Commercial Real Estate & Business News – August 10, 2023
Labor Market Stays on the Right Path The path toward moderation is becoming clearer as firms become more cautious in hiring. The latest jobs report demonstrated that firms added 187,000 positions in July. After June and May job gains were revised lower by 24,000 positions and 25,000 positions,…» Apartments Planned for Surface Parking Lot at […]
Commercial Real Estate & Business News – August 9, 2023
Redevelopment Plans Submitted for Historic Turf Paradise Race Track in Phoenix New plans have been submitted for a proposed industrial center at the historic Turf Paradise horse racetrack in north Phoenix. California-based CT Realty, which plans to acquire and develop the 213-acre property, submitted a conceptual site plan to the city…» Buckeye Master-planned Community Could […]
Commercial Real Estate & Business News – August 8, 2023
Arizona Economic Development Breaks Records: Here’s a Look Arizona economic development efforts continue to break records and earn international attention. During the 12-month fiscal period that ended June 30, 2023, the Arizona Commerce Authority (ACA) and local economic development agencies successfully worked with companies that committed to creating a…» Arizona Among Top US States Attracting […]
Commercial Real Estate & Business News – August 7, 2023
Arizona Economic Development Breaks Records: Here’s a Look Arizona economic development efforts continue to break records and earn international attention. During the 12-month fiscal period that ended June 30, 2023, the Arizona Commerce Authority (ACA) and local economic development agencies successfully worked with companies that committed to creating a…» Arizona Among Top US States Attracting […]
Commercial Real Estate & Business News – August 4, 2023
Optimism Abounds As the Economy Powers Forward After many months of predicting a recession, Wall Street is celebrating recent economic news suggesting that the economy is powering through the Federal Reserve’s interest rate hikes and seems ready to emerge in pretty good shape. The term soft landing is being bandied about as economic growth…» Walker […]
Commercial Real Estate & Business News – August 3, 2023
U.S. Multifamily Market Progresses Toward Stabilization The multifamily market nationwide showed signs of stabilization in the second quarter of 2023 with a rebound in absorption and modest uptick in vacancy, according to CBRE’s latest research. Rents increased 2.6% year-over-year, in line with the pre-pandemic five-year average. The multifamily…» First Look: Culdesac Brings Car-Free Living to […]