Commercial Real Estate & Business News – January 13, 2023

With uncertainty and market readjustments being some clear watchwords for 2023, knowing how and where to pivot becomes both necessary and challenging. A recent Hines report noted that investors, owners, and operators can’t completely rely on…»

A Chicago firm known for its lushly landscaped and eco-friendly residential developments expects to break ground this year on a luxury mixed-use project in Scottsdale near Phoenix. Optima paid $44.8 million to buy…»

A new analysis by the Arizona Department of Water Resources says there’s not enough water for development in the far West Valley, which relies heavily on groundwater and is one of the fastest-growing areas in the state. The report found a…»

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the development of The Maddox, a 252-unit, Class A multifamily community in…»

Some good news on the inflation front, but probably not good enough to make the Fed change its direction yet. The Consumer Price Index for All Urban Consumers (CPI-U) — the standard measure that is discussed — actually declined by…»