Commercial Real Estate & Business News – January 17, 2023

After the pain of the Great Recession, Arizona resolved to reinvent and diversify its industrial landscape to create a more resilient economy and put itself on the path to becoming a Tier 1 market. No single person or entity can take sole credit for…»

The highly anticipated opening of the Caesars Republic Scottsdale hotel is nearly a year away. Branson, Missouri-based HCW Development LLC hosted a topping out party on Thursday, showing off the 11-story 265-room hotel to the community and…»

Demand is not slowing in the retail sector despite inflating rents and occupancy costs, according to Margaret Caldwell, managing director and senior vice president at Northmarq. “It has been amazing to see occupancy rates continue to increase,”…»

The affordable housing crisis will be at the top of the multifamily industry’s policy challenges again this year. Sponsors, public agencies and residents alike are caught in the squeeze of supply shortages and unremitting demand. According to data from…»

Arizona needs more housing — fast. To build it, state and local governments must loosen their zoning laws, generate more political will and expand government funding, developers say. A newly released report from…»