Commercial Real Estate & Business News – January 18, 2023
Mortgage Rates Have Peaked Along With Inflation Today’s inflation data has shown that the peak growth rate of inflation is behind us. This should also mean mortgage rates have hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. 27 is…» Transportation, […]
Commercial Real Estate & Business News – January 17, 2023
Here’s Why Metro Phoenix is on The Way to Becoming a Tier 1 Market After the pain of the Great Recession, Arizona resolved to reinvent and diversify its industrial landscape to create a more resilient economy and put itself on the path to becoming a Tier 1 market. No single person or entity can take […]
Commercial Real Estate & Business News – January 13, 2023
Two CRE Signals to Watch This Year With uncertainty and market readjustments being some clear watchwords for 2023, knowing how and where to pivot becomes both necessary and challenging. A recent Hines report noted that investors, owners, and operators can’t completely rely on…» Chicago Developer Buys Land for $1 Billion Luxury Development Near Phoenix A […]
Commercial Real Estate & Business News – January 12, 2023
Bid-Ask Transaction Gap Puts Potential Pressure on Cap Rates During the fall, many sources told GlobeSt.com that the general forecast for commercial real estate was uncertainty and more than the odd person or institution holding onto unrealistic expectations. As Barry Saywitz, president of national brokerage…» Thompson Thrift Plans Luxury Apartment Development in Buckeye Thompson Thrift, […]
Commercial Real Estate & Business News – January 11, 2023
Nevada Developer Begins Phoenix Project as Industrial Construction Keeps Booming in Region A Las Vegas developer that has been active across greater Phoenix in recent months plans an industrial park in the West Valley as construction stays brisk in the region despite a national pullback by industrial developers…» How the Pandemic Pushed a Washington Toymaker […]
Commercial Real Estate & Business News – January 10, 2023
Mall Landlord Macerich Is Finishing Up Nearly $1.4 Billion in Refinancings Retail landlord Macerich has closed on or is in the process of refinancing or securing loan extensions just shy of $1.4 billion for four of its malls and shopping centers. The Santa Monica, California-based real estate investment trust said Monday it had…» Global Firm […]