Commercial Real Estate & Business News – August 12, 2022
The U.S. Economy Has Officially Regained All Jobs Lost During the Pandemic When the COVID-19 outbreak erupted on U.S. soil in the early part of 2020, the economy was quick to shed jobs. Not only did the national unemployment rate reach a record high in April of 2020, but the situation became so dire that […]
Commercial Real Estate & Business News – August 11, 2022
Apartment Rent Increases Decelerate, Analysis Shows Average apartment rent increased by $10 last month, their lowest rate since January, according to the latest Yardi® Matrix Multifamily Report. The average rent in the U.S. was a record $1,717 in July.Year-over-year growth decelerated by…» CRE Investment Volume Climbed 10% in Q2 U.S. commercial real estate investment […]
Commercial Real Estate & Business News – August 10, 2022
Developer Proposes Mixed-Use Project for Litchfield Park’s new Civic Center A project with new retail, restaurants and offices is being proposed as the first of several commercial developments planned for Litchfield Park’s new city center in the West Valley. The new project will be called Heritage Place at Litchfield Square and will total…» Federal Regulators […]
Commercial Real Estate & Business News – August 9, 2022
Phoenix High-Rise Trades for $94 Million as Investors Renew Interest in Downtown Apartments A Colorado multifamily investment firm paid $93.5 million to buy the tallest apartment tower in downtown Phoenix, a once-sleepy district that has come back into vogue for renters over the last decade. Grand Peaks Properties, based in…» Mesa Mobile Home Community Sells […]
Uncertainty – The Only Certainty
When canvassing the commercial real estate market in Phoenix, there are so many positive indicators that it is hard to imagine a slowdown. Every time you read the news or look at the business journal, there is a new company calling Arizona home and specifically here in the Valley. GPEC and ACA are doing a […]
Commercial Real Estate & Business News – August 8, 2022
Phoenix Eyes Future Intersection for Commercial Development, Revitalization of Rio Salado The city of Phoenix is eyeing a future freeway interchange for commercial development near the Loop 202 as part of its efforts to help revitalize dozens of miles along the Salt and Gila rivers. The 85-acre property is located near the southeast corner of…» […]