Commercial Real Estate & Business News – June 13, 2023

The unemployment rate in Arizona has dropped to its lowest level since 1976, data shows.Arizona added 12,500 seasonally-adjusted jobs over the month in April, up from a 600 job increase in March. The state’s seasonally-adjusted unemployment rate ticked…»

Although supply-and-demand dynamics in the industrial real estate sector can perhaps be broadly foreseen over the rest of this year, “higher debt costs and tighter credit conditions are causing companies with maturing corporate loans to reevaluate capital spending…»

The company behind an advanced battery factory slated for Buckeye has received a conditional commitment for a federal loan of $850 million to build the facility. The U.S. Department of Energy loan would finance KORE Power’s construction of a 1.33 million-square-foot facility to…»

The solar energy sector continues to gain strength in Arizona, with robust growth anticipated in the coming years, according to a new industry report. That outlook comes along with good news for the sector nationwide, according to the US Solar Market Insight Q2 2023 report…»

NEW YORK — Even though hotel transaction volume is low and a possible recession looms, industry performance indicates that U.S. hoteliers are right to feel optimistic about the future. With the NYU International Hospitality Industry Investment Conference as a backdrop, Hotel News Now…»