Commercial Real Estate & Business News – November 6, 2023

Phoenix is once again one of the hottest real estate markets in the U.S. as the region continues to attract new residents by the masses, according to a new Urban Land Institute study released this week. This year, Phoenix was ranked the second top market to watch for overall real estate prospects…»

The success of Chandler’s economy hinges on the presence of Intel, a company that creates the bulk of the city’s jobs and generates massive amounts of financial activity within Chandler’s borders. But how did the city become so dependent on Intel, and what does that relationship look like…»

Project financing includes a $78 million construction loan from Bank OZK. Toll Brothers Apartment Living has joined forces with Canyon Partners Real Estate once again, this time for the development of Navona, a 400-unit luxury community in Mesa, Ariz. Project financing includes a $78 million…»

Holiday shoppers will spend more this year amid solid wage and job growth but will be looking for deals and discounts to stretch their budgets. That’s according to the National Retail Federation’s annual holiday forecast which said that spending will grow between 3% and 4% this year…»

“Capital is on the sidelines” seems to be the ever-repeating mantra for commercial real estate. Putting a dollar figure on this, a recent estimate by Preqin said that approximately $200 billion is ready to deploy into CRE assets. But John Chang, Marcus & Millichap’s senior vice president, national director…»