Commercial Real Estate & Business News – January 9, 2023
Scottsdale Developer Rolls out Plans for $3.6B Master-Planned Community Scottsdale-based El Dorado Holdings Inc. has plopped down $82.7 million for 4,150 acres of vacant land at a time when the economy has caused land deals to come to a screeching halt. Plans call for developing a master-planned community that will…» Slowing Rent Growth Pressuring Apartment […]
Commercial Real Estate & Business News – January 6, 2023
Here is Arizona’s Economic Outlook for 2023 Merriam-Webster’s 2022 word of the year was gaslighting — a form of deceit where someone is manipulated into questioning the validity of their own reasoning — but there was a well-known noun burning in the minds of many last year: inflation …» Shrinking Household Formation Growth Hits Apartment Rents […]
Commercial Real Estate & Business News – January 5, 2023
National Real Estate Firm HCW Buys Sixth Hotel in Phoenix Region Real estate development and management company HCW bought its sixth hotel in greater Phoenix, paying about $20 million for a Hyatt Place property in Gilbert. HCW, based in Branson, Missouri, paid $153,346 per room to buy the…» Phoenix Led the Nation in Inflation in […]
Commercial Real Estate & Business News – January 4, 2023
Mortgage Rates Rise Again and One Expert Thinks That’ll Continue What a difference a week makes when it comes to the 30-year fixed rate mortgage, which rose for the first time since mid-November, hitting 6.42% for the week ending Dec. 29. However, homebuyers, sellers, and housing analysts are more interested in…» CRE Predictions For 2023: […]
Commercial Real Estate & Business News – January 3, 2023
Best Arizona Real Estate Opportunities for EB5 Investors Are you looking for the best real estate opportunities in Arizona for EB5 investors? Arizona’s low taxes and high appreciation rates make it an attractive destination for real estate investments. Phoenix, in particular, is an excellent market for EB-5 investors…» Workspace Pays $170M for 1 MSF Suburban […]
Commercial Real Estate & Business News – December 23, 2022
Here’s why Arizona Economy is Forecast to Outperform U.S. Shifting economic winds are buffeting the Arizona economy. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a mountain of open jobs. Retail sales have slowed but remain surprisingly resilient …» Why Fed’s Rate Changes Are Always Measured in Quarters […]