Commercial Real Estate & Business News – February 14, 2023

Poll Results: When Deals, Financing Will Pick Up

In CPE’s latest monthly poll, commercial real estate professionals were asked about their thoughts on when the financing of new deals, as well as transaction volumes could reach more productive levels. The results reveal a…»

Mastercard: In-Store Spending Tops Online in January; Total Sales Up 8.8%

Consumers continued to spend in January even amid inflation and an uncertain economic environment. U.S. retail sales (excluding automotive) rose 8.8% year-over-year in January, according to Mastercard SpendingPulse, which reports on…»

California Developer Proposes Big Industrial, Manufacturing Park in Mesa

A proposed East Valley business park could employ up to 10,000 people. California-based Shopoff Realty Investments is proposing The Block on Elliot at Elliott and Sossaman roads in southeast Mesa. Shopoff acquired the nearly…»

2023 Phoenix Housing Market Forecast: 3 Predictions

Toward the end of 2022, the real estate market started to experience a leveling out period due to high mortgage rates. The increase in rates resulted in lower home costs and increased inventory. Now, as people are looking to invest in 2023, they…»

Super Bowl Spotlights Phoenix Area, Where the Skyline Has Yet To Catch Up to Soaring Population

Sunday’s Super Bowl matchup between the Philadelphia Eagles and Kansas City Chiefs will cast a spotlight on one of the country’s fastest-growing real estate markets. Most of that growth has been outward rather than upward. Professional football’s…»