Commercial Real Estate & Business News – July 11, 2023
Goodyear’s FirstStreet at the Ballpark Debuts Luxury Sustainable Design Building stronger, safer and more sustainable homes has never been more important. That’s why Tempe-based HercuTech, the manufacturer of the environmentally-friendly wall building system HercuWall®, partnered with developer Harvard Investments to build the most…» Prologis Scoops up Industrial Buildings in Phoenix Metro as Part of Nationwide […]
Commercial Real Estate & Business News – July 10, 2023
ECONOMY Private Sector Companies Added 497,000 Jobs in June, More than Double Expectations, ADP Says The U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected, payroll processing firm ADP reported Thursday.Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised […]
Commercial Real Estate & Business News – July 7, 2023
Mixed-Use Project with Housing, Retail and Medical Space Planned in West Valley A new mixed-use project with housing, an inpatient rehabilitation hospital and commercial is planned for a 45-acre infill property along Interstate 10. The project, called The District at Crystal Springs, will be developed at the southwest corner of McDowell Road and Avondale Boulevard…» […]
Commercial Real Estate & Business News – July 6, 2023
Multifamily Demand Continues Its Climb In May, the average length of time that a rental unit sat empty fell to 26 days, the shortest duration since August 2022, according to a Marcus & Millichap report. It also noted that new lease applications per unit increased in the last two months, and the velocity of lease […]
Commercial Real Estate & Business News – July 5, 2023
Major U.S. Banks Could Survive the Worst CRE Scenario For those who have been worried about the banking system, the Federal Reserve brings news of its “annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a…» Retailers […]
Commercial Real Estate & Business News – June 30, 2023
SIHI, Graycor Begin Massive 4 Million SF Camelback 303 in Goodyear Leading real estate developer, manager and investor Sunbelt Investment Holdings Inc. (SIHI), along with general contractor Graycor Construction Company Inc., have debuted design plans for and started construction on Phase I of Camelback 303. The project initiates…» Phoenix City Council OKs Project that will […]