Commercial Real Estate & Business News – July 19, 2023

Over the next 12 months, the U.S. commercial real estate sector will grapple with the reality that three-quarters of a trillion dollars in loans are scheduled to come due this year and next. Within the context of $4.5 trillion in U.S. commercial real estate debt, this juncture could…»

The economic soft landing that so many were looking for is still at play, according to many economists and the expectations of markets. Great if it happens, but it’s unclear whether the Federal Reserve, in its oft mentioned role of “the chaperone who has ordered the punch bowl…»

Unical Aviation Inc., a leading aircraft parts and components provider, has relocated its corporate global headquarters out of the greater Los Angeles area to the Phoenix metro with plans to hire 80 new employees. Unical, which serves the global commercial aerospace market, started moving…»

Phoenix plans to sharply reduce the minimum number of parking spaces it requires apartment developers to build in an effort to improve housing affordability and the environment. The most significant changes would apply to apartments in downtown and midtown near light rail. Residents, who are…»

​After three powerful years of household formation growth ending last year, Harvard University’s The State of the Nation’s Housing report says growth will likely slow. The report has seen it most prominently in professionally managed apartments, thanks in part to rising rents and the increased number…»