Commercial Real Estate & Business News – July 18, 2022

ABC: We Might Have Reached Peak Inflation

Contractors and their customers might have seen the peak in materials prices, according to the Associated Builders and Contractors (ABC) analysis of US Bureau of Labor Statistics’ Producer Price Index data released this week…»

Tourists Spent $23.6B in Arizona Last Year — Almost Back to Pre-Pandemic Levels


Arizona’s tourism industry has outpaced the rest of the nation in its recovery from the Covid-19 pandemic. A new report released this week from the Arizona Office of Tourism found that in 2021 there were 40.9 million overnight visitors in Arizona and…»

CIM Group Closes $204M Loan for Phoenix Mixed-Use Project

PHOENIX, AZ – Partners, Medistar Corp., GMH Communities and a fund sponsored by CBRE Investment Management have obtained a $204 million construction loan, closed by a CIM Group-managed fund, for the development of…»

Retail Sales Stayed Strong in H1 But Expectations are Moderating

Retail continued its strong pace through the first half of 2022, but a new midyear survey indicates moderating expectations in the coming months. Nearly three quarters of all respondents to Levin Management Corporation’s recent retail sentiment survey reported…»

2 New Independent Living Communities Open in Scottsdale

Award-wining interior design firm, Private Label International, was selected by Revel Communities, a division of The Wolff Company, to design the company’s two new independent living communities in Scottsdale, AZ. Revel Scottsdale and Revel Legacy are…»