Commercial Real Estate & Business News – February 17, 2023

HyRel Technologies, a semiconductor modification and contract manufacturing company, announced Wednesday it began operations at its Peoria plant that spurred creation of 50 new jobs. HyRel is leveraging its…»

The high cost of borrowing continues to affect the single-family home purchase market with investors clearly fleeing the space, according to Redfin. U.S. home sales fell a record 45.8% year over year in the fourth quarter and…»

When is economic news good and when is it bad? Take the retail sales numbers from January 2023, for example — as much an example of the ping-pong nature of today’s economy, with sideline judges differing in interpretation. For retailers…»

Colliers in Arizona has released the annual Greater Scottsdale Airpark 2030 Report, indicating healthy conditions within the growing submarket and an employee base expected to grow to 70,000 by 2030. According to the report, demand for…»

A Northern California investment firm paid a record price for the AC Hotel Biltmore by Marriott as investors keep scooping up high-end lodging properties across greater Phoenix. Nella Invest, based in Auburn, California, bought…»