Commercial Real Estate & Business News – June 15, 2022

12 West Valley Healthcare Projects to Watch

These recently completed and upcoming healthcare projects demonstrate the diversity of needs of the West Valley’s growing population, offering high-quality healthcare to residents and generating jobs throughout the region and beyond…»

Two Words Sum Up Today’s Rental Market: ‘No Availability’


Demand for shelter skyrocketed in response to the pandemic. With some financial assistance from federal stimulus and a push by lifestyle changes, renters and homeowners alike reviewed…»

Redfin: Median Asking Apartment Rent Tops $2,000 For First Time Ever

The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002, according to a new report from Redfin. That’s on par with April’s annual increase of…»

8.6% Inflation Means Serious Planning for CRE

The CPI calculation—consumer price index, or what’s commonly called inflation—was expected to run warm, but not like a Miami August afternoon on the beach without an umbrella for shade. “A Labor Department inflation report proved…»

$1.25B Battery Gigafactory Set to Rise Near Phoenix

KORE Power, the Coeur d’Alene, Idaho–based maker of high-tech batteries, will break ground this fall on KOREPlex, its planned $1.25 billion gigafactory in Buckeye, Ariz., a KORE Power spokesperson confirmed…»