Commercial Real Estate & Business News – November 1, 2022

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 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, 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…»

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…»

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…»