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Commercial Real Estate & Business News – June 28, 2022

Tempe City Council Approves 250 Rio Development

The Tempe City Council has voted to approve the entitlements for the new 250 Rio office and retail project proposed by Hines, the international real estate firm, in downtown Tempe.The 250 Rio development will be a…»

Lucid Motors Looks to Lease More Than 1,300 Acres in Casa Grande

 

Weeks after Lucid Motors (Nasdaq: LCID) purchased 120 acres around its existing plant, newly released documents show the electric vehicle startup could be planning an even bigger expansion in Pinal County. The Pinal County Board of Supervisors will…»

QSR Foot Traffic Suggests Inflation May Be Slowing Spending

Visits to certain categories of quick-service restaurants are down, suggesting inflation may be tempering consumer spending. New data from Placer.ai reveals that while year-over-year visits to burger leaders like…»

Arizona Private Equity Firm Buys New Jersey Senior Housing Complex for $97.5 Million

An Arizona private equity firm that specializes in senior housing has acquired a 195-unit facility in New Jersey for $97.5 million, according to the broker on the deal. Inspired Healthcare Capital, which is based in…»

Metro Phoenix’s Housing Market is Definitely Slowing. What Has to Happen for Prices to Fall?

The housing market is a lot less frenzied than it was three months ago, and experts see the slowing continuing. Since mortgage rates started climbing and inflation began hitting record highs, the number of…»