Commercial Real Estate & Business News – June 8, 2023

Economic Conditions look like ‘Soft Landing,’ not Recession, says NRF Economist

Although economic indicators are giving conflicting signs, the nation does not appear to be in a recession and should be headed toward a soft landing from inflation and high-interest rates. “Today’s economy is a lot like looking into a kaleidoscope, with the…»

CRE Midyear Outlook: Cautiously Optimistic

Near the midpoint of a year that was widely predicted to see continued uncertainty in investment and development across all commercial real estate sectors, the industry appears to be adapting. Insights from a June 1 CPE Voices webinar moderated by Editorial Director…»

How Phoenix Hospital Development is Reaching Record-Setting Heights

In 1975, the O’Jays released “Give the People What They Want” and it became a hit song for the group and paved the way for the R&B group’s induction into the Rock and Roll Hall of Fame in 2005. Despite the passage of nearly 50 years, the group’s seminal message…»

Taiwan Semiconductor’s Phoenix Factory Fuels Growth in Unlikely Place: Pinal County

In north Phoenix, the beginnings of Arizona’s largest foreign direct investment, the $40 billion Taiwan Semiconductor Manufacturing plant, are easy to see as tower cranes dominate the landscape. But more than 80 miles away in Casa Grande, the ripple effect…»

5 Reasons we won’t see a Housing Market Crash Anytime soon

It’s been a housing market roller coaster the past few years with no shortage of news about record-high prices, outrageous negotiations (like all-cash deals and cars), and questions about if there’s a bubble and if it’ll burst. The pendulum swung from a…»