Commercial Real Estate & Business News – January 25, 2023
Developers Close on Metrocenter Mall in Phoenix With $850M Redevelopment Set to Begin PHOENIX — Developers have closed on the purchase of Metrocenter Mall in Phoenix with $850 million redevelopment plans to begin immediately. Concord Wilshire Capital and TLG Investment Partners, in partnership with…» P&G Buys Site for Phoenix-Area Factory Procter & Gamble Co. has […]
Commercial Real Estate & Business News – January 24, 2023
The Most Popular Grocery Stores in America Are …. A discounter and two convenience-store chains rank among the 10 most popular grocers in America. Aldi ranks as the most popular grocery store, with a popularity score of 65%, according to market research and data analytics firm…» Major Retailers, New Restaurants Coming to Loop 303 Corridor […]
Commercial Real Estate & Business News – January 23, 2023
Phoenix No. 9 Among Top Data Center Markets in the World Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, released its 2023 Global Data Center Market Comparison, the fourth edition of this annual study which identifies and ranks the top data center markets globally and…» Procter & Gamble Closes on 430-Acre […]
Commercial Real Estate & Business News – January 20, 2023
Freddie Mac Exceeds 2022 Affordable Housing Goals Freddie Mac Multifamily’s production volume for 2022 totaled $73.8 billion, with the government-sponsored enterprise (GSE) meeting its affordable housing goals set by the Federal Housing Finance Agency (FHFA). As part of the total, the GSE had…» NRF: Holiday Sales Rise 5%, Just Miss Forecast Retail holiday sales were […]
Commercial Real Estate & Business News – January 19, 2023
Will CRE Construction Hold Steady in 2023? Despite current headwinds, nonresidential construction spending is expected to increase at a moderate rate this year, mostly due to healthy architect and contractor backlogs, according to a new forecast from the American Institute of Architects…» Economic Volatility Continues for Lenders and Borrowers 2022 was a tale of two […]
Commercial Real Estate & Business News – January 18, 2023
Mortgage Rates Have Peaked Along With Inflation Today’s inflation data has shown that the peak growth rate of inflation is behind us. This should also mean mortgage rates have hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. 27 is…» Transportation, […]