Commercial Real Estate & Business News – August 15, 2024

For U.S. hotels, the recovery of group demand has helped counterbalance softer transient travel across 2024. Could group demand continue to surge in 2025? Likely yes, but Kelsey Fenerty, manager of analytics at STR, said at the Hotel Data Conference that the next full year will…»

From single family homes to multifamily units, industrial complexes, office buildings, retail spaces and self storage facilities, Phoenix has become a real estate powerhouse. The city’s strong push to accommodate the influx of new residents and businesses has resulted in…»

The East Valley has come into its own as a hub for advanced manufacturing for some time. Economic development leaders point to the completion of Loop 202 and State Road 24 as a reason why the region is hitting its stride as of late. Clusters of big-name companies are forming in key areas of…»

The combination of the Bank of Japan raising its policy interest rate, a weak U.S. jobs report showing higher unemployment and a downturn in a widely followed manufacturing survey spooked investors and brought chaos to markets last week. These developments introduced a…»