DAILY TOP 5

American consumers have become more hesitant to spend, with year-over-year growth in real personal consumption expenditures falling a full percentage point from 3.1% at the end of last year to 2.1% at the end of June. While general uncertainty about the path of economic policy may be a factor in their restraint, rising consumer loan debt delinquencies may be contributing to the slowdown. The share of household debt balances in delinquency reached

Long known as a destination for college students (and those wishing they were still college students), a handful of new restaurant and hospitality developments aim to pivot Old Town Scottsdale away from nightclub culture to appeal to a broader range of demographics. “This has been a calculated shift by our company to elevate the offerings in the hospitality district,” said Lissa Druss, a spokesperson for Riot Hospitality, which owns and operates several restaurants and

A $1 billion Gilbert development could kick off construction this year after receiving the final approvals from the town’s Planning Commission. The Ranch, a roughly 300-acre development planned at Power and Warner roads, is planned to include 3 million square feet of industrial space, 34 acres of retail development, 729 apartment units and 18 acres of green space near the neighboring residential community. The development had been controversial when

The lender for the $2 billion Ritz-Carlton Paradise Valley and The Palmeraie residential development has made plans to foreclose on the property amid a tense legal battle. The lender, an entity affiliated with New York-based private equity company Madison Realty Capital, filed a notice of trustee’s sale on Aug. 4. A public auction is set for Nov. 12 at the Maricopa County Superior Court Building in downtown Phoenix, according to county documents. The foreclosure sale marks

Although Phoenix home prices are plateauing in buyers’ favor, would-be buyers may stick to renting as mortgage interest rates remain around 6%. A recent RentCafe report reveals exactly how much square footage renters can get around the Valley with $1,500 a month. The report ranked the 200 largest cities across the United States using apartment data from Yardi Matrix to determine where $1,500 gets renters the most space. As it did in last year’s report, Tucson

Thompson Thrift, a full-service nationally recognized real estate company, announced today that Lowe’s has opened a 130,000-square-foot store at South Bridge Marketplace in Maricopa. Later this year the company plans to begin construction on a 54,000-square-foot second phase that will be anchored by ALDI. “The successful opening of Lowe’s is a testament to the strong partnership we’ve built with the city of Maricopa,” said Dan Sink, president and chief

Following four years of steep occupancy loss, the Phoenix office market is finally showing signs of stabilization. While the medical office segment has been comparatively resilient over the past five years, performance among the Valley’s traditional for-lease office buildings has been disrupted. The analysis in this article excludes medical and owner-occupied office buildings and those

U.S. apartment rent growth continued to slow in July, with more than half the nation’s 50 biggest multifamily markets seeing month-over-month declines. The national average monthly rent, at $1,717, was virtually flat and unchanged from June, according to a report from Apartments.com, the listings website owned by CoStar Group. The month-over-month change was a negligible 0.03% decrease

The biggest U.S. commercial real estate markets are once again setting the tone for national investment trends — though the picture is far from one-dimensional. The country’s 12 largest metropolitan areas accounted for 37% of all commercial property sales in the first half of 2025, totaling nearly $68 billion in volume, according to Avison Young’s midyear investment sales report

New lodging and housing developments are coming to Phoenix, and a popular eatery is continuing to expand west. Valley visitors will soon have a new resort option in downtown, where a 236-room hotel is under construction. A housing developer is building a new project in the Maryvale community, near a popular amphitheater. And a restaurant chain that’s getting more

Phoenix, Arizona – ORION INVESTMENT REAL ESTATE is proud to announce the successful sale of a 20,150-square-foot industrial facility located at 211 S 28th Street in Phoenix, which closed at $4,800,000. The transaction was led by ORION broker Jay Krew, who represented the seller, Logotec, in this strategic and efficiently executed deal. The property sits on 0.93 acres

Phoenix, Arizona – ORION INVESTMENT REAL ESTATE is proud to announce the successful sale of a 20,150-square-foot industrial facility located at 211 S 28th Street in Phoenix, which closed at $4,800,000. The transaction was led by ORION broker Jay Krew, who represented the seller, Logotec, in this strategic and efficiently executed deal. The property sits on 0.93 acres just minutes from Phoenix Sky Harbor International Airport. Currently occupied by

