Commercial Real Estate & Business News – November 19, 2024

Phoenix inflation rate rose slower than rest of country in October

Inflation in metro Phoenix continues to rise at a slower pace than inflation nationally, with prices here up 1.6% over the past 12 months through October. That figure, reported by the Bureau of Labor Statistics, compares with a 2.6% U.S. inflation rate, also for the 12 months through…»

How California exodus fuels booming Arizona housing market

With about 173 Californians moving to Arizona every day, the state is quickly becoming one of the West’s hottest relocation hubs. In the last decade, over 630,000 Californians—roughly the size of Tucson’s population— have made Arizona their new home. So, with this…»

Axon pitches $1B ‘campus’

As he said “Star Trek” phaser weapons inspired his Tasers, it seems fitting to boil Axon founder Rick Smith’s request to City Council in Capt. Kirk language: “Zone me up, Scottsdale.” At a charged Nov. 13 meeting – months after an early version of his plan was rebuffed…»

Tiger Woods-backed PopStroke proposes indoor putting course in Gilbert

PopStroke, a Florida-based golf entertainment concept with the backing of Tiger Woods, has proposed its third location in the Valley. There are plans for PopStroke to build the entertainment venue on 4.25 acres of vacant land near the SanTan Village shopping and…»

US: holiday shopping season set to break records

The 2024 holiday shopping season is poised for unprecedented activity, with the National Retail Federation (NRF) estimating a record 183.4m shoppers across both online and in-store platforms from Thanksgiving Day to Cyber Monday. This reflects a surge in consumer enthusiasm…»