Commercial Real Estate & Business News – December 6, 2022

Healthcare Fundamentals ‘Strong’ As Demand For Services Grow

While increases in operating expenses, and in particular nursing costs, have hit hospitals significantly, the healthcare sector remains strong from a real estate fundamentals standpoint, according to one industry watcher…»

Optimistic Outlook Predicted for Industrial Sector

Amid rising interest rates, economic volatility and uncertainty, slowing e-commerce sales growth and Amazon’s postponed expansion plans, the industrial sector is still in good shape going into 2023, according to…»

Rise48 Equity Adds Tempe Apartment Complex to Expanding Phoenix-Area Holdings

Rise48 Equity, a prolific apartment buyer in greater Phoenix over the past two years, paid $50 million to buy a 160-unit apartment complex in Tempe. The purchase of the La Serena apartments at 6507 S. Hardy Drive, now called…»

Here’s How Giant Semiconductor Plant Rising in North Phoenix Will Shape Arizona’s Economy

President Joe Biden will visit the site of a new semiconductor plant rising on more than 1,100 acres in far north Phoenix, and the visit is fitting. Biden has championed increased investment in the chip industry, and the factory, or fab, owned by…»

Smaller Retail Centers In Demand As Market Realigns

Demand for smaller shopping centers surged in the last quarter, with absorption jumping 20% to 8.1 million square feet in Q3. According to research from JLL, absorption for smaller centers totaled…»