Commercial Real Estate & Business News – December 5, 2022

$1 Billion Battery Manufacturing Plant Proposed for Southern Arizona

Utah-based American Battery Factory is planning to build a $1.2 billion battery manufacturing plant in southern Arizona across 267 acres, according to Pima County documents and the startup. The new factory is expected to hire…»

Inflation Is Hitting Renters Harder Than Homeowners

Inflation is hitting renters harder than homeowners, according to a new analysis from Chandan Economics. The firm eyed Bureau of Labor Statistics data and found that the adjusted CPI inflation rate for renters was 7.8% in October, while…»

Cheers! Customers Soon can Stroll Some Outdoor Malls With Drinks in Hand, Thanks to New Arizona Law

It seems simple enough: Buy a drink at a restaurant or bar, take the beverage outside and walk around while enjoying nearby concerts, holiday decorations, fire pits, stage performances or simply the people scene around you…»

US Has Closed $72B in Warehouse Sales So Far in 2022

The industrial market again appears impervious to the headwinds caused by rising interest rates, flattening e-commerce sales growth and Amazon hitting the pause button on its expansion. The nation’s industrial development pipeline is still…»

Many Homebuyers Likely to Be Priced Out of Market In 2023

Homebuyers looking for a reprieve from sky-high prices may be disappointed next year.’s 2023 Housing Forecast predicts that as the housing market begins a “gradual adjustment” the firm says could last through 2025…»