Commercial Real Estate & Business News – May 31, 2023

Phoenix is a Top 5 Market for New College Grads, Zillow says

We’re trendy. We have lots of good jobs. And our pricey apartments remain less expensive than those in most other major metropolitan areas. That was enough to land Phoenix on Zillow’s new list of top markets for college grads. State of play: Phoenix ranked…»

Room to Boom: Pinal County Housing Growing at Fastest Rate in Arizona, Census Shows

WASHINGTON – It’s unclear which came first in Pinal County, the houses or the people filling them. What is clear is that both continue growing at some of the fastest rates in Arizona and, in some instances, the nation.The number of housing units in Pinal County grew by…»

‘Crazy’ Returns to Housing Market Amid Slim Stock

High mortgage rates are discouraging homeowners from selling and fueling a growing lack of homes for sale in the Valley, a leading analyst recently warned. And that likely will fuel a price increase for those houses that are up for sale, according to…»

Semiconductor Industry Flourishes with Record Investments in Manufacturing

The semiconductor industry has experienced an unprecedented surge in investment in manufacturing over the past decade, with an average annual capex growth of 30%, reveals a recent report by JLL. The study highlights a substantial increase in capital…»

Sustainability Street: Impact Investing Hits Home for CRE

Investing for social and environmental change is not a new concept, but there has been a recent boost in demand for investment products centered on equity and inclusion, the affordable housing shortage, and the climate crisis. Allocations to impact investments…»