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 […]
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 […]