Commercial Real Estate & Business News – December 22, 2022

Big Tech Wants to Crack Down on Remote Employees

It wasn’t long ago — February 2021, in fact — that Brent Hyder, president and chief people officer at Salesforce declared, “An immersive workspace is no longer limited to a desk in our Towers; the 9-to-5 workday is dead; and the employee experience is…»

Liv+ Union Peak 55+ Community Breaks Ground in N. Phoenix

Liv Communities, a seasoned provider of luxury apartment homes, recently broke ground on a ground-breaking 55+ age- qualified rental community in the Norterra area in North Phoenix. The upscale community, Liv+ Union Peak, 25400 N. 21st Ave., Phoenix, will…»

‘Cash grab’? Wealthy Investors Will Reap Billions if Kroger Takes Over Albertsons. Workers and Shoppers may Be Less Happy

In 2020, Safeway, the nation’s second-largest grocery chain, won an unwelcome distinction — it ranked first among companies in Washington state for the number of employees participating in the federal food assistance program known as…»

Council OKs 396-Unit Complex Over Objections

Opposition to high-density residential projects is common in Mesa, but usually the protests come from neighboring residents – not city staff. At the Dec. 8 City Council hearing for the proposed 396-unit Millenium Springs apartment complex at…»

Sun Belt Apartment Rents Continue to Cool

Rents are cooling, but nowhere more greatly than in the Sunbelt markets, according to today’s Realtor.com’s November Rental Report, along with other analysts.

“Rent increases have far exceeded normal growth patterns for nearly two years…»