Commercial Real Estate & Business News – September 5, 2024

For the last two years, many lenders, brokers, analyst firms, and other experts have warned about a coming CRE debt maturity wave. JLL has seized this wave and estimates that the total due by the end of 2025 is $1.5 trillion and that about a quarter, or $375 billion, will have a hard time refinancing. The basics have faced the industry for…»

After more than three years in the making, Cannon Beach has added a wave of new retailers as it prepares to open to the public. Cole Cannon, the developer of the namesake surf park in southeast Mesa, said power has recently been delivered to the site, which allows him to do…»

The record $4.2 billion generated, which is comprised of local, state and federal taxes, was a 7% increase over a record-setting 2022, according to data from the Arizona Office of Tourism. Tourism tax revenue supports services such…»

The cost of living has skyrocketed across the United States in recent years — and rising prices are weighing heavily on the minds and pocketbooks of American families. According to a recent survey conducted by the U.S. Census Bureau, more than…»