Commercial Real Estate & Business News – October 31, 2023
HAPPY HALLOWEEN! White House Opens $45B in Federal Funds to Developers to Covert Offices to Homes Biden administration turns to developers to help ease U.S. housing crisis The White House kicked off a multiagency push on Friday to help finance real-estate developers convert more office buildings in big cities emptied by the pandemic into affordable […]
Commercial Real Estate & Business News – October 30, 2023
U.S. GDP Growth Beats Estimates in Q3 The U.S. economy grew even faster than expected in the third quarter, CNBC reported Thursday. Growth was buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global…» The U.S. Economy Is a Juggernaut. Why It May […]
Commercial Real Estate & Business News – October 27, 2023
$1.2 Billion American Battery Factory Breaks Ground in Tucson American Battery Factory (ABF), an emerging battery manufacturer leading the development of the first network of lithium iron phosphate (LFP) battery cell gigafactories in the United States, today broke ground in Tucson, Arizona on a two million square foot gigafactory. The site will provide an…» Phoenix Midtown […]
Commercial Real Estate & Business News – October 26, 2023
The Diamondbacks are Going to the World Series. Here’s What that Could Mean for Phoenix’s Economy In the 2022 World Series, Houston tourism officials saw economic impact of $12M to $14M per game. The Diamondbacks are headed back to the World Series for the first time since 2001. That means the team and Phoenix businesses […]
Commercial Real Estate & Business News – October 20, 2023
Hottest Zip Codes in Metro Phoenix for Apartment Construction Cranes have become a familiar sight across America’s big cities, changing the face of neighborhoods. In our latest study, we looked at thousands of zip codes and ranked the top ones that underwent major transformations – building more apartments than entire cities in just 5 years. […]
Commercial Real Estate & Business News – October 19, 2023
In an Unusual Move, Big Bank Balance Sheets Shrink CRE Lending There’s been a big shift in commercial real estate lending. “According to the Federal Reserve, in August large domestic banks saw their aggregate loan balances tighten for the first time since January 2022, and their loan balances have declined further over the first two […]