The multifamily housing market has set a new benchmark for demand, according to CBRE Research. Net absorption—a measure of new leases signed and occupied—climbed 44% year-over-year to 188,200 units, the highest second quarter figure ever recorded. This level is also 44% higher than the average for the same period before the pandemic. This milestone comes after several quarters where completions consistently lagged behind the pace of

Better-than-expected job and wage growth supported healthy demand conditions for public real estate investment trusts (REITs) during the second quarter. UDR chairman and CEO Thomas Toomey noted the wind has been at the back of the multifamily sector in 2025, supporting a record high absorption through the first six months of the year for the company. Camden Property Trust chairman and CEO Ric Campo shared that second

I have had the opportunity to discuss the Phoenix commercial real estate market activity consistently since 2022 for Arizona School of Real Estate and Business. This article always ties into the market update that I typically host, which, by the way, is coming up on August 22, 2025, Commercial Growth, make sure you sign up! Trends start to emerge each time I look at the data from year to year and this year is no different! Let’s start off by the recap of

The city of Phoenix is searching for developers to transform the Regency Garage in downtown Phoenix into a mixed-use project including a hotel to boost activity near the Phoenix Convention Center and surrounding area. The city issued a request for proposals for the site, located on just shy of an acre between 2nd and Adams Streets, which is adjacent to the convention center. While there is no set number of hotel rooms required for the project, the

The U.S. inflation rate hit a 40-year high after the pandemic but has since cooled significantly due to factors like the Federal Reserve rate hikes. The year-over-year inflation rate sits at 2.7% as of June 2025, which is the highest since February. Various factors, such as the war in Ukraine, labor shortages and recent tariffs, drive this higher than average inflation. Despite the country not meeting its target yet, the Federal Reserve will keep interest rates at

A private developer is preparing a 3,300-acre site in Pinal County for what could become Arizona’s largest data centre complex, as surging demand for AI and cloud infrastructure drives record investment in US capacity. One of Arizona’s largest private landowners, Vermaland, is planning a data centre project near Eloy that would be the state’s largest to date, with an estimated development cost of US$33 billion. The facility is expected to support up to three

The Planning Commission gave the final entitlement approval for The Ranch, a $1 billion mixed-use development in the heart of Gilbert, on Wednesday. Now, planning and construction work on The Ranch can begin. The 295-acre development will be situated along Power Road between Warner and Elliot roads. Once completed, The Ranch will be Gilbert’s largest mixed-use development. “This entitlement approval marks a turning point not just for

Apple Inc. plans to invest billions of dollars into Amkor Technology Inc.’s advanced packaging facility to be built in Peoria as part of a larger $100 billion commitment announced by the California-based tech giant Wednesday to boost its manufacturing in the United States. Apple’s $100 billion investment will support a new American Manufacturing Program intended to strengthen the company’s supply chain and advanced manufacturing operations in the U.S

Applied Materials announced it will bolster the semiconductor manufacturing supply chain in the U.S. with plans to invest more than $200 million in Arizona to create a new advanced manufacturing facility in Chandler, which will produce semiconductor equipment components and parts. The facility could support the creation of potentially 200 additional manufacturing, R&D and services jobs in the semiconductor field over a five-year period. “For nearly 60 years

Sometimes the general public is scarcely aware of the biggest stories breaking in their own backyard.
That is happening this week, as Arizona plants a stake in the future, declaring to the world that we will be a player in the modern economy.  If you are going to seriously compete in tomorrow’s economy, you are going to need energy and lots of it. The world is on the cusp of what many say is the next industrial revolution, and the electricity needed to power breakthroughs

Commercial and multifamily mortgage loan originations were 66% higher year-over-year in the second quarter of 2025 and up 48% from Q1, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. A rise in originations for office, healthcare and industrial properties led to an overall increase in lending volume. MBA reported a 140% Y-O-Y increase in dollar volume of office property loans, a 77% increase for healthcare properties, a

As we pass the midpoint of 2025, both the office and retail real estate sectors are showing signs of stabilization, albeit with distinct paths and pressures. While investor caution remains, strategic acquisitions and resilient demand are helping both asset classes find their footing in a recalibrated market. Office: Uneven Recovery, Opportunistic Buying: The office sector continues to navigate a slow and uneven recovery. With tech demand remaining muted outside of AI-related requirements in select gateway