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Commercial Real Estate & Business News – August 24, 2022

Laveen Village in Phoenix Could See More Housing, Commercial Development

The city of Phoenix is looking to spur development across approximately 270 acres of existing agricultural land along the Loop 202 in Laveen Village.Dubbed Gila Foothills, documents submitted to the city show that a developer is proposing to create a mix of…»

NAHB: Multifamily Confidence Mixed in Q2

 

The multifamily sector was showing signs of caution in the second quarter, according to the National Association of Home Builders’ (NAHB’s) Multifamily Market Survey. The Multifamily Production Index (MPI) decreased six points to 42 compared with the…»

5 Most Affordable Valley Cities for 1st-Time Homebuyers

The affordability of housing in the Valley has been a constant challenge for first-time homebuyers since the start of this decade. The Phoenix metro area continues to be one of the fastest-growing cities as more people migrate from other parts of the United States, so it’s tough to…»

Tourism is On The Upswing in Arizona

Tourism is on the upswing in Arizona.Debbie Johnson is with the Arizona Office of Tourism. She talked about the state’s recovery efforts on PBS’s “Arizona Horizon.” “We saw eight of our 15 counties in Arizona have higher tourism last year than in…»

Inching Closer: Phoenix Hotels Expected to Surpass 2019 Levels in 2023

Tourism was among the industries hit the hardest during the Covid-19 pandemic, but many hotels have already surpassed 2019’s business and the Valley’s hospitality industry is expected to make a full recovery in 2023. Visit Phoenix, the organization that markets the…»