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 […]
Commercial Real Estate & Business News – October 18, 2023
Will 2024 Mark a Turning Point for Office? The drumbeat of bad news from the office sector has been so pervasive over the past years that it has almost become a fact of life. But a new report from JLL suggests that 2024 could mark a turning point — with the possibility in a few […]
Commercial Real Estate & Business News – October 17, 2023
Senior Housing Demand Continues to Outpace New Supply The senior housing market appears set for a steady and ongoing recovery, with occupancy levels in 2024 expected to meet or exceed pre-pandemic levels, provided no unforeseen difficulties occur. That is the conclusion of an analysis of 3Q 2023 data by the National Investment Center for Seniors […]