DAILY TOP 5

Clean energy investments and incentives – passed thanks to President Biden and Congressional Democrats – have turbocharged our clean energy economy in Arizona. Since becoming law on August 16th, clean energy companies have

Phoenix has emerged on top as the fastest-growing industrial market in North America, according to real estate experts. The Phoenix metro’s industrial market had a growth rate of

Close on the heels of its 250,000-square-foot “Building 109” groundbreaking, SkyBridge Arizona has started construction on a second 250,000-square-foot building, “Building 108.” Together, the buildings bring

The owner of Turf Paradise, a historic 1,400-acre horse racetrack in north Phoenix, is negotiating to sell to a developer. Vincent Francia, general manager of Turf Paradise, said the track’s owner, Jerry Simms, has signed an agreement to

Life insurance companies, until recently a reliable source of capital for commercial property developers, are shunning office building owners as tens of billions of dollars in office loans come due this year. The Wall Street Journal reported that

Blackstone through its affordable housing portfolio company, April Housing, and Dominium will develop Casa Azure, which will bring 196 new affordable housing units to Phoenix, AZ. Blackstone will provide

For the first time since the Federal Reserve began raising interest rates in early 2022, underwriting assumptions for prime multifamily assets are beginning to stabilize, CBRE reported. The average multifamily going-in cap rate increased by

Tempe City Council will vote on three projects this week that would each bring hundreds of apartment units if approved. Those projects, which are set to be heard on April 20, include 16 East University, Rio 2100 Residences and IDM Fountainhead

Scottsdale-based luxury home developer, Silver Sky Development, has announced the unanimous approval of its 12-lot luxury estate home site in Paradise Valley, Ariz., by the Town of Paradise Valley Council. Silver Sky, named in honor of

Condo owners looking to upgrade to a house in many metro Phoenix areas will have to save for years to afford the larger space, according to a new analysis by real estate company Point2. Why it matters: Bigger homes have

Two economic impact studies that examine the proposed entertainment district development in Tempe by the owner of the Arizona Coyotes were released Monday with very different results. With less than a month until

Stockdale Capital Partners, a Los Angeles-based, vertically-integrated real estate investment firm, is committing over $20 million on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, Arizona to be

RED Development and Globe Corp. have formed a joint venture to build a 150-acre mixed-use development in the growing city of Goodyear, Ariz., that will create an upscale entertainment hub called GSQ, with

Hammers are pounding out a steady rhythm across metro Phoenix as developers — many of them making their market debuts — are constructing thousands more build-to-rent residences. About 12,100 units are

Blackstone through its affordable housing portfolio company, April Housing, and Dominium will develop Casa Azure, which will bring 196 new affordable housing units to Phoenix, AZ. Blackstone will provide

Student housing rents and pre-leasing set new records in March, according to the latest National Student Housing Report from Yardi Matrix. Rents increased 7% year-over-year in March to an average of $829 per bedroom, a record high

With arguably the best views in the Valley, nearby amenities and some of the region’s biggest and newest office buildings, Tempe Town Lake has become the top office destination in the Phoenix metro. Certainly the submarket’s lease rate is an indicator of that

CapRock Partners looks to move a hefty chunk of its industrial project pipeline in the Valley forward this year. By the end of 2023, the California-based industrial real estate development and investment firm expects to deliver more than 3 million square feet across projects in Chandler, Mesa and in

When you walk into The National in downtown Dallas, there’s a greeting table for an upstairs restaurant that offers guests a glass of champagne to prep them for their 40-story ride to dinner. Keep walking, and you’re in the lobby of a luxury hotel. Jump in the elevators and head up a few stories, you’re in the

Despite a sluggish start, 2022 ended on a positive note for both supply and demand metrics in the manufactured housing sector, a recent Northmarq report shows. Even with the fourth quarter being slower in terms of deliveries and investment activity, the U.S. manufactured housing market had

Wells Fargo & Co. warned about shakiness in the commercial real estate market and said it’s reviewing its more than $35 billion portfolio of office loans for ways to decrease risk. The lender has been boosting its allowance for credit losses on office loans for the past four quarters, Chief Financial Officer

The rise of e-commerce giants like Amazon and the convenience of online shopping have led to widespread pessimism about the future of traditional retail stores. Seeming to reinforce this bleak outlook are

Commercial real estate mortgage borrowing and lending totaled $816 billion last year, an 8% drop from 2021’s record $891 billion but a 33% increase from 2020’s $614 billion, according to

Seeing a demand in large users wanting to own their land outright, Trammell Crow Co. is approaching its latest East Valley deal a bit differently. Rather than build another speculative industrial park, Trammell Crow will get more than