Commercial Real Estate & Business News – May 18, 2023

Q1 2023 has had its share of economic-related news, from bank failures to continued increases in the Effective Federal Fund Rates (EFFR). During the May 10, 2023 edition of the Walker Webcast, Walker & Dunlop Chairman and CEO Willy Walker hosted a panel of experts…»

“There has been an uptick in both on-campus healthcare facility projects as well as off-campus ambulatory clinics and facilities,” says Jaime Northam, vice president of healthcare development for Ryan Companies US. “Most of the health systems in this market have recently announced plans for new…»

New hyperscale data centers are coming to metro Phoenix as Prime Data Centers is getting ready to develop its first facilities in the market. The company plans to invest $2 billion in the construction of a 210-megawatt, five-building campus that will span 1.3 million square feet…»

Larry Kush, senior vice president at ORION Investment Real Estate in Scottsdale, was named for a fifth consecutive year as a Top Homebuilder Influencer in 2023 by Fixr.com. Fixr.com compiles an annual list of the most influential professionals in the construction…»

After falling 0.8% in March, housing starts were back up again in April, according to a report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). Home starts checked in at an estimated annual pace of…»