Commercial Real Estate & Business News – February 29, 2024
Two Decades in the Making, Ritz-Carlton in Paradise Valley Expected to Open in ’24 The end to a nearly two-decade-long slog to develop a Ritz-Carlton resort hotel in Paradise Valley could be near, as construction on the hotel focuses on interior work and work on the hotel rooms and surrounding villas. At a projected $2 […]
Commercial Real Estate & Business News – February 28, 2024
A Significant Share of Banks Are Overexposed to CRE Anyone in the industry could reasonably be tired of hearing how much trouble banks potentially face over CRE loans — especially the bankers. It’s not that people are enjoying this. And it’s not as though huge numbers of banks are about to fold. The concerns are […]
Commercial Real Estate & Business News – February 27, 2024
Economists Revise Projections For US Growth This Year The latest National Association for Business Economics (NABE) survey of forecasting economists about the outlook for 2024 and 2025 suggests that things are looking up since its take last quarter. They’re projecting real (inflation-adjusted) 2.2% GDP growth, versus the median…» Reshoring Puts Some Regions on Track for […]
Commercial Real Estate & Business News – February 26, 2024
Fairmont Scottsdale Princess Eyes Expansion of Guest Rooms, Restaurants, Event Spaces & More An iconic Scottsdale resort is looking to up its game. The Fairmont Scottsdale Princess filed a request to the city of Scottsdale to update its master plan. The request, which will be considered by the Scottsdale Planning Commission on Feb. 28, seeks […]
Commercial Real Estate & Business News – February 23, 2024
Baker Development is Transforming Former Motorola Site in Phoenix The final phase of demolition has begun on the 72-acre, former Motorola semiconductor manufacturing campus located at 52nd Street, Loop 202 and McDowell Road in Phoenix. The site is located minutes from Phoenix Sky Harbor Airport, Arizona State University, downtown…» New Residential Tower Adds More than […]
Commercial Real Estate & Business News – February 22, 2024
Metro Phoenix Dity Inks Deal with Amkor for Largest Semiconductor Testing Facility in US Amkor Technology Inc. cleared a major hurdle on its path to construct a $2 billion packaging and testing complex in the northwest Valley on Tuesday night, when Peoria’s leaders gave their enthusiastic support for an agreement to construct the project on […]