Commercial Real Estate & Business News – November 16, 2023

A Welcome Slowdown Is Underway

Despite the Federal Reserve’s aggressive tightening program over the past 20 months, the labor market has been surprisingly resilient. The 22 million jobs lost in March and April of 2020 as the economy shut down due to the pandemic were fully recovered by June 2022, and…»

Hospital Campus in Buckeye Ready to Start Construction

Abrazo Health plans to break ground in the coming weeks on its promised 27-acre campus in Buckeye, which is directly across the street from a hospital campus proposed by Banner Health. Abrazo Health, owned and operated by Dallas-based Tenet Healthcare Corp. (NYSE: THC), plans…»

Hard Landing? Soft Landing? These Economists Say There’ll Be No Landing At All

So far, views of how the economy would progress after the Federal Reserve’s attempts to fight inflation through a tough monetary policy — raising interest rates and reducing the Fed’s balance sheet of bond holdings — have fallen into two camps. In one, the preferred “soft landing,” with the…»

Developer Prepares Former Onsemi Chip Factory Campus for Major Corporate User

The rest of the former Onsemi campus is set to be razed in preparation for a major corporate user that wants to be near Phoenix Sky Harbor International Airport. After acquiring 72 acres of the Onsemi property in 2021 and 2022, officials with Baker Development Corp., which has offices in Chicago…»

Attainable Housing Co. Breaks Ground on New North Valley Community

Greenlight Communities, the trailblazing Scottsdale-based real-estate developer dedicated to constructing attainable workforce rental housing, marked a significant milestone with a special groundbreaking ceremony held recently for its 14th property located at 33455 N. North Valley…»