Commercial Real Estate & Business News – April 28, 2022

The planned resort formerly known as Crystal Lagoons is being rebranded and developed into what the city of Glendale said will be the largest hotel and entertainment destination in Arizona. Now called VAI Resort, the entertainment destination will…»
Retail is quietly outperforming expectations, with core retail sales setting a new record in March—but investors continue to eschew the sector in favor of other, more sure bets. Marcus & Millichap data reveals that last month, total consumers spent…»
The economy gained 431,000 jobs in March, and the national unemployment rate is now 3.6%, which is 76% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released…»
(CNN) US home prices continued to surge higher in February.Prices rose 19.8% year-over-year in February, an even higher rate than the 19.2% growth seen in January, according to the S&P CoreLogic Case-Shiller US National Home Price Index…»
IndiCap, a newly formed boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, in a joint venture with AECOM-Canyon Partners, announced its entry into the…»