Commercial Real Estate & Business News – March 28, 2023

How Mortgage Rate Drop Will Impact Phoenix Housing Market

The latest mortgage rate drop has enticed some previously reserved homebuyers back to the housing market. The Fed’s recent interest rate hike is also helping buyers’ long-term mortgage interest rates, with the ten-year treasury, which…»

Big Step to Remove Mesa Eyesore, ‘Bad Juju’

A plan by nonprofit Chicanos Por La Causa to transform a downtown Mesa corner – and remove a grim reminder of an eminent domain debacle – is back on track after a three-year delay. Mesa City Council on March 20 approved a…»

Arizona Opens New Trade and Investment Office in Taiwan’s Capital

The state of Arizona has opened a new trade and investment office in Taipei, Taiwan, to further boost economic opportunities between the two regions. The new office will be part of the ACA and will serve as a platform to increase…»

What Phoenix Housing Market Buyers and Sellers Can Expect in 2023

The Metro Phoenix housing market has heavily favored home sellers since the start of the decade as more people moved to Arizona and the pandemic scrambled the status quo. The S&P CoreLogic Case-Shiller Index’s most recent release shows that…»

Mesa Surf Lagoon Swims in Wave of Stalled Water Parks

The waves of the 37-acre, $280 million Cannon Beach retail and entertainment complex anchored by a surfing lagoon in southeast Mesa are taking longer to reach the shore than expected. That’s creating suspense for city leaders eager to…»