Commercial Real Estate & Business News – April 22, 2022

After years of rumors and proposals, the nearly 28 acres that are home to CrackerJax amusement park in Scottsdale has finally sold. Billionaire George Kurtz, the co-founder and CEO of cybersecurity company CrowdStrike, and one of the…»

Phoenix is widely known for its hot temperatures and dry climate. However, despite the city’s reputation for not being the most sustainable, the metro has gained traction in its commitment to turning that around. Over the past few years, city officials have…»

For the second consecutive year, Mother’s Day spending is expected to reach a new high.Spending for Mother’s Day is estimated to total $31.7 billion this year, up $3.6 billion from 2021’s record spending, according to the annual survey by the…»

Following a strong February, total construction starts fell 12 percent in March to a seasonally adjusted annual rate of $903.8 billion, according to the latest Dodge Construction Network report. Dodge notes nonresidential building starts…»

Buying a first home just keeps getting harder. The median price for an existing single family home hit a record $375,300 in March — a 15 percent jump over March 2021 — as mortgage interest rates climbed and inventory remained tight, according to…»