Commercial Real Estate & Business News – September 22, 2023
Phoenix, SLC & Vegas Lead the Western US in Industrial GrowthPhoenix, Las Vegas and Salt Lake City all recorded double-digit annual rent increases in the 12-month period ending in the second quarter, making them some of the strongest-performing industrial markets in the United States. These three markets have similar drivers that are supporting…» Multifamily Is […]
Commercial Real Estate & Business News – September 21, 2023
The Fed Maintains Its Wait-and-See Stance The Federal Reserve’s policy-setting committee on Wednesday voted to leave its policy rate unchanged, suggesting that the economy is moving in the right direction and inflation impulses are easing. The decision leaves the overnight lending target rate for banks at between 5.25% and 5.5%…» Partners Move Forward on Long-Planned […]
Commercial Real Estate & Business News – September 20, 2023
Here’s How Arizona Bioscience Construction Boom Impacts Region In recent years, Arizona has seen rapid growth in its population, its bioscience sector, and its healthcare infrastructure. The momentum is continuing to build — especially when it comes to Arizona bioscience construction and building. Like the sciences they support — these structures are the result of studies…» […]
Commercial Real Estate & Business News – September 19, 2023
Second Quarter CRE Activity Down 50% Year Over Year A new Green Street report by Managing Director and Co-Head of Strategic Research, Daniel Ismail and Harsh Hemnan, analyst on the net lease and ground lease sector teams, looks at the Q2 CRE transaction results for 2023. The results are probably not surprising given all the […]
Commercial Real Estate & Business News – September 18, 2023
Tempe Enters Talks to Revamp Danelle Plaza Tempe has entered formal negotiations with developers to revamp Danelle Plaza, a move that marks the furthest the city has gotten in its years-long effort to renovate the historic yet deteriorating 14-acre site. The Plaza sits at the corner of South Mill Avenue and West Southern Road. It […]
Commercial Real Estate & Business News – September 12, 2023
Multifamily Rents Poised For Robust Increases Further Ahead For the past three years the multifamily sector has experienced a construction boom not seen since the 1970s, which has helped lead to the current moderation of rents. However that may be about to change. According to a new report by Greg Willett of Institutional Property Advisors, rents […]