Commercial Real Estate & Business News – November 28, 2022

A local development firm plans to build a major retail and entertainment project near the Talking Stick Resort & Casino in Scottsdale near Phoenix. Caliber Cos., based in Scottsdale, plans to build a mixed-use center with entertainment, retail, restaurants, hotels and…»

Glendale City Council gave the green light for a new industrial facility in its growing Loop 303 industrial core in the Waddell area despite strong opposition from residents. A local developer received approvals from Glendale City Council for annexation and rezoning of…»

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. Fannie Mae‘s Economic and Strategic Research (ESR) Group forecasts single-family home sales to post 5.67 million in 2022 before…»

Recently released information indicates that annual rent growth for single-family homes decreased slightly. But given fundamentals, renter households won’t likely convert to homeownership any time soon. Yardi Matrix’s National Multifamily Report covering…»

Over the last couple months, some of the largest commercial real estate brokerages in the U.S. have revealed that they will be laying off staff as a cost-cutting measure. The move was not particularly shocking, given the current economic climate. In fact, some…»