Commercial Real Estate & Business News – December 4, 2023
How the Cost of Building Is Shaping Up for 2024 More price hikes are ahead next year but greater overall stability is also expected, according to JLL’s latest report. Calling 2023 a “year of stabilization for the construction industry,” JLL’s 2024 forecast states a strong project pipeline will keep the industry busy in the…» Phoenix […]
Commercial Real Estate & Business News – December 1, 2023
Amkor to Build $2B Semiconductor Testing Plant in Peoria Amkor Technology Inc., a leading provider of semiconductor packaging and testing services, said it plans to build an advanced facility in Peoria that could cost $2 billion, bring roughly 2,000 jobs and partner with another major chipmaking complex in the northwest Valley. Tempe-based Amkor…» Pennrose Breaks […]
Commercial Real Estate & Business News – November 30, 2023
GDP, Inflation Data Bolsters Case that Fed is Done Hiking Growth in the US economy continues to surprise to the upside while inflation declines. New data from the Bureau of Economic Analysis revealed the US economy grew at a 5.2% annualized pace in the third quarter, revised up from the 4.9% reported in the advance […]
Commercial Real Estate & Business News – November 29, 2023
2024 PTK Spotlight: Team Eggman Every year, AZ Big Media, which publishes both PTK and AZRE magazines selects Arizona’s top people and projects to showcase in its premier commercial real estate magazine — PTK — from an impressive and competitive nomination pool. Each day we will highlight 20 different categories…» Two Valley Cities Among Top […]
Commercial Real Estate & Business News – November 28, 2023
US Black Friday Sales Rose 2.5% YoY, Extending 2022’s Double-Digit Growth Jewellery and apparel emerged as the top gift sectors of 24 November. On 24 November, US retail sales experienced a robust increase of 2.5% year-over-year (YoY), excluding automotive and not accounting for inflation. This growth, as reported by Mastercard SpendingPulse, a measure of…» Interest […]
Commercial Real Estate & Business News – November 27, 2023
What to Expect for Senior Housing in 2024 In the first installment of our outlook series, senior housing experts discuss trends and challenges for the year to come. Senior housing occupancy rates have been constantly improving over the past nine quarters, supported by strong demand and fairly limited supply. Tight financing…» Pennrose Breaks Ground on […]