Commercial Real Estate & Business News – January 18, 2023

Mortgage Rates Have Peaked Along With Inflation

Today’s inflation data has shown that the peak growth rate of inflation is behind us. This should also mean mortgage rates have hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. 27 is…»

Transportation, Workforce, Water Among the 2023 Policy Priorities for AAED

Transportation and broadband infrastructure. Clear development agreements. Make Arizona more competitive. Ensuring a qualified workforce. Water conservation. Those are some of the main policy priorities for 2023 being embraced by the…»

Logistics Property Co. Breaks Ground on Its 1st Phoenix Project

Logistics Property Co. has broken ground on its first metro Phoenix industrial project. Palm Gateway Logistics Center is a four-building, 615,000-square-foot speculative development taking shape in Mesa, Ariz. Public records show the developer is…»

Thompson Thrift to Develop Luxury Multifamily Communities in Colorado, Arizona

Thompson Thrift has announced the development of Premier at West Park, a 336-unit Class A multifamily community in Greeley, Colorado, and The Maddox, a 252-unit Class A multifamily community in the Phoenix suburb of Buckeye. Fifty miles from…»

Shopping Center Vacancy Reaches Historic Lows

Retail shopping center real estate markets remained strong in the fourth quarter of 2022, as resilient demand drove shopping center vacancies to the lowest level on record dating back to 2007 according to Cushman & Wakefield Research. Asking rents for shopping centers rose…»