Commercial Real Estate & Business News – May 9, 2022

‘ENDLESS DEMAND’

Demand for luxury homes skyrocketed during the Covid-19 pandemic, leaving few empty lots for homebuilders who want to capitalize on the hot market in the Valley’s wealthiest ZIP code. That ZIP code — 85253 — primarily makes up…»

CRE Can Withstand A Higher Rate Environment. Here’s Why

Fed Chairman Jerome Powell has apparently ruled out more aggressive rate hikes in the future following a 50 basis point increase Wednesday, saying at a press conference that anything higher than that is “not something we’re actively considering…»

What Multifamily Can Expect From the Government Before the Midterm Elections

 

 

Despite the power they might seem to have, any administration, Congress, or agency has only so much time, resources, and political capital to achieve things. With midterm elections looming, a race is underway to see what can get done…»

More People Are Leaving Coastal Southern California

 

Los Angeles County had the biggest population loss of any county in the United States, according to the latest census figures that reflect shifts emerging in the pandemic. The U.S. Census Bureau released…»

Apartments Outside Phoenix Trade for Near-Record Price

A Southern California investor paid $145 million for a luxury apartment complex in ritzy North Scottsdale in one of the highest per-unit prices on record paid for Phoenix-area apartments. JB Partners, a…»