Commercial Real Estate & Business News – January 11, 2023

A Las Vegas developer that has been active across greater Phoenix in recent months plans an industrial park in the West Valley as construction stays brisk in the region despite a national pullback by industrial developers…»

Near the end of the first year of the Covid-19 pandemic, one Washington-based company decided it was time to search for a new facility to house its global distribution operations. The company, Everett, Washington-based Funko Inc., was no exception…»

Flagstaff and Prescott typically have the lowest housing affordability in Arizona, but not this last quarter. In the second quarter 2022, only 22.3% of homes sold in the Phoenix metro were affordable to those earning the median family income according to…»

Luxury retail shoppers and their typically higher household incomes are showing up in Sunbelt markets ready to spend and retail centers are taking notice. No longer mostly consolidated in New York and Los Angeles, areas such as…»

Most business leaders in Arizona are expecting a recession and sustained higher costs this year, but they don’t seem to be letting that dampen their optimism too much. That comes from JPMorgan Chase’s 2023 Business Leaders Outlook report, which was…»