Commercial Real Estate & Business News – November 16, 2023
A Welcome Slowdown Is Underway Despite the Federal Reserve’s aggressive tightening program over the past 20 months, the labor market has been surprisingly resilient. The 22 million jobs lost in March and April of 2020 as the economy shut down due to the pandemic were fully recovered by June 2022, and…» Hospital Campus in Buckeye […]
Commercial Real Estate & Business News – November 15, 2023
‘Boutique’ Apartment Building Planned at Camelback Lakes Office Complex An office building owner in the Camelback corridor is seeking to add a luxury apartment to its site, following a trend of adding infill development to increase a property’s uses. The office complex, called Camelback Lakes, is on 26th Street and Camelback Road and is proposing […]
Commercial Real Estate & Business News – November 14, 2023
Phoenix Metro Multifamily Market Tilts in Favor of Renters, Data Shows The Phoenix multifamily sector finds itself in a renter’s market as 2023 winds to a close. Phoenix rents have declined by 4.7% year-over-year, according to one recent study by ApartmentList. Rent prices dropped 1% in October, more than the national average of 0.7%. The […]
Commercial Real Estate & Business News – November 13, 2023
Here’s What is in Store for Arizona Economic Development in 2024 The Arizona economic development community has worked diligently in the past few years to attract massive projects such as LG Energy Solution’s $5.5 billion battery factory in Queen Creek and American Battery Factory’s $1.2 billion facility in Tucson. Doing so requires these professionals to […]
Commercial Real Estate & Business News – November 10, 2023
Industrial’s Pullback in Demand Won’t Last Long, Expert Says Despite a noticeable drop in demand after a historic, record run recently, there are some real bright spots for the US industrial market, according to a new company news video from Marcus & Millichap. “We still see room for inventory growth in the mid to long-term […]
Commercial Real Estate & Business News – November 9, 2023
Signs That Capital on the Sidelines Maybe Be Reentering the Markets With transaction volumes down, price discovery largely missing, valuations heavily off, and a challenging interest rate environment, a natural question is when CRE markets would again pick up. Many in the industry have been talking for more than a year about all the capital […]