DAILY TOP 5

Entertainment-related foot traffic at U.S. commercial centers continues to rebound from levels seen in the early days of the pandemic, though movie theater attendance remains down 34% from pre-pandemic levels. A new report

Cap rates in Q1 2023 represented the highest levels since Q3 2020 for both the single-tenant retail and office sectors, according to a new report from The Boulder Group. Decreasing transaction volume for the greater real estate market continues to

JLL CEO Christian Ulbrich sees that sentiment – and investors’ heads – are turning for the better when it comes to the US office market, he said last week, appearing on CNBC’s “Squawk on the Street.”

Arizona has attracted more than $58 billion in private investments for manufacturing since 2021, one of the highest levels in the country, according to the White House, which calls it proof that the president’s economic agenda is working

With interest rates still rising, prices retreating and credit evaporating—and a stressed-out banking system moving to shore up balance sheets—expect more fire sales of older CMBS loans and an acceleration of plunging CRE values in markets

Just months after Gilbert residents repeatedly halted Town Council discussion in opposition of The Ranch, a developer in the project expects that a modified proposal for the project will be one the neighbors get behind. Pew & Lake PLC, on behalf of

Off-price home decor retailer Tuesday Morning planned to give back hundreds of store keys to landlords, offloading more than half of its stores, as it works through Chapter 11 bankruptcy in hopes of finding a profitable path forward

While life has largely returned to normal following the global pandemic, COVID has had a lasting impact on the way we work and live. We started our company, Minimal Living Concepts, in 2021 to address the need for private spaces for

PHOENIX — For the second consecutive year, more people have been moving to Maricopa County than any other county in the nation, according to data released released Thursday by the U.S. Census Bureau. Maricopa County’s population grew

Tampa, Florida-based Cedar Grove Group is planning to transform an office building into new apartments a couple miles east of the former Metrocenter mall in Phoenix. The three-story office building is located at

Even with slightly increasing vacancy rates brought on by record levels of new supply, demand for industrial space remains strong. Developers continue to feed the pipeline, with 691 million square feet under construction across the country as of January

Call it success, squared. One of the first buildings at St. Louis-based CRG’s inaugural Phoenix project, a massive industrial park called The Cubes at Glendale, not only leased up quickly but sold almost as fast. Over the course of 2022

Homebuilding in metro Phoenix slowed drastically in mid-2022 and buyers ran for cover after rising mortgage interest rates caused potential homebuyers to hit the pause button. Tina Tamboer, senior housing analyst for The Cromford Report

The U.S. media continues putting rising interest rates and ongoing inflationary concerns in its headlines. Yet despite all of this, international institutional investors continue to view U.S. commercial real estate as “a preferred destination, relative to

A 25-story apartment tower is proposed for the northeast corner of Mill Avenue and University Drive in Tempe. Included in the proposed project are 453 apartment units and 3,800 square feet of commercial space on the ground floor, according to

Cities rise and fall based on the decisions they make regarding the best use of their resources — whether that’s the local talent pool, housing stock or business environment. And, contributing to all of these is

Portillo’s, the Chicago-based fast-casual chain, has opened its fifth Valley location on the southeast corner of Williams Field and Santan Village Parkway in Gilbert. The grand opening officially is Friday, but

A luxury home in Paradise Valley recently sold for $8.8 million while a 3-acre vacant lot closed at $6 million — both cash deals. These big cash transactions indicate the luxury market is heating back up again, Valley real estate sector observers say.

Phoenix started the new year off on a high note, with a net gain of 19,200 nonfarm jobs in January, according to the latest data from the Bureau of Labor Statistics. That figure represents the strongest month-over-month increase in

Retail growth is expected to moderate in the months ahead, but it will remain positive even as sales start to stabilize from pandemic-era highs. Retail sales in the United States are expected to grow at a slower pace this year than last, according to

In 2022, millennials became the largest generation in the U.S. to transition from renter-majority to owner-majority, according to new data from RentCafe. With 52% of millennials owning a home, the generation reached

Living, lifting and more are coming to the site of the former Paradise Valley Mall. Luxury fitness club operator Life Time (NYSE: LTH) will expand to Paradise Valley Mall not only with a club but also with Life Time Living

For years, much of the nearly 300 acres at Arizona State University’s West Campus in Glendale has sat vacant as the public university continued to invest millions of dollars in its other three campuses across metro Phoenix. But now

The Camby Hotel, located on the corner of 24th Street and Camelback Road in Phoenix, traded hands earlier this month and was one of the highest-priced hotel transactions in the past year. The property, which was known as