Commercial Real Estate & Business News – January 12, 2023

Bid-Ask Transaction Gap Puts Potential Pressure on Cap Rates

During the fall, many sources told that the general forecast for commercial real estate was uncertainty and more than the odd person or institution holding onto unrealistic expectations. As Barry Saywitz, president of national brokerage…»

Thompson Thrift Plans Luxury Apartment Development in Buckeye

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the development of The Maddox, a 252-unit, Class A multifamily community in the Phoenix suburb of…»

Phoenix Posts Another Banner Year for Industrial Real Estate

An unprecedented all-time high of 26M SF delivered in 2022, expanding the market’s inventory by almost 10%. The Phoenix metro ranks among the top five markets in the nation for industrial construction activity, with a massive 45M SF currently underway…»

Don’t Be Fooled — The Labor Market Is Softening

Economists rely on many data points for insight into how the economy is faring, as each on its own can at times offer confusing signals, especially at turning points. For example, for many months, most data have pointed to a labor market that remains…»

Chandler to Consider Plans for Medical Office Building, Flex Industrial Park

Owners of a pair of Chandler projects look to hear possible next steps on Thursday night. Chandler City Council will consider rezoning a 3.6-acre site, making way for the Avenir office-medical building. The proposed development would bring a…»