Commercial Real Estate & Business News – November 23, 2022

Why the US is Expected to Escape Recession in 2023

The U.S. will probably stick a soft landing next year: the world’s largest economy is forecast too narrowly avoid a recession as inflation fades and unemployment nudges up slightly, according to Goldman Sachs Research. Our economists say there’s a…»

Here’s What Experts Predict for Arizona Economy in 2023

An Arizona State University economist said the Grand Canyon State has managed to withstand the one-two punch of COVID-19 and record-breaking inflation, and a rebound in 2023 is possible. But the Arizona economy may have to gird itself for a recession in…»

Peoria Approves Tax Incentive Agreement With Mixed-Use Project Developer

The city of Peoria moved forward with what could be the final development agreement needed for a new mixed-use office project in the West Valley city called Stadium Point, which has been in the works for several years. The project will comprise more than…»

Retail Shrinkage: Small-Format Store Benefits

The 1990s and early 2000s was the time of big-box stores and super centers. But by the mid-2010s, this trend backpedaled. Headlines such as “Fatal Retail Missteps: Why Big-Box Retailers are Dying” and “The Era of Big Box Retail Dominance is Coming to An End”…»

Phoenix Housing Market Favors Buyers. Here’s What Analysts Say

The Greater Phoenix housing market has been as hot as an Arizona summer throughout the past two years. But, just like the region’s winter months, things are starting to cool off. Tina Tamboer, senior housing analyst at The Cromford Report, spoke about the...»