Commercial Real Estate & Business News – October 25, 2022

Multifamily Fundamentals Are Still Fairly Strong, Say Panelists

LOS ANGELES—The GlobeSt. Multifamily national conference kicked off this morning with a state of industry panel that brought together the most influential dealmakers in the U.S. multifamily real estate market. The panelists discussed key trends, major market shifts, the impacts of inflation on…»

Phoenix Industrial Market Stays on Course Even as Some Projects Put on Hold

The strength of the Phoenix industrial market is expected to continue even as some developers pause projects in the Valley due to rising inflation. “The theme of our Q3 numbers is that Phoenix is still very much on fire with respect to all types of activity, breaking records with…»

Blackstone and Dominium Partner to Bring New Affordable Housing to Phoenix

Blackstone and Dominium have partnered to develop the Aviara Flats community that will bring 372 new affordable housing units to Phoenix, Arizona. As part of this partnership, Blackstone will provide $48 million of tax credit equity to support the development of…»

Surprise Ranks No. 1 in U.S. For Attracting Young Homebuyers

The housing market is rapidly changing, and it’s scaring off many young people who were planning to buy their first home. In a new study, SmartAsset analyzed the 200 largest cities where more (and fewer) young people are buying homes and our findings show that…»

Metro Phoenix’s Home Prices Tick Down, But Sales Inch Up. What Buyers Should Know

Metro Phoenix’s housing market is sliding toward buyers — as long as they can afford higher interest rates. Home prices dipped in September as the number of listings and days on market climbed. The number of home sales bucked the slowing and ticked up a bit. Interest rates are…»