Commercial Real Estate & Business News – August 16, 2023
Institutional Investors Are Primed to Buy Apartments in H2 Institutional investors have remained on the sidelines for most asset classes this year, including their erstwhile darling multifamily. But a new analysis by Institutional Property Advisors suggests they will return in force in the second half of 2023. That will largely be due…» Tesla EV Sales, […]
Commercial Real Estate & Business News – August 15, 2023
America’s New Boom Towns: Can Phoenix Handle the Surge? Welcome to America’s new boom towns — cities across the U.S. and Texas that are estimated to experience unparalleled growth by the year 2100. From the Phoenix metro area to the Texas cities, these cities have seen influxes of people looking to call these boom towns […]
Commercial Real Estate & Business News – August 14, 2023
Investment Sales Expected to Improve in H1 2024 Despite better-than-expected economic growth in the first half of the year, concerns over the U.S. economic outlook dampened investor sentiment, according to a new report from CBRE. The firm said uncertainty about where interest rates were going and tightening lending standards by…» Arizona Economic Development Breaks Records: […]
Commercial Real Estate & Business News – August 11, 2023
Axon Files Plans for Huge Corporate HQ Site, and more, in North Scottsdale Nearly three years after a major purchase of north Scottsdale land, Axon Enterprise Inc. submitted a proposal that outlined its vision to turn that vacant land into its new corporate headquarters — and much more. The Scottsdale-based law enforcement technology company filed…» […]
Commercial Real Estate & Business News – August 10, 2023
Labor Market Stays on the Right Path The path toward moderation is becoming clearer as firms become more cautious in hiring. The latest jobs report demonstrated that firms added 187,000 positions in July. After June and May job gains were revised lower by 24,000 positions and 25,000 positions,…» Apartments Planned for Surface Parking Lot at […]
Commercial Real Estate & Business News – August 9, 2023
Redevelopment Plans Submitted for Historic Turf Paradise Race Track in Phoenix New plans have been submitted for a proposed industrial center at the historic Turf Paradise horse racetrack in north Phoenix. California-based CT Realty, which plans to acquire and develop the 213-acre property, submitted a conceptual site plan to the city…» Buckeye Master-planned Community Could […]