Commercial Real Estate & Business News – July 20, 2022
How The West Valley is Building the Workforce Needed to Fuel Growth Arizona, like many other states in the U.S., is facing a labor shortage across many industries. The struggle to meet today’s workforce demand has near term implications such as longer wait times in the service sector, reduced capacity for…» What the Latest Inflation […]
Commercial Real Estate & Business News – July 19, 2022
Arizona is No. 6 Hottest Market for New Residential Construction A new study shows Arizona is the No. 6 hottest market for new residential construction despite home affordability in the U.S. falling to the lowest levels ever recorded after plummeting by 29% over the last year. Given the…» Retail Sales Improved Last Week. Or Did […]
Commercial Real Estate & Business News – July 18, 2022
ABC: We Might Have Reached Peak Inflation Contractors and their customers might have seen the peak in materials prices, according to the Associated Builders and Contractors (ABC) analysis of US Bureau of Labor Statistics’ Producer Price Index data released this week…» Tourists Spent $23.6B in Arizona Last Year — Almost Back to Pre-Pandemic Levels […]
Commercial Real Estate & Business News – July 15, 2022
June’s Average Multifamily Rent Tops $1,700 for First Time It is becoming almost unanimous among apartment rent forecasters that what has been a strong rent growth run across most of the country in the past two years is starting to moderate. To name one example, CoStar just predicted that…» Mekong Plaza Expanding in Mesa’s Asian District […]
Commercial Real Estate & Business News – July 14, 2022
Valley Investment Firm Plans Arizona’s First Cricket Stadium In The West Valley The Phoenix metro could soon be home to the one of the largest cricket stadiums in the country as the sport continues rising in popularity across the U.S.Glendale-based Mangat Group, a real estate investment and development company, plans to…» 391 Acres of Land […]
Commercial Real Estate & Business News – July 13, 2022
26-Story X Phoenix II Breaks Ground in Downtown Phoenix Today, Clayco, a full-service, turnkey real estate, architecture, engineering, design-build and construction firm, celebrated the groundbreaking of X Phoenix II, a new 26-story mixed-use residential high-rise located at 201 W. Van Buren in Phoenix’s downtown core…» CRE Property Prices Down 4.9% From Recent Highs It’s […]