Commercial Real Estate & Business News – February 3, 2022
Phoenix Ranks No. 2 in U.S. for Tech Office Leasing Phoenix ranks No. 2 in the nation for average annual growth rate in tech office leasing – a sector that is now the primary driver of the U.S. economic recovery, according to JLL’s latest research. At the beginning of the pandemic, tech employment numbers…» Net […]
Commercial Real Estate & Business News – February 2, 2022
This Canadian Industrial Cooling Firm Shows How Phoenix Area Lures Data Center Businesses A Canadian industrial cooling firm said it would choose between two Phoenix suburbs for its $300 million corporate headquarters and manufacturing facility as the region keeps luring more businesses related to data centers. Xnrgy Climate Systems, based in…» The Next Silicon Valley? […]
Commercial Real Estate & Business News – February 1, 2022
Defunct Malls Among Top Redevelopment Projects in the Valley Defunct malls have been the focus of some of the biggest redevelopment efforts in the Valley, including the reuse of the former Park Central Mall as a primarily office mixed-use campus, and now two groups are gearing up to take on the repositioning of…» Gilbert No. […]
Commercial Real Estate & Business News – January 31, 2022
Phoenix Job Seekers and Homeowners are Well-Positioned for 2022; Employers and Home Buyers Face Challenges Metro Phoenix’s economy has started the new year hitting on all cylinders, with full employment, industrial expansion and more home-price gains on the horizon. The outlook is promising for homeowners and job seekers but could prove frustrating for employers and […]
Commercial Real Estate & Business News – January 28, 2022
Here’s How Metro Phoenix is Attracting More Venture Capital Innovation and Arizona State University (ASU) are essentially synonyms. For the seven years that U.S. News & World Report has offered an innovation category, ASU snatched No. 1 every time, outperforming other juggernauts such as Stanford University and Massachusetts Institute of Technology. One outlet…» One of […]
Commercial Real Estate & Business News – January 26, 2022
Commercial Mortgage Debt Holdings Increase The late summer months of 2021 were very active for commercial/multifamily borrowing and lending. The level of commercial/multifamily mortgage debt outstanding increased by $64.8 billion (1.6%) in the third quarter of 2021, according to the Mortgage Bankers Association’s…» Built-to-Rent Homes Expected to Hit All-Time High in 2022 In 2021, 6,740 […]