Commercial Real Estate & Business News – May 10, 2022
Arizona Economic Developers Optimistic About Growth Opportunities The Arizona Association for Economic Development announced the results of its State of Arizona Economic Development survey at its recent spring conference. AAED surveyed its membership of more than…» Real Estate Company Acquires 140 Acres Near Luke Air Force Base PHOENIX — A real estate company completed the purchase […]
Commercial Real Estate & Business News – May 9, 2022
‘ENDLESS DEMAND’ Demand for luxury homes skyrocketed during the Covid-19 pandemic, leaving few empty lots for homebuilders who want to capitalize on the hot market in the Valley’s wealthiest ZIP code. That ZIP code — 85253 — primarily makes up…» CRE Can Withstand A Higher Rate Environment. Here’s Why Fed Chairman Jerome Powell has apparently […]
Commercial Real Estate & Business News – May 6, 2022
Apartment Rents Continued to Rise in April Rent growth is continuing to pick up steam again, after a brief winter cool down. Apartment List’s national index showed rents were up by 0.9 percent in April. During the first four months of 2022, rents have increased by a total of just…» Phoenix Slated for More Population […]
Commercial Real Estate & Business News – May 5, 2022
Amazon Says it Has Too Much Warehouse Space. What’s That Mean for the Broader Industrial Market? Amazon.com Inc., the undisputed king of the U.S. industrial market since well before the Covid-19 pandemic, may finally have reached max capacity on warehouse and fulfillment space Executives at the Seattle-based e-commerce giant in its…» Lincoln Property Co. Buys […]
Commercial Real Estate & Business News – May 4, 2022
Inflation Means Different Things to Developers, Investors, Tenants Not that we needed it, but last week we received another indicator that inflation was on the rise when the Bureau of Economic Analysis reported that the personal consumption expenditures price index rose 6.6% over the…» Affordable Housing Developer Plans Two Apartment Complexes in West Phoenix A […]
Commercial Real Estate & Business News – May 3, 2022
$500M Residential, Industrial Project Planned for Historic Area in West Valley Charleston, South Carolina-based Greystar Real Estate Partners LLC is proposing to build a $500 million mixed-use project in a historic area of the West Valley. Plans for the project, dubbed Peoria Place, include nearly 1,200 apartment and housing units with…» Recently Completed ‘Adeline’ in […]