Commercial Real Estate & Business News – May 15, 2023
Five Star Development Secures $585M loan to Complete The Palmeraie Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $585 million loan to Five Star Development for the completion of The Ritz-Carlton Paradise…» Orlando, Phoenix Hospitality Markets Lead US […]
Commercial Real Estate & Business News – May 12, 2023
Could Southern Arizona Become Battery Manufacturing Capital? Southern Arizona is establishing itself as a battery capital in the United States as battery manufacturing companies continue to select the region to be home to their operations. Through incentives, the City of Tucson is attracting manufactures that will boost economic…» Retail Availability Falls to Record Low in […]
Commercial Real Estate & Business News – May 11, 2023
Foreign Investors Have a Bigger Appetite for U.S. Commercial Property This Year In years past, U.S. commercial real estate property owners could count on healthy inflows of capital from foreign investors eager to tap the country’s market fundamentals. Recently, those investments have dwindled and last year cross-border investment in…» NRF: U.S. Economy ‘Remained in Gear’ During […]
Commercial Real Estate & Business News – May 10, 2023
Arizona County Leads the Nation in Population Growth for Third Straight Year Arizona’s healthy demographic tailwinds remained in full force in 2022, with Maricopa County leading the United States in absolute population growth for the third straight year, according to the latest data from the U.S. Census Bureau. The county, which makes up the majority […]
Commercial Real Estate & Business News – May 9, 2023
CoStar: Multifamily May Outperform Expectations in Q2 It is looking possible that multifamily’s fundamentals in the second quarter will finish stronger than a year ago. It is even possible that the quarter overall may outperform expectations. This is according to CoStar Group, which is basing this premise on April’s rental numbers that are showing every […]
Commercial Real Estate & Business News – May 8, 2023
Bally Sports Parent Company Sues Phoenix Suns Over New TV Broadcast Deal Diamond Sports Group, the parent company of Bally Sports Arizona, has asked a bankruptcy judge in Texas to order the Phoenix Suns and Phoenix Mercury to roll back its new media rights deal. Less than a week after the Suns announced the team […]