Commercial Real Estate & Business News – June 12, 2023
Amazon Opens One of its Biggest US Facilities in East Valley Amazon.com’s newest facility in Mesa is one of the largest of its kind in the country. The Seattle-based company opened a new 1.2 million-square-foot storage and distribution center Friday at 8560 E. Elliot Road, just off the Loop 202 in Mesa. Going by the […]
Commercial Real Estate & Business News – June 9, 2023
Retail Jobs in the US Grew in May In May, the US retail trade sector added 11,600 jobs in May, up from the 10,000 added in April, when adjusted for seasonal changes. However, the US Department of Labour Statistics considers this increase as “little changed over the month” due to the modest…» Year-Over-Year Rent Growth […]
Commercial Real Estate & Business News – June 8, 2023
Economic Conditions look like ‘Soft Landing,’ not Recession, says NRF Economist Although economic indicators are giving conflicting signs, the nation does not appear to be in a recession and should be headed toward a soft landing from inflation and high-interest rates. “Today’s economy is a lot like looking into a kaleidoscope, with the…» CRE Midyear […]
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 […]