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 […]
Commercial Real Estate & Business News – May 30, 2023
Homebuilders Set to Construct 2,700 homes in West Valley Community Three national homebuilders are working their way through planning and zoning to add 2,700 more homes in Surprise. Last summer, they chipped in to pay $111.7 million for an 836-acre parcel of vacant land at the Asante master-planned community near…» Leasing Momentum and Optimism Abound […]
Commercial Real Estate & Business News – May 26, 2023
Arizona is Home to 2 of the 15 Fastest-Growing Cities in U.S. Large cities have populations of 50,000 or more, based on the May 18 U.S. Census Bureau population estimate release for cities and towns. Population increases in Texas dominated the top 15 fastest-growing large cities in the U.S., with six cities taking spots…» Developer […]
Commercial Real Estate & Business News – May 25, 2023
Fed Uncertain About More Rate Hikes, Minutes Show Federal Reserve officials indicated significant uncertainty over the path forward for monetary policy, minutes from their May 2-3 meeting show. Central bank officials acknowledged a need to keep their options open as they debated whether to keep raising interest…» Retail Industry Remains Optimistic, With Low Vacancies and […]