Commercial Real Estate & Business News – September 6, 2022

Economic uncertainty, inflation, and rising mortgage rates are clouding the picture for the U.S. housing market, which is also facing a structural deficit of both for-sale and rental homes. During the “Getting Serious About Housing Supply: The…»

The construction industry added 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, construction employment has risen by…»

MG Properties has purchased 2150 Arizona Ave South Apartments l for $107 million. Rebranded as 2150 Apartments, this Chandler submarket of Phoenix is close to multiple job corridors, school systems, and master-planned communities. The community offers…»

A development company headed by heirs of one of Arizona’s first homesteading families started construction of a 329-unit apartment project in Prescott Valley, a town about 90 miles north of Phoenix. Fain Signature Group, led by members of the…»

The commercial real estate industry, based on the results of a large recent survey, is gearing up for some rough patches — but it could be worse. The report, the 2022 Trepp CRE Sentiment survey, found that “for several parts of the economy, the…»