Commercial Real Estate & Business News – November 29, 2022

Taiwan’s TSMC to Bring its Most Advanced Chip Manufacturing to Arizona

(CNN Business)- Taiwan Semiconductor Manufacturing Company plans to bring its most advanced technology to Arizona, the founder of the chip giant said Monday. TSMC’s plans come as tensions between Washington and Beijing are rising over chips, with…»

Phoenix Still Among Top US Metros in Industrial Construction, Just Behind Dallas

The Phoenix metro has continued to see rising rent and sales prices amid record demand for space and the most industrial construction in the U.S. According to a new report from Commercial Edge in November, the Phoenix metro had the second most…»

More Investors Recommend Buying Middle-Income US Apartments Next Year

U.S. apartment sales are down and expected to be slow for the rest of the year and into next year. But investors remain interested in buying properties housing middle-income renters. That’s according to the Urban Land Institute’s annual…»

Omnia on Thomas Sells for $65M with Improvements Planned

Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65 million. Recognized for its chic and colorful exterior with a coveted American Society of Interior Designers (ASID)…»

How a Looming Recession Impacts CRE Deals

Commercial real estate investors and economists are expecting more interest rate hikes as the Federal Reserve continues to try and tame stubborn inflation, avoid a recession and attempt a softer landing for the turbulent U.S. economy. Six rapid rate hikes and...»