Commercial Real Estate & Business News – July 25, 2024
How the West Valley Evolved Into Hotbed for Innovation and Growth Buckeye Mayor Eric Orsborn recounts a 2015 story that perfectly illustrates how the perception of the West Valley has dramatically evolved in less than a decade. “Then-Phoenix Mayor Greg Stanton was celebrating an investment the City of Phoenix was making in Buckeye,”…» QTS Plans Another […]
Commercial Real Estate & Business News – July 24, 2024
H1 CMBS Issuance Almost 3X Over 2023 The first half of 2024 has been strong for CMBS, with domestic private-label issuance totaling $42.29 billion, according to Trepp. That is almost three times the $16.47 billion the same period in 2023 saw. It’s also up from $24.6 billion in the first quarte…» Phoenix leads the nation in active industrial […]
Commercial Real Estate & Business News – July 23, 2024
Despite Declines, Renters Still Pay $300 More Than Pre-Pandemic While rents fell across all unit sizes in June, especially large declines were seen in the South, according to the Realtor.com Rental Report. Marking the 11th straight month of declines, median asking rents for zero to two-bedroom units fell to $1,743 or -0.4% ($7) from June […]
Commercial Real Estate & Business News – July 22, 2024
The State of Commercial Real Estate in Arizona and What to Expect in the Future Industrial development in Greater Phoenix has seen an impressive growth streak in recent years, with an unprecedented amount of investment coming to the Valley. Other sectors, such as retail and office, have struggled in the post-pandemic landscape, with some…» Dream […]
Commercial Real Estate & Business News – July 17, 2024
Pinal County sees surge in aviation-related development Arizona’s aerospace industry has long been a critical sector for the state, with the Aeronautical Repair Station Association ranking Arizona among the top two for aviation maintenance economic activity. While Greater Phoenix and Tucson are home to many companies in the sector, Pinal County has…» Silver Sky Development […]
Commercial Real Estate & Business News – July 16, 2024
NRF: June sees moderate rise in retail sales Retail sales increased in June compared to last year, signaling that the economy is “still solid” and that inflation is cooling. Core retail sales (excluding restaurants, automobiles and gasoline) rose 0.3% month-over-month in June and were up 3.07% year-over-year, according to the CNBC/NRF Retail Monitor…» Virgin Galactic completes […]