Commercial Real Estate & Business News – April 19, 2024
$93 Billion Real Estate Giant Is Betting The Market Is About To Hit Rock Bottom Successful real estate investors have long followed the adage: When there is blood in the street, buy property. Historically, this approach has yielded dividends, and it explains the mindset behind a new venture from Hines, a real estate giant with […]
Commercial Real Estate & Business News – April 18, 2024
26-Story Art-Focused Downtown Phoenix Apartment Tower Begins Construction A 26-story apartment tower is beginning construction in downtown Phoenix, the latest project for a New York-based development firm with a focus on art and architecture. The project, called Ray Phoenix, is a joint venture between development firm Ray and VeLa Development…» Phoenix, Dallas See Shrinking Lead […]
Commercial Real Estate & Business News – April 12, 2024
New Road Extension to Connect Goodyear Civic Center & Retail Hub; Plus 8 More Deals to Know Red Development and Globe Corp. recently broke ground on a major road connecting Goodyear’s new Civic Square and public park to the municipality’s future downtown. The road, named Goodyear Way, will connect to the 150-acre mixed-use development featuring […]
Commercial Real Estate & Business News – April 11, 2024
Blackstone to Sell Phoenix Luxury Resort for $705M Blackstone has struck an agreement to sell the Arizona Biltmore hotel to a London-based private equity real estate manager called Henderson Park for $705 million, according to Bloomberg, which cited people familiar with the matter as a source. The Phoenix property is…» Land-Banking Joint Venture Buys Lots […]
Commercial Real Estate & Business News – April 10, 2024
Multifamily Rent Growth Forecast Gets an Update Strengthening job growth data from Q4 2023, shifts in GDP forecasts and retail sales, and the imminent action of the Federal Reserve has RealPage updating its effective rent growth forecasts for major markets, including 12% of the top 50 to rise by 3% or higher this year. Most…» […]
Commercial Real Estate & Business News – April 9, 2024
TSMC Plans Third Fab in Phoenix, Increases Investment to $65 Billion On April 8, the Biden-Harris Administration announced that the U.S. Department of Commerce and Taiwan Semiconductor Manufacturing Company (TSMC) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.6 billion in direct funding under…» More Catholic Charities Affordable Housing Coming […]