Commercial Real Estate & Business News – November 1, 2022

Phoenix is One of The Top Metros in US for Delivered Industrial Space, Report Shows

Between 2010 and 2021, the Phoenix metro brought online more than 76 million new square feet of industrial, according to a report from 42 Floors. That places the Valley at No. 6 on the list of the top metros in the nation for delivered industrial space, behind…»

The Monday Morning Quarterback

The U.S. economy grew in the third quarter but showed signs of a broad slowdown as consumer and business spending faltered under high inflation and rising interest rates. Gross domestic product—a measure of goods and services produced across the…»

Banyan Residential Buys 15.5 Acres in Phoenix for $200M Project

Banyan Residential, a Los Angeles-based private real estate investment firm, in partnership with national developer Milhaus, announces the acquisition of a 15.5-acre site in Phoenix. The team will develop a two-phased 515-unit apartment community along the…»

When Will the Landlord Leverage End on Apartment Rentals?

Looking for a rental apartment? Zillow offers five suggestions, noting that in a recent survey they took, more than a third of respondents said it was harder to find the rental they’re in now than it would be to get a new job. The advice: pay more up front, sign a…»

A Recession Is Coming But Real Estate Could Be a Good Hedge, Economists Say

William Pattison is sorry but someone has to say it — a recession is coming. In fact, Pattison, head of the real estate research and strategy team for MetLife Investment Management, apologized a few times while delivering the dreary news to the thousands of…»