Commercial Real Estate & Business News – August 24, 2023
Joint Venture Proposes Apartment Units, Plus Retail and Restaurants in East Mesa More than 60 acres in east Mesa could be home to a new multifamily community and shopping center. Vivo Partners, Hawkins Cos., Greystar Worldwide and Bela Flor Communities are proposing Medina Station at the southeast corner of Signal Butte Road and Southern Avenue in […]
Commercial Real Estate & Business News – August 23, 2023
A Painful Evaluation of the Current State of CRE The CRE industry has been dealt a big blow with eleven interest rate hikes since March 2022 and a federal funds rate that jumped from 0.0% to 5.25%. This rapid interest rate increase has caused expected cap rates to rise to the 6.0%-8.0%+ range from the […]
Commercial Real Estate & Business News – August 22, 2023
Improving Indicators Bode Well For CRE Later This Year Virtually every confidence indicator is on the rise and the threat of an imminent recession is falling while recent data show that inflation is nearing the Federal Reserve’s goals set more than a year ago. The overall inflation number reported last week was not what many […]
Commercial Real Estate & Business News – August 21, 2023
Searching in Seattle: Most New Residents to Phoenix Area Come from These 4 States People who get a lot of rain seem to appreciate a dry climate. Almost half of the 5,300 searchers on Redfin checking out Phoenix area houses during June and July were from Seattle, according to the real estate brokerage. But Washington […]
Commercial Real Estate & Business News – August 18, 2023
CRE Lending Could Get Even Tighter If Fitch Downgrades Banks The U.S. commercial real estate industry’s ability to get credit and, therefore, fortunes have strong ties to the 4,648 insured banks (according to the FDIC) in the country that provide about 38.6% of CRE loans. Anything that negatively affects the stability and credit…» Cannon Beach […]
Commercial Real Estate & Business News – August 17, 2023
Arizona Is Not Running Out of Water or Workers A recent article published in Foreign Policy arguing against corporate investment in Arizona completely misses the mark. Not only does it misstate the facts, but it also dismisses Arizona’s decades of success advancing sustainable growth while ignoring the many climate challenges…» HonorHealth to Build Hospital at […]