Commercial Real Estate & Business News – September 4, 2024

In line with last year’s trend, Phoenix has solidified its position as the leading market for industrial development in the country. The region’s growth is propelled by high-tech sectors, including semiconductor manufacturing and data centers, which are infusing…»

A record number of apartments were expected to be built in the U.S. this year, and a large portion will be in Phoenix. A new study shows that a record 518,000 rental units were expected to be completed by the end of the year, up 9% from 2023 and 30% from…»

Questions have been swirling for years surrounding BNSF’s massive proposed rail complex in metro Phoenix. The Texas rail giant is finally pulling back the curtain on its grand plans. The project, to be called Logistics Park Phoenix, will represent a $3.2 billion investment for…»

After a dismal spring and early-summer selling season, housing sales increased in July for the first time in five months. According to the National Association of Realtors, existing home sales rose 1.3% in July to 3.95 million units at a seasonally adjusted annual rate but are…»

After facing continuing headwinds at the beginning of this year, the hospitality market is seeing signs of momentum as business and group travel is balancing a pullback in leisure travel. Average occupancy in the first quarter was down more than 100 basis points from the…»