Commercial Real Estate & Business News – May 4, 2023

A Houston-based multifamily developer is looking to build more than 600 apartment units in Gilbert. Developer Kaplan Multifamily is proposing the District at Cooley Station, which calls for multiple buildings that includes apartments and on-site retail. District at Cooley Station is set to…»

Downtown Phoenix has become a hot spot for multifamily housing developments as more and more people look to live in or near downtown. Here are seven Downtown Phoenix housing developments that are currently under construction. True sustainable living will meet apartment living…»

As expected by virtually every expert that GlobeSt.com has heard from for weeks, the Federal Reserve’s Federal Open Market Committee (FOMC) announced that it would raise the benchmark federal funds rate range 0.25 percentage points to 5% to 5.25%. Given the three bank failures in…»

The Lodging Industry Investment Council’s annual forecast of lodging investment trends and challenges reveals that debt uncertainty is chief among concerns in the next 12 months. Mike Cahill, LIIC co-chairman and CEO and founder of Hospitality Real Estate Counselors, produced this year’s…»

Yet another Valley surf park has received approval to move forward in the development process. Gilbert Town Council on Tuesday evening approved a pair of amendments, including one involving water usage, that will allow Cactus Surf Park LLC to push ahead to secure building permits later this year. Cactus Surf Park intends…»