Commercial Real Estate & Business News – June 7, 2023
CMBS Loan Defaults Expected to Increase in 2023 Following Two Years of Declines U.S. CMBS loan defaults edged lower in 2022 as post-pandemic stabilization of asset performance and property cash flows continued, according to Fitch Ratings. However, the rating agency also reported that the pace of defaults accelerated in…» Rockefeller Group Buys 16.5 Acres in […]
Commercial Real Estate & Business News – June 6, 2023
Phoenix Named as One of Five US Workforce Hubs Focused on Manufacturing Jobs The White House has designated Phoenix as a workforce hub to help meet the demand for qualified and diverse talent in semiconductors, renewable energy and electric vehicles. Phoenix was picked as one of five hubs dedicated to building up a workforce, specifically […]
Commercial Real Estate & Business News – June 5, 2023
Phoenix Ranked 4th Best City for New College Graduates, Zillow says Phoenix was ranked as the fourth-best market for new college graduates, according to a recent Zillow study. The Valley of the Sun was able to reserve a top spot due to an abundance of job openings, cementing it as a place of opportunity for […]
Commercial Real Estate & Business News – June 2, 2023
Phoenix to get up to $60M for Giving up Colorado River Water The Phoenix City Council unanimously approved a plan Wednesday to give up a share of its Colorado River allocation in exchange for money. “This agreement with the Bureau of Reclamation gives us a fantastic opportunity to not only reduce our Colorado River water…» […]
Commercial Real Estate & Business News – June 1, 2023
NHL Expansion Fees could Save Arizona Coyotes from Relocation The NHL has long supported the Arizona Coyotes in Arizona, but worries about the team’s long-term future in the state took another big hit when Tempe voters rejected a new arena for the team last week. One writer recently shed some light on a reason why…» […]
Commercial Real Estate & Business News – May 31, 2023
Phoenix is a Top 5 Market for New College Grads, Zillow says We’re trendy. We have lots of good jobs. And our pricey apartments remain less expensive than those in most other major metropolitan areas. That was enough to land Phoenix on Zillow’s new list of top markets for college grads. State of play: Phoenix […]