Commercial Real Estate & Business News – December 13, 2023
Inflation Cools Again Ahead of the Federal Reserve’s Final Interest Rate Decision in 2023 Inflation is coming down, but not without some twists and turns. Overall inflation eased again in November, as a drop in gasoline prices offset another increase in rent. But an underlying measure that the Federal Reserve watches closely stayed elevated, possibly […]
Commercial Real Estate & Business News – December 12, 2023
Phoenix Retail Space Availability Falls Below US for First Time in 15 Years The Phoenix retail market recently hit an inflection point that hasn’t happened in at least 15 years. The share of space available to lease declined to 4.6% in the third quarter, surpassing the 4.9% U.S. level. In the decade leading up to […]
Commercial Real Estate & Business News – December 11, 2023
2024 Commercial Real Estate Outlook Multifamily and neighborhood retail continue to perform well, and industrial is showing signs of softening. But the future of office is uncertain as central business districts evolve. However, the commercial real estate outlook for 2024 remains largely unchanged from six months ago. “Overall, the outlook…» Here’s how the Southeast Valley […]
Commercial Real Estate & Business News – December 7, 2023
Dutch Tech Company ASM to Build New U.S. Headquarters in North Scottsdale, Add 500 Workers Arizona’s Silicon Desert boom is encouraging semiconductor equipment maker ASM and other technology companies to take a close look at building, relocating or expanding in metro Phoenix. The Dutch company, which has been operating in Phoenix for 47 years, plans […]
Commercial Real Estate & Business News – December 6, 2023
Retailers Go Big As They Invest In Experiences for Shoppers Retail executives have long known that foot traffic increases when they can provide an “experience” for the customer, such as by adding gathering places or dining venues. Retailers are now taking that a step further by featuring in-store experiences such as nail and eyelash salons, […]
Commercial Real Estate & Business News – December 5, 2023
Amkor Will Bring $2B Facility, 2,000 Jobs to Peoria Amkor Technology, Inc., a leading provider of semiconductor packaging and test services, has announced its plan to build an advanced packaging and test facility in Peoria, Arizona. By the time of full project completion, Amkor projects to invest approximately $2 billion and employ approximately…» 300-Acre Project […]