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nick@nickminer.com  480-612-0384
nick@nickminer.com 

Commercial Real Estate & Business News – September 22, 2023

Phoenix, SLC & Vegas Lead the Western US in Industrial GrowthPhoenix, Las Vegas and Salt Lake City all recorded double-digit annual rent increases in the 12-month period ending in the second quarter, making them some of the strongest-performing industrial markets in the United States. These three markets have similar drivers that are supporting…»
Multifamily Is Most Attractive Asset Class, Survey Finds

Apartments are the place to be, according to investors polled in CBRE’s Global Investor Intentions Survey. Its “Midyear Pulse Check: U.S. Multifamily Market” report laid out the most common concerns in commercial real estate overall – interest rates, credit availability, state of the economy…»
Arizona Construction: Here’s How the Next Normal Looks

Over the past few years, construction businesses in Arizona have been busy breaking ground and cutting ribbons. But that storm of activity — along with national economic trends — has ginned up headwinds. AZRE sat down with Arizona construction industry leaders who are all members…»
US Hotel Market Starts to Return to Pre-pandemic Norms

The national hotel market has emerged from its pandemic slump, as both leisure and business travel have mounted comebacks in recent years. But not all types of hotels are benefiting equally, and industry experts say those differences may persist in the post-pandemic world. “Property types…»
Fairmont Scottsdale Princess Eyes Expansion

A new “destination” restaurant, 155 added hotel rooms and more conference rooms might make those who travel Scottsdale Road north of Frank Lloyd Wright Boulevard wary. But the Fairmont Scottsdale Princess Resort insists that its aggressive expansion plans do not mean the area will be swarmed…»