Commercial Real Estate & Business News – November 8, 2023
Coming Soon: Arizona’s Largest Pickleball Facility & USA Pickleball Headquarters A development that will include the largest pickleball facility in Arizona and will be the future headquarters for USA Pickleball is coming to tribal land near Scottsdale. Pure Pickleball will partner with Scottsdale-based Caliber Cos. to develop the 11-acre venue, which will include 28 oversized…» […]
Commercial Real Estate & Business News – November 7, 2023
Arizona state Land Auctions to Generate More Than $300M This Fiscal Year The Arizona State Land Department is projecting more than $300 million in land sales for the fiscal year ending June 30, 2024. That’s up from $292.1 million in revenue generated during fiscal 2023 — across 13 transactions totaling 5,580.09 acres, according to the […]
Commercial Real Estate & Business News – November 6, 2023
Phoenix Second-Hottest Market for Real Estate in 2024 Phoenix is once again one of the hottest real estate markets in the U.S. as the region continues to attract new residents by the masses, according to a new Urban Land Institute study released this week. This year, Phoenix was ranked the second top market to watch […]
Commercial Real Estate & Business News – November 3, 2023
The Economy Rolls Along, Posts Strongest Growth in Nearly Two Years Instead of slowing during the second half of the year as many economists had predicted, economic growth is accelerating. The Bureau of Economic Analysis reported last week that real gross domestic product grew by 4.9% annualized during the third quarter, easily beating expectations. For […]
Commercial Real Estate & Business News – November 2, 2023
Fed Holds Off On Raising Interest Rates For Second Time In A Row The Federal Reserve announced Wednesday that it won’t raise the federal funds rate for now, keeping the base rate at 5.25% to 5.5%. Speaking at a press conference after the announcement, Federal Reserve Chair Jerome Powell left open the door to…» Clean […]
Commercial Real Estate & Business News – November 1, 2023
What Is the Multifamily Sector’s Short-Term Exposure to Credit? While much of the commercial real estate industry has been focusing on concerns surrounding maturing office building loans, multifamily debt has increasingly become a significant concern for lenders and borrowers as the 25-basis-point interest rate hike in July increased the federal funds target rate to…» Three […]