Commercial Real Estate & Business News – April 27, 2023

Trammell Crow Company (TCC), a global real estate developer, and CBRE Investment Management, on behalf of a separate account client, have acquired a 192-acre development site in Mesa, Arizona. The master site will be divided into ‘shovel-ready’ lots that will range from 12 acres, up to…»

No one is quite sure what will happen when the wave of CRE loan maturities start to come due this year and into the next few. Aaron Jodka, Colliers’ research director of U.S. Capital Markets, has his theories though. He believes that banks and other lenders may be willing to renew…»

A Phoenix mortgage banking firm found its year-over-year commercial real estate loan production was down about 50% in the Phoenix metro during the first quarter of 2022 across all assets, but its local team thinks a rebound could be around the corner. Adam Parker, a principal at…»

The city of Phoenix is looking to turn remaining vacant farmland along a major freeway corridor into a new industrial and technology-focused center. Phoenix wants to help developers bring new industrial buildings to the Loop 202 in the Laveen area in the south part of the…»

The swift rise in mortgages rates over the last year reduced the affordability of single-family houses more rapidly and more severely than what buyers experienced after the Great Financial Crisis. Mortgage rates have moved within a narrow range since the beginning of year for reasons not…»