Commercial Real Estate & Business News – April 12, 2023

Multifamily Rents Inch Up in March

Multifamily rents increased slightly in March despite the nation’s economic challenges. According to the latest Yardi Matrix Multifamily Report, U.S. asking rents saw a $3 increase last month to $1,706, while year-over-year growth decelerated to…»

Senior Housing Occupancy Rates Continue to Climb

Senior housing occupancy rates have increased for the seventh consecutive quarter, according to a report by the National Investment Center for Seniors Housing & Care, which utilized data from NIC MAP Vision. Occupancy rates…»

Take a Look Inside Intel’s Chandler Expansion as Feds Prepare to Award Billions for Semiconductors

With billions of dollars in federal funding up for grabs in coming months, Intel showed off construction progress at its Chandler campus, where nearly 30 cranes and thousands of workers are building two new…»

Health Care and Apartment Towers Boost Crane Count in Downtown Phoenix

The latest number of cranes counted in downtown Phoenix is a significant jump from the low number seen over the past two years even as the Valley experiences the effects of continued construction cost increases. The new…»

Number of Phoenix Millennial Homeowners Jumps 66% in Last 5 Years

Millennials make history — not only did they add the highest number of homeowners among all the other generations, but they did it in record time. In just 5 years, 7 million Millennials bought a place to call their own. This spectacular growth led to…»