Commercial Real Estate & Business News – December 22, 2023

Seeing a change in market dynamics and looking to capitalize on a “lifestyle” component to its project, DMB Associates Inc. wants approval for a key amendment at its $1 billion mixed-use development across 120 acres in north Scottsdale. Earlier this month, DMB filed an “amendment to…»

Pinal County will join one of the largest business groups in the state in a bid to enhance its economic development. The Greater Phoenix Economic Council will assist the county with marketing, business exposure and industry prospects, according to an agreement approved Wednesday…»

Real gross domestic product (GDP) increased at an annual rate of 5.2% in the third quarter of 2023, a 0.3 percentage point increase from the preliminary estimate, according to the secondary estimate released by the Bureau of Economic Analysis. The increase in real GDP reflects upward…»

The United States added more than 1.6 million people during the year ended July 1 — the highest annual growth in five years — with the South making the biggest gains while several states in the West also saw significant population boosts. The latest U.S. Census Bureau data…»

Consumer confidence and apartment demand trend together, according to a new report from RealPage. When consumers feel good about the economy, apartment demand makes notable strides. The University of Michigan’s Consumer Sentiment Index is a monthly survey that measures…»