Commercial Real Estate & Business News – September 27, 2022
Phoenix Ranks As No. 6 Most Desirable City in America Although Americans seem to love Phoenix, they either love or hate the Grand Canyon State. Arizona was voted the seventh-most desirable state AND the ninth-least desirable state, according to research from Home Bay. But people love Phoenix. Home Bay surveyed 1,000 Americans across the U.S. […]
Commercial Real Estate & Business News – September 26, 2022
Investors Are Still Flocking To Single-Tenant Net Lease Investors flocked to the single-tenant net lease space en masse in the third quarter, with the sector registering record deal flow despite mounting economic headwinds.Sales activity for net-leased retail rose between 24% to 27% across…» Multifamily Rent Growth Went Over the Top And Now Is Sliding Down […]
Commercial Real Estate & Business News – September 23, 2022
JW Marriott Phoenix Desert Ridge Resort & Spa Unveils $80M Renovation JW Marriott Phoenix Desert Ridge Resort & Spa announced an $80 million transformation as it celebrates its 20th anniversary this year. Showcasing a fresh, modern design inspired by the surrounding destination, the expansive property, set across 316 acres of sweeping…» Virginia Real Estate Firm […]
Commercial Real Estate & Business News – September 22, 2022
Fed Hikes Rates Again, Raising Risk of Recession To Bring Inflation Under Control For the third time in as many meetings, the Federal Reserve’s policy-setting committee raised its target lending rate by three-quarters of a percentage point, the latest step in its aggressive campaign to battle decades-high inflation. The unanimous decision on…» Mixed-Use Development Across […]
Commercial Real Estate & Business News – September 21, 2022
Portico North Scottsdale is 60% Reserved Before Groundbreaking Belgravia Group, Chicago’s award-winning real estate developer with more than 70 years of luxury developments constructed under its brand, announced that its first-ever Phoenix metro community development, Portico, located in North Scottsdale, is more than…» Residence Inn Phoenix Desert View at Mayo Clinic sells for $50.5M […]
Commercial Real Estate & Business News – September 20, 2022
Renting Sun Belt Apartments Still a Bargain Compared to Coasts The rhythm of migration out of coastal areas with high housing costs into less expensive Sun Belt cities accelerated during the pandemic. Skyrocketing demand for apartments in markets such as Austin, Texas; Phoenix, Arizona; and Tampa, Florida, pushed rent…» Phoenix’s Median Rent Grew by Nearly […]