Commercial Real Estate & Business News – January 18, 2024
Holiday Sales Hit New Record — So Do Full-Year Sales Despite inflation and high interest rates, consumers ramped up their spending in December, helping to end the holiday season and full year on an upbeat note. Core retail sales during the 2023 holiday season grew 3.8% over 2022 to a record $964.4 billion, according to […]
Commercial Real Estate & Business News – January 17, 2024
Here’s What GPEC Experts Predict for Arizona’s Economy In October 2022, the Wall Street Journal reported that a survey of more than 60 economic forecasters expected the U.S. to enter a recession in 2023 with inflation continuing to run high and employers cutting jobs as the economy contracted. Az Business magazine sat down with the […]
Commercial Real Estate & Business News – January 12, 2024
Maturing Loans Will Bring More Clarity to Capital Markets Even the experts appear reluctant to predict what 2024 holds for the commercial and multifamily mortgage markets, though they hope the year will bring more clarity. The just-released Mortgage Bankers Association’s 2024 Commercial Real Estate Finance Outlook Survey…» Once Highest, now near Lowest in the Nation. […]
Commercial Real Estate & Business News – January 11, 2024
Investment Sales Will Reach Pre-Pandemic Levels This Year After a more-than-sluggish 2023 when it comes to commercial real deals, Marcus & Millichap sees a revival in 2024, according to John Chang, its National Director of Research and Advisory Services. Leading the revival is that the industry is resilient, interest rates have started to…» Labor Market […]
Commercial Real Estate & Business News – January 10, 2024
Phoenix Ranked No. 1 in Nation for Manufacturing Growth, Report says Phoenix is the top market for manufacturing growth thanks to at least 14 major announcements that have been made in the region since 2020. Metro Phoenix was ranked No. 1 out of the 15 top growth markets for largest projected job gains by global […]
Commercial Real Estate & Business News – January 9, 2024
2023 in Review: The Future is Arizona In 2023, Arizona continued to attract record investments as high-tech industries surged. In short: The future is Arizona. The year also saw major wins for workforce development, infrastructure improvements, startup collaborations, supply chain enhancements, rural business expansions and…» Apartment Supply to Thin Out Dramatically After This Year It […]