Commercial Real Estate & Business News – September 12, 2022

Here’s How many Californians Have Moved to Arizona

Roughly 64,000 Californians have moved to Arizona annually during 2016-2020. Net migration has long been a key source of Arizona’s population growth, usually contributing much more than natural increase (births minus deaths). As the baby boom generation…»

Wealthy Millennials Are on the Move, and Many of Them are Flooding Into Arizona


The big, sprawling cities on the coast are no longer the top destinations for young, wealthy people on the move, and Arizona is gaining wealthy millennials as a result. The Grand Canyon State is among the top 10 destinations for wealthy millennials, according to…»

Canadian Joint Venture Announces Two Industrial Parks Near Phoenix

Scottsdale-based Alliance Residential company announced the completion of A joint venture of two Canadian firms bought land in the Phoenix suburbs of Peoria and Mesa to develop a pair of industrial parks totaling nearly 500,000 square feet. Nicola Wealth…»

Grocery-Anchored Shopping Centers Remain in Demand. But They Are Going Mostly to Private and All-Cash Buyers.

Ask anyone involved in the grocery-anchored retail sector whether it’s a buyer’s or a seller’s market right now, and you’ll get a range of answers. Some say it’s a seller’s market since these centers have emerged as one of the most in-demand retail property types…»

UWM Follows Rocket, Hikes Conforming Loan Limits

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. UWM’s move follows an…»