Commercial Real Estate & Business News – May 23, 2024
$250 Million Park Algodon Breaks Ground in Phoenix Park Algodon, a $250 million industrial and mixed-use project in Phoenix, officially broke ground this week by leading Phoenix-based real estate development firm Creation, alongside joint-venture partner Clarion Partners. To mark the occasion, the developer held a groundbreaking…» Arizona 12th Priciest State to Afford a Rental Home. […]
Commercial Real Estate & Business News – May 22, 2024
High-Rise Apartment Proposed at Former Tempe College Bar Site A high-rise student housing tower proposed on the site of a shuttered, formerly popular college bar in Tempe could face an uphill battle for approval after an icy reception from a city commission. Landmark Properties, a Georgia-based real estate firm that specializes in off-campus…» Edison Midtown […]
Commercial Real Estate & Business News – May 21, 2024
Biggest Availability Rate Drop in US Occurs in These Two Markets Conditions in many retail markets across the country have reached near the tightest level on record, but while available space has dwindled quickest in areas throughout the Sun Belt and Midwest, Phoenix and Indianapolis stand out as the nation’s leaders for the biggest improvement…» […]
Commercial Real Estate & Business News – May 20, 2024
How Redevelopment Strategy Created a Dynamic Downtown Phoenix In the heart of Phoenix, a wave of redevelopment has swept through downtown marking an evolution in its urban landscape. Spearheading this resurgence are three distinct trends: the burgeoning bioscience core, the adaptive reuse of historical buildings and the flourishing…» Homebuilders Plan Thousands of Homes Near TSMC […]
Commercial Real Estate & Business News – May 17, 2024
Phoenix Still a Top US Market for Big-Box Industrial Growth, Report Says Phoenix has kept its title as one of the top markets in the country for the growth of large warehouse space even as the sector has cooled off nationally, according to a CBRE Group Inc. report. The Valley had a 6% growth rate […]
Commercial Real Estate & Business News – May 16, 2024
Inflation Ticks Down, Keeping Hope Alive For 2024 Rate Cuts Inflation cooled slightly last month, signaling that while previously anticipated cuts to interest rates in the first half of the year are unlikely, there is still hope for decreases this fall. The consumer price index rose 3.4% year-over-year in April, according to the Bureau of […]