Commercial Real Estate & Business News – May 6, 2022

Apartment Rents Continued to Rise in April

Rent growth is continuing to pick up steam again, after a brief winter cool down. Apartment List’s national index showed rents were up by 0.9 percent in April. During the first four months of 2022, rents have increased by a total of just…»

Phoenix Slated for More Population Growth, Experts say. Affordability is a Growing Concern

An economic forecast for the state and Phoenix metro show Arizona will continue to add a significant number of residents, housing and jobs while dealing with inflation, supply chain issues and a low supply of homes in the growing region…»

ICSC Participants Gear Up for Reconnecting, Intel Gathering

 

 

The retail industry has gathered before at a post-pandemic event organized by the ICSC, but memories of quarantine and curtailed business travel are still fresh. So participants can be excused for getting excited to see…»

Latest Interest Rate Hike Points to Mixed Impact for CRE

 

The Federal Reserve is a long way from done with raising interest rates, and the impact on the economy as well as on commercial real estate may unfold throughout the year. That was the initial feedback from analysts as the…»

Luxury Residences Break Ground at Foot of Camelback Mountain, Most Units Sold

Ascent at The Phoenician® has officially broken ground on its next phase of development, the Mountainside Residences situated at the base of Camelback Mountain.Overlooking The Phoenician® Golf Course and located adjacent to…»