Commercial Real Estate & Business News – December 23, 2022

Here’s why Arizona Economy is Forecast to Outperform U.S.

Shifting economic winds are buffeting the Arizona economy. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a mountain of open jobs. Retail sales have slowed but remain surprisingly resilient …»

Why Fed’s Rate Changes Are Always Measured in Quarters

What the Federal Reserve ends up doing with its benchmark interest rates at any of its eight annual meetings is often unpredictable. But what can be predicted, it seems, is that any rate hike or cut will come in…»

Bashas’ Opens New Offices in Arizona

A year after acquiring Chandler, Ariz.-based The Bashas’ Company, The Raley’s Companies is investing in new Bashas’ corporate offices. The facility, which will remain in Chandler, will be the hub for merchandising and operations for Bashas’ banners that…»

Phoenix Leads Nation With Biggest Decrease in New Home Listings

November begins a stretch of four months with typically the lowest home sales of the year – including December, January and February – and this November followed suit, according to the RE/MAX National Housing Report for November. Seasonality was just…»

Developer Plans to Convert Aging Phoenix Hotel Into Apartments

Scottsdale-based Caliber Cos. is in the process of building a new multifamily complex and repurposing an aging hotel for new apartments in the Phoenix area. The existing Four Points By Sheraton Phoenix South Mountain hotel, which Caliber Cos. currently…»