Commercial Real Estate & Business News – July 28, 2022
Federal Reserve Stands Firm With Another No-Nonsense Rate Hike To Tame Inflation The Federal Reserve’s policy-setting committee decided unanimously to boost its target interest rate by 75 basis points, or three-quarters of a percentage point, the second time in as many meetings it has raised rates of that magnitude, marking an…» IndiCap Brings 1.5M SF […]
Commercial Real Estate & Business News – July 27, 2022
21-Story Mixed-Use Tower Proposed for Tempe A Dallas-based developer has proposed a 21-story mixed-use tower near Tempe Town Lake.Lincoln Property Co., through its Denver office, is developer of the proposed project, dubbed Lincoln South Bank. Phoenix law firm Snell & Wilmer submitted…» Old Town Scottsdale Land Sells for $323.77 Per Square Foot Nick Miner, […]
Commercial Real Estate & Business News – July 26, 2022
California Firm Breaks Ground on Dual-Branded Marriott Hotel Project Near Phoenix A California developer started construction of a dual-flagged Marriott International property in the Phoenix suburb of Tempe. EKN Development expects to finish the 148-room Fairfield Inn and TownePlace Suites at Tempe Market Station at…» Blackstone: Slowdown of New Construction to Keep Lifting Rents […]
Commercial Real Estate & Business News – July 25, 2022
Massive Logistics Park in Small Valley City Could Offer Incentives for Companies El Mirage is looking to expand opportunities and attract more businesses to a massive logistics park in the West Valley known as LogistiCenter at Copperwing, which is being developed by Nevada-based Dermody Properties. In July, the city gave its support to…» Abrupt Household […]
Commercial Real Estate & Business News – July 22, 2022
Former Phoenix Public Market Café Razed. Here’s What We Know About Plans for The Downtown Site Downtown Phoenix activists sought to stop the demolition of the former Phoenix Public Market Café, but a developer razed the 76-year-old building this spring, shortly before selling it to another developer to build a 350-unit luxury apartment complex…» One […]
Commercial Real Estate & Business News – July 21, 2022
A Dose of Reality in the Warehouse Space Industrial, and especially logistics and warehouses, was one of the big winners of the pandemic. It’s still going strong, but expect some changes soon, according to executives at Prologis in its quarterly earnings call. The company saw…» Salad and Go Wants to Open More Than 100 New […]