CommercialEdge just released its November office report analyzing the U.S. office market’s performance through October 2022 and looking at office vacancy rate. In 86 of the 120 areas that CommercialEdge covers, vacancy rates…
The Edison-Eastlake Community, located one mile east from Downtown Phoenix at East Jefferson Street has been granted multiple revitalization initiatives such as community programs and new housing units. The City…
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Eastyn Park, a 279-unit multifamily property in Tucson, Arizona. The $42.5 million sales price equates…
IndiCap and AECOM-Canyon Partners joined JLL and the City of Mesa to break ground on Eastmark Center of Industry, a 113-acre industrial park located in the heart of the Gateway…
The Federal Reserve has dramatically tightened monetary policy since this spring in order to fight the highest inflation rate in 40 years. Along with sharply raising the shortest-term rates on…
The housing market keeps getting tougher for buyers. With the average mortgage rate nearing 7% and home prices still in the stratosphere, homebuyers are losing purchasing power. But more than…
Buyers and sellers are both stepping away as skyrocketing mortgage rates have settled the housing market into a more balanced state, according to the latest Zillow market report. Home values…
While the real estate market enters a new phase from the highs seen earlier this year, Phoenix REALTORS reports that sellers continue to reap 100.4% of their asking price year-to-date…
The Phoenix real estate market was a major pandemic winner, up over 50% from the COVID lows in spring 2020; this price performance ranked third out of 20 major U.S. metros.…
Maricopa County, the state’s largest by population and home to the capital, has long been a destination for those looking to escape frigid winters in search of sunnier climes. An…
CBRE announced the long-term lease of an 58,741-sq.-ft. hangar space to Georgia-based Gulfstream Aerospace Corp. next to the Phoenix-Mesa Gateway Airport in Mesa, Ariz. The facility is located at 6341…
Asking rents across the U.S. finally ended a non-stop growth streak in October, falling 0.1% month-over-month and marking the first monthly decline in two years. The small step down is…
