Four Factors Bolster CRE Investors’ Near-Term Outlook
Investors have begun taking a more bullish approach to commercial real estate, Marcus & Millichap reported. A quartet of macroeconomic factors bodes well for the investment outlook, the company said in a new Research Brief. One is a reset in pricing. With cap rates up by 80 to 130 basis points year-to-date from 2022 levels, investors have often sought out quality assets at below replacement costs. Another is multiple tailwinds across property sectors, including multifamily…»
Rising US office leasing still remains below pre-pandemic pace
Leasing volume in the U.S. office market ticked up in the third quarter, according to preliminary estimates, but remains just shy of its pre-2020 norm. The total square footage leased on new agreements — excluding renewals — is estimated to have reached between 100 million and 110 million square feet, or about 1.2% of inventory. While this marks a modest increase over recent quarters, it still trails the quarterly average of 115 million square feet recorded between…»
University of Arizona, Banner Health partnership creates $60 billion in economic impact since 2015
PHOENIX — The University of Arizona and Banner Health, Arizona’s largest hospital system, celebrated a decade-long partnership on Friday that has provided more than $60 billion in economic impact to the state. The partnership was celebrated during an event on UofA’s downtown Phoenix campus, where the Arizona Board of Regents (ABOR) highlighted the work done to improve medical care for Arizona residents. The celebration was attended by UofA President…»
Wayfair joins cluster of furniture outlets in Chandler
Online furniture retailer Wayfair opened its first Arizona outlet near the Chandler Fashion Center earlier this month, becoming the latest discount furniture store to set up shop in the East Valley. The big picture: Outlets aren’t just for outdated and overstocked goods anymore. Higher-end furniture stores are getting into the game, offering big discounts on returned items with minor scratches or defects. State of play: Wayfair joins Crate & Barrel and Restoration Hardware…»
Swiss company considers Arizona, California for quantum chip center
A Swiss company is evaluating Arizona as a potential location for a new facility to embed quantum-resistant cryptographic keys into semiconductor chips. But after saying last year that the Valley would be the site of its U.S. headquarters, the company has widened its search. SEALSQ Corp. (Nasdaq: LAES) said this week that it’s considering both Arizona and California to locate its newest post-quantum personalization center as part of its U.S. expansion strategy…»