Commercial Real Estate & Business News – March 30, 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 in…» NRF Forecasts Retail Sales to […]
Commercial Real Estate & Business News – March 29, 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 as…» First Complex to Use Affordable Housing Tax Credit […]
Commercial Real Estate & Business News – March 28, 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, which…» Big Step to Remove Mesa Eyesore, ‘Bad Juju’ A plan by […]
Commercial Real Estate & Business News – March 27, 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 2023 Pulse Report…» What Are the Real Risks in Today’s Banking […]
Commercial Real Estate & Business News – March 24, 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 finance experts, the…» CRE Sizes Up Fed’s Latest Rate Hike […]
Commercial Real Estate & Business News – March 23, 2023
Fed Raises Rates by Quarter Point, Hints at End to Increases Soon The Federal Reserve Board on Wednesday said its Federal Open Market Committee (FOMC) will raise the target range for the federal funds rate to a range of 4.75% to 5%. The increase marks the Fed’s second consecutive rate hike of…» How East Valley […]