Commercial Real Estate & Business News – July 9, 2024
Retail Remains Red-Hot In The Post-Pandemic Recovery The Metro Phoenix retail sector has seen a spectacular recovery since the pandemic, with Avison Young’s First Quarter 2024 Phoenix Retail Market Report stating that “since Q4 2020, Phoenix has rebounded, creating a national leading market with demand surpassing availability.” More than 1 million …» Sen. Mark Kelly Touts National […]
Commercial Real Estate & Business News – July 8, 2024
Powell says inflation is showing signs of resuming cooling trend Federal Reserve Chair Jerome Powell said Tuesday that inflation seems to be returning to the downward path that was seen late last year but that it was too soon for the central bank to make a move on interest rates. “Inflation, after pausing in the […]
Commercial Real Estate & Business News – June 28, 2024
Charting Luxury Retail’s Course in the New Economy The global luxury goods market soared to $1.6 trillion in 2023, with global consultancy firm Bain & Co. forecasting even greater growth in 2024, primarily driven by cars, hospitality and personal goods. In this fiercely competitive sector, staying ahead of the curve is paramount, particularly for…» U.S. […]
Commercial Real Estate & Business News – June 27, 2024
Phoenix Retail Availability Outperforms Nation for Over a Year The Phoenix retail market boasts lower space availability than the United States overall, a trend that has held for more than a year. As the second quarter nears completion, the amount of space available to lease has reached 4.5% of the Valley’s total existing and underway […]
Commercial Real Estate & Business News – June 26, 2024
Ryan Cos. Buys into Infill Spec Industrial as it Breaks Ground on Chandler Project A major real estate player is looking to capitalize on the market for industrial buildings at key infill development sites across the Valley. Minnesota-based Ryan Cos., which has a big presence in the Valley, closed on more than 30 acres on […]
Commercial Real Estate & Business News – June 25, 2024
Are Private Companies Getting Sweetheart Deals on Arizona Trust Land? 80% of Auctions Won by a Single Bidder Arizona’s State Land Department has come into the spotlight after officials canceled a planned auction for about 100 acres of prime real estate in north Phoenix that the Arizona Coyotes had wanted for a new arena. The […]