Commercial Real Estate & Business News – July 27, 2023

The numbers: A survey of U.S. consumer confidence climbed to a two-year high of 117.0 in July, a sign that Americans are growing more optimistic about the economy. The closely followed index rose 6.9 points from a revised WAS 110.1 in June, the Conference Board said Tuesday. Consumer…»

The bipartisan Economic Innovation Group (EIG) looked at two research papers that examined Opportunity Zones (OZs). Although not perfect — no policy is — the “sharp departure from previous attempts” shows a path that future government actions in the area might model…»

Developers of ZenCity, a new 90-unit stackable modular apartment project in downtown Mesa, hope its housing model will help address shortages that face the state. Arizona is home to some of the fastest-growing communities in the country and Maricopa County is the fastest-growing…»

Three years after starting the marketing process for a massive mixed-use project in midtown Phoenix and a lengthy reevaluation during the Covid-19 pandemic, Pivotal Group is set to bring “The Central Park” back in front of city officials. Pivotal Group Inc., a high-profile Phoenix real estate…»

​Finding temporary housing in Phoenix often is challenging and expensive, so one group with needs for short-term shelter is taking an “entrepreneurial” approach. Phoenix Theatre Company bought a 36-unit apartment complex in central Phoenix to house visiting artists and generate funds as…»