Commercial Real Estate & Business News – June 13, 2023
Arizona Unemployment Rate Drops to Lowest Level since 1976 The unemployment rate in Arizona has dropped to its lowest level since 1976, data shows.Arizona added 12,500 seasonally-adjusted jobs over the month in April, up from a 600 job increase in March. The state’s seasonally-adjusted unemployment rate ticked…» How Debt Costs Will Affect Industrial Demand This […]
2022 AZ Big Media Top Producer
#Blessed to be recognized by @AZBigMedia as a 2022 Top Producer! Proud to be a part of the @ORIONires family! https://azbigmedia.com/real-estate/here-are-the-top-commercial-real-estate-producers-of-2022/
Commercial Real Estate & Business News – June 12, 2023
Amazon Opens One of its Biggest US Facilities in East Valley Amazon.com’s newest facility in Mesa is one of the largest of its kind in the country. The Seattle-based company opened a new 1.2 million-square-foot storage and distribution center Friday at 8560 E. Elliot Road, just off the Loop 202 in Mesa. Going by the […]
Commercial Real Estate & Business News – June 9, 2023
Retail Jobs in the US Grew in May In May, the US retail trade sector added 11,600 jobs in May, up from the 10,000 added in April, when adjusted for seasonal changes. However, the US Department of Labour Statistics considers this increase as “little changed over the month” due to the modest…» Year-Over-Year Rent Growth […]
Commercial Real Estate & Business News – June 8, 2023
Economic Conditions look like ‘Soft Landing,’ not Recession, says NRF Economist Although economic indicators are giving conflicting signs, the nation does not appear to be in a recession and should be headed toward a soft landing from inflation and high-interest rates. “Today’s economy is a lot like looking into a kaleidoscope, with the…» CRE Midyear […]
Commercial Real Estate & Business News – June 7, 2023
CMBS Loan Defaults Expected to Increase in 2023 Following Two Years of Declines U.S. CMBS loan defaults edged lower in 2022 as post-pandemic stabilization of asset performance and property cash flows continued, according to Fitch Ratings. However, the rating agency also reported that the pace of defaults accelerated in…» Rockefeller Group Buys 16.5 Acres in […]
