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 […]
Commercial Real Estate & Business News – September 19, 2022
Phoenix’s Successful Retail Sector Stretches from Power Corridors to Main Streets For decades, Arizona’s housing and commercial real estate industry have benefitted and fed the state’s robust gains as population grew. Even during the pandemic, Phoenix welcomed more than 140,000 new residents fleeing more expensive, crowded…» Foreign Investors Bulk Up on US Properties as Inflation […]
Commercial Real Estate & Business News – September 14, 2022
Phoenix Leads Data Center Markets in New Demand Phoenix is the hottest data center market in the US, measured in megawatts of net absorption, as overall US market absorption surges past the total demand in 2021, according to the latest Data Center Outlook report from JLL. US market demand reached…» Glendale Rezones High-Profile 188 Acres […]
Commercial Real Estate & Business News – September 13, 2022
San Francisco Investment Firm Acquires First Arizona Property with Purchase in Scottsdale Airpark San Francisco-based commercial real estate investment firm Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has acquired Cimmaron Industrial Park in the Scottsdale Airport Industrial submarket of the Phoenix metro area. The deal closed on…» Downtown Apartment Tower to Incorporate a […]