DAILY TOP 5

Now two months into 2025, Phoenix’s housing experts have developed a feel for how the market is shaking out. But one thing is clear: every sector of the residential real estate market is built differently. After numerous conversations in recent weeks, we’ve broken down all the trends to see

Kansas-based QTS Data Centers has partnered with Arizona community colleges to address ongoing workforce challenges in the industry. As it expands it footprint in Phoenix, the tech giant is collaborating with other data center operators and Maricopa Community Colleges to train a new

Confidence among real estate brokerage leaders is at a record high. More than 100 brokerage executives polled during Delta Media Group’s third-annual real estate leadership survey expressed optimism about their economic, housing and business outlooks for 2025. This

Goodman Real Estate has acquired the luxury Mediterranean-styled Town Deer Valley Apartments in Phoenix. The developer, Related Group, and its partner, Boston-based Rockpoint, sold the 388-unit complex for $131.1 million, or $337,887 per unit. Multifamily

CBRE’s H2 2024 Cap Rate Survey paints a picture of a commercial real estate market that is gradually finding its footing after a period of significant disruption. While challenges persist, particularly in the office sector, the overall trend is towards stabilization and the improved

Home Depot Inc. (NYSE: HD) is preparing to unveil its newest Arizona store this spring. The home improvement retailer plans to open a 109,651-square-foot warehouse with an attached garden center in April in the city of Surprise. Its new store is being constructed along the Loop

The owners of the Valley’s Dominick’s Steakhouse, Steak 44 and Ocean 44 have acquired one of the longest-running restaurants in the state. Durant’s, which has been a staple of the Valley’s fine dining scene since it opened its doors in 1950, has been operated by the same

LBA Logistics has purchased a 220,240-square-foot, fully occupied Class A industrial facility in Glendale, Ariz. The property changed hands for $39 million, according to CommercialEdge. Echo Real Estate Capital Inc., in joint venture with Grandview Partners, was the seller

Arizona continues to be a hot spot for industrial development following the latest announcement from technology giant Apple that it will invest $500 billion in nine states over the next four years. The popular cellphone maker announced Arizona would be one of those states but did not specify the amount of money headed to the southwest. The announcement marked Apple’s continued commitment to its presence in Arizona. In 2015, Apple announced it would open operations of a 1.3 million-square-foot data center on the corner of Signal Butte and Elliot roads in southeast Mesa.  

The Trump administration’s recent directive to the General Services Administration (GSA) to significantly reduce federal office leases has sent ripples through the commercial real estate market. This cost-cutting measure, aimed at trimming as many as 300 leases per day, represents a potential shift in billions of dollars of office market value.

For the Q4 2024 industrial markets ranking report, CommercialCafe looked at key performance indicators across 30 major industrial markets in the U.S., tracking them each quarter. Markets are ranked based on several metric categories: vacancy, pipeline, average rent, upcoming loan maturities, and quarterly shifts in online searches for industrial space. Happily for Arizona, Phoenix ranked first among industrial markets in the fourth quarter of 2024.

The city of Glendale plans to lease about 20 acres to the VAI Resort to support parking and traffic in the area as the project prepares to open its doors later this year. Glendale City Council approved a ground lease agreement at its Feb. 25 meeting with the developer of the resort — the owners of construction firm Fisher Sand and Gravel — for a term of 25 years, with two additional 10-year terms. The developer plans to construct a mixed-use building, drive aisles and more on the city property next to its under-construction parking garage at the southwest corner of Cardinals Way and 91st Avenue.

The American consumer has proven surprisingly resilient over the past few years, creating a kind of firewall against other pressures on the economy. And while household balance sheets remain strong by historical comparison, a few signs of stress are beginning to emerge. Retail sales in January fell by the largest margin in nearly two years, and consumer sentiment in February dropped to its lowest level since November 2023. While worries over tariffs and inflation expectations drove much of the sagging sentiment, rising delinquencies on consumer debt show that at least some segments of the population are becoming increasingly strained.

A recent survey by FTI Consulting found that 70% of U.S. workers who are currently remote or working in a hybrid arrangement would be likely to look for a new job if their employer required them to return to the office full-time. This comes as many companies are considering or have already

In the wake of two bankruptcy filings, crafts and sewing chain Joann now plans to liquidate and close all its 800 stores, becoming the latest U.S. retailer to go out of business. Hudson, Ohio-based Joann, in operation for 82 years, is being sold to GA Group and its lenders as part of a Chapter 11 auction

Some of the staggering $500 billion that Apple pledged Monday to invest in the U.S. will go to the massive Taiwan Semiconductor Manufacturing Company (TSMC) factory in Phoenix. Mass production of Apple chips began there last month, Apple said. President Donald Trump expressed doubts last

Washington-based Recreational Equipment Inc. has sold off its West Valley warehouse in Goodyear to an investment firm in a major sale-leaseback deal. New York-based Madison Capital paid $230 million to acquire four of REI Co-op’s distribution centers in different states: Arizona, Tennessee

A Canadian startup plans to establish its U.S. headquarters in the Valley after landing a major government contract to develop a wearable technology system for the first space station to orbit the moon. Montreal-based Carré Technologies Inc., which operates under the brand name Hexoskin, is

Apple today announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years, including billions in additional investments in Arizona. This new pledge builds on Apple’s long history of investing in American innovation and advanced high

Arizona Land Consulting has been making more plays around the Buckeye Municipal Airport following its major sale of 2,100 acres to data center developer Tract. The Phoenix real estate firm recently scooped up more than 150 acres abutting Tract’s sprawling property in the West Valley for $21.7 million

As they celebrate another quarter of surging deals, executives with the largest commercial real estate brokerages are sounding notes of caution amid what they say is growing uncertainty over the potential effects of the Trump administration’s economic policies. While optimistic that deal activity will further

Tempe will increase the construction of multifamily homes mandated under the “Middle Housing Bill,” a state-mandated bill that expands the construction of smaller housing units to increase housing options. All single-family zoned homes within one mile of the Central Business Development will be able to

Concern about the effect of commercial real estate loans on U.S. commercial banks has been ongoing for years. However, growing evidence has been that conditions might not be as bad as many thought. A new report from S&P Global Ratings said that the chance of CRE loan problems creating significant

Investors may hit the pause button as the United States enters a new period of uncertainty driven by news of tariffs, deportations and government cost-cutting. This pause could last for weeks, months or even years as investors wait for clarity, said John Chang, national director of research