Commercial Real Estate & Business News – September 24, 2021

The Federal Reserve is saying that it will start to taper off its purchases of $120 billion of bonds per month. Also, Fed officials were split 50-50 on an interest rate hike in 2022 according to Oxford Economics, calling the meeting “slightly more hawkish.”But what does that mean for commercial real estate? One of those good and bad news scenarios…»

San Antonio-based Embrey Partners LLC is set to build a $100 million apartment community in midtown Phoenix.Plans call for breaking ground within the next 30 days on a 4.5-acre parcel for Seven Oaks just east of Monterey Park’s softball fields, operated by the Phoenix Parks and Recreational Department, at…»

The U.S. Census Bureau released franchise statistics from the 2017 Economic Census on August 26. Nearly 300 different types of business are franchises, though the only data available at the state level are for full- and limited-service restaurants. Comparing Arizona to the U.S., 41.6 percent of restaurants (combined total of full- and limited-service) in...»

A Seattle-based real estate firm paid the highest total price for an industrial building in Arizona history in a year that has seen investors, many from out of state, bid up prices of logistics property in the Phoenix area.Real estate investment management adviser BentallGreenOak bought the just-opened first phase of Park303 in Glendale, Arizona, from…»

After two years of really exceptional economic growth, the U.S. GDP will likely level off to where it was before the Covid-19 pandemic, economist Andrew Busch said at the SRP and Phoenix Business Journal’s 2022 Economic Forecast event.Busch said he expects the U.S. economy’s growth to level off as government stimulus slows and is…»