at the East Valley employment hub. The airport authority issued a request for qualifications to find a developer that will

Metro Phoenix maintained a relatively low rate of people living below the poverty line between 2022 and 2023, but high rent and mortgage rates kept the squeeze on many household budgets, according to newly released U.S. Census Bureau estimates

Tempe will soon decide the fate of a controversial apartment project that has been slammed by dozens of nearby residents over everything from its design, to its traffic impact and its height. The complex would be called Cabana Kyrene. The plan is to build it on a roughly 8-acre lot at 515 West Guadalupe Road in southern Tempe, where that street intersects with

U.S. commercial property prices edged into annual growth in August amid growing optimism that interest rate cuts will rejuvenate the market, MSCI Real Assets reported. The RCA CPPI National All-Property Index rose 0.6% from July, for a fourth consecutive month-over-month improvement

Despite record supply and economic uncertainty, the distribution and warehousing sector remains resilient. While the pandemic-driven e-commerce boom is well in the rear-view, distribution still dominated the largest industrial projects delivered so far in 2024. Plus, signs of renewed

A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one

Some Federal Reserve officials are signaling that they want to see significantly more rate cuts in the future. Chicago Fed President and CEO Austan Goolsbee at the National Association of State Treasurers annual conference on September 23, 2024, said, “At a moment like this, it’s important for

Gains in the first half of 2024 have been broad-based, with all four main property types showing improvement compared to the same period in 2023. Nevertheless, sales across all sectors also still lag the unprecedented peak seen in 2022 by 40% to 75%. Multifamily led the way, climbing

Arizona’s arrival as the nation’s hot spot for the semiconductor industry can be measured in corporate expansions, investment dollars and cutting-edge technology. That was never assured. Before the Great Recession, the region’s economy depended on land speculation, real estate development, housing and

It’s time to about how this summer turned rental trends on its head. More Phoenix renters decided to stay put compared to last year’s peak moving season, and it’s not due to a lack of options.  Here are details from RentCafe.com’s Rental Competitiveness

P.B. Bell, which has built 10 apartment communities totaling nearly 3,000 units across the Phoenix metro since 2019, is building its first build-to-rent project. The Scottsdale developer has teamed up with Everest Holdings to develop Marketside Villas at Verrado in Buckeye. The total

Construction has been muted in the Phoenix retail market for over a decade, as developers have shifted their focus to other property types in the wake of the Great Recession. Just 6.6 million square feet of gross new retail space has been completed since the end of 2020, a steep pullback from

Aerial view of the Taiwan Semiconductor Manufacturing Company under construction in north Phoenix on Aug. 25, 2024

PHOENIX — Another company has joined the list of homebuilders working to create the sprawling Teravalis master-planned community in Buckeye. New Home Co. became the sixth company building houses in Floreo, which will be Teravalis’ first village, developer Howard Hughes Holdings Inc. announced

With the onset of Covid, along with advancements in technology that have made it easier to connect from anywhere, the landscape of work has changed significantly during the last years. While previously real estate companies might have expected staff members to come to the office every

For decades, Phoenix has been the poster child of housing growth in Arizona. Now it’s the suburbs and exurbs’ time to shine as people increasingly turn to less dense, more affordable communities. But what are the fastest-growing housing