Despite Everything, the U.S. is Still Considered a Safe Investment The U.S. media continues putting rising interest rates and ongoing inflationary concerns in its headlines. Yet despite all of this, international institutional investors continue to view U.S. commercial real estate as “a preferred … [Read more...] about Commercial Real Estate & Business News – March 31, 2023

Phoenix Added the Third-Most New Jobs in the Country in January Phoenix started the new year off on a high note, with a net gain of 19,200 nonfarm jobs in January, according to the latest data from the Bureau of Labor Statistics. That figure represents the strongest month-over-month increase … [Read more...] about Commercial Real Estate & Business News – March 30, 2023

High-Profile Phoenix Luxury Hotel Sells for Hefty $110 Million The Camby Hotel, located on the corner of 24th Street and Camelback Road in Phoenix, traded hands earlier this month and was one of the highest-priced hotel transactions in the past year. The property, which was known … [Read more...] about Commercial Real Estate & Business News – March 29, 2023

How Mortgage Rate Drop Will Impact Phoenix Housing Market The latest mortgage rate drop has enticed some previously reserved homebuyers back to the housing market. The Fed’s recent interest rate hike is also helping buyers’ long-term mortgage interest rates, with the ten-year treasury, … [Read more...] about Commercial Real Estate & Business News – March 28, 2023

Global Investors Report Increased Allocations to U.S. Real Estate in 2023 The U.S. remains a preferred global destination for commercial real estate investment with allocations up 6% from 2022, compared to a 5% decline in European investment, according to AFIRE’s International Investor Survey: Q1 … [Read more...] about Commercial Real Estate & Business News – March 27, 2023

Analysis: The Fed’s Slowdown Provides Breathing Room to a Market That Needs It The Federal Reserve’s 25-basis-point increase in the federal funds rate on Wednesday was widely expected; now the question is where the Fed—and the market—goes from here. Among commercial real estate economists and … [Read more...] about Commercial Real Estate & Business News – March 24, 2023