Commercial Real Estate & Business News – December 20, 2021
CoStar Group Plans $460 Million Campus Expansion in Richmond Commercial real estate data provider CoStar Group plans to expand its research and technology center in Richmond, Virginia, investing $460 million to build a two-building complex to create a corporate campus that’s expected to bring 2,000 new jobs to the banks of the James River. The […]
Commercial Real Estate & Business News – December 17, 2021
Fed Clears a Path for Higher Interest Rates Next Year The Federal Reserve Open Market Committee announced some significant changes in monetary policy: a faster tapering of bond purchases and the possibility of as many as three rate hikes next year. The reasons are concern about inflation, which has been more…» Mayo Clinic Buys 228 […]
Commercial Real Estate & Business News – December 16, 2021
How High Can Prices Go? Consumer prices grew by 0.8% in November and are 6.8% higher than a year ago, the Bureau of Labor Statistics recently reported. The figures matched expectations, so long-term interest rates hardly budged and…» $1.8 Billion Mixed-use Development Planned for Tempe Town Lake The south bank of Tempe Town Lake could […]
Commercial Real Estate & Business News – December 15, 2021
More Workers May Be Back In the Office Than You Realize The big question in the office sector of CRE is when will people return to the office. A line of government data that’s been building since May 2020 suggests that tens of millions already have. But, if so, why do so many in real […]
Commercial Real Estate & Business News – December 14, 2021
Metrocenter Mall is Getting a $750 Million Makeover Two national developers are looking to build a massive master-planned residential, industrial and commercial development called Legacy Point on nearly 350 acres in Peoria. Walnut, California-based Shea Homes and Kansas City, Missouri-based VanTrust Real Estate have…» Mesa Tries to End Downtown ‘Grid’ Lock Mesa City Council wrapped […]
Commercial Real Estate & Business News – December 13, 2021
Metrocenter Mall is Getting a $750 Million Makeover One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partner…» FEEDING INNOVATION Food, glorious food.That’s the motivation behind several large- and […]