Commercial Real Estate & Business News – February 27, 2023
Arizona 2022-2024 Projected Employment Report Total Employment Projected to Grow 1.4% Annually, Led by Manufacturing FIND THE COMPLETE ARTICLE HERE…» How Arizona Is Positioning Itself for $52 Billion to the Chips Industry WASHINGTON — In recent weeks, Gina Raimondo, the commerce secretary, has talked with Sen. Mark Kelly of Arizona, spent time with the president […]
Commercial Real Estate & Business News – February 24, 2023
Phoenix Home Prices Holding Steady After Months of Decline The average home price in the Phoenix metro remained flat between December and January after about six months of declines, according to Redfin data. Why it matters: Any relief from the sky-high home prices we saw a year ago is welcome, especially…» Target to Invest $100 […]
Commercial Real Estate & Business News – February 22, 2023
Creation Equity Plans $60 Million Industrial Project in Scottsdale Fresh off acquiring the ground lease to 18 acres of Scottsdale Airpark land, Creation Equity is ready to build what it thinks will be a coveted industrial center. The Phoenix developer is planning an industrial project called…» Phoenix Suburb Lands Major EV Battery Plant Ecobat, reportedly […]
Commercial Real Estate & Business News – February 21, 2023
Commercial Real Estate Executives Are Optimistic About Future Market Conditions The Real Estate Roundtable’s Q1 Economic Sentiment Index reports that commercial real estate executives, while optimistic about the future, remain uncertain about current market conditions, citing inflation, rising interest rates, and…» Hotel Sales Get 2023 Off to a Strong Start with Pricing Records Following a […]
Commercial Real Estate & Business News – February 17, 2023
Semiconductor Supplier Picks Peoria for Manufacturing Plant HyRel Technologies, a semiconductor modification and contract manufacturing company, announced Wednesday it began operations at its Peoria plant that spurred creation of 50 new jobs. HyRel is leveraging its…» Investors Are Fleeing the Home-Buying Market The high cost of borrowing continues to affect the single-family home purchase market […]
Commercial Real Estate & Business News – February 16, 2023
Core Retail Sales Rise in January in Every Category Retail sales rebounded in January amid a pick-up in post-holiday spending. Retail sales in January were up 1.5% from December and increased 4.8% year-over-year, according to the National Retail Federation, whose calculation excludes…» Amazon CEO Still Wants to ‘Go Big’ on Retail Grocery: Report Amazon Fresh […]