Commercial Real Estate & Business News – January 6, 2023

Here is Arizona’s Economic Outlook for 2023

Merriam-Webster’s 2022 word of the year was gaslighting — a form of deceit where someone is manipulated into questioning the validity of their own reasoning — but there was a well-known noun burning in the minds of many last year: inflation …»

​Shrinking Household Formation Growth Hits Apartment Rents

Flat to shrinking household formation data in 2022 is putting a crimp on apartment rents, according to a recent report from Apartment List. As of last month, the total number of households stood at 132.5 million, down by 143,000 compared to …»

HTG Completes $71M Aviva – Goodyear Luxury Apartments

Housing Trust Group (HTG), an award-winning full-service developer of multifamily residential communities, in partnership with Treger Partners, a Scottsdale-based multifamily owner and developer, announces the completion of Aviva …»

Labor, Rising Utility Costs and Interest Rates Are Top Hurdles for Hoteliers

Entering 2023, hoteliers across the U.S. are running into strong headwinds, with recession fears, labor shortages and rising costs chief among their concerns. David Loeb, a former analyst with Baird and owner of …»

What to Expect From the CRE Finance Markets This Year

Distressed office loans will likely “pile up” into 2023, according to experts from Trepp, who predict there will be billions in unresolved office loans by year-end. “Maturity dates will come and go; loans will reside in CMBS purgatory for months …»