Commercial Real Estate & Business News – September 6, 2022

The State of Housing Supply: ‘Not Enough Homes to Go Around’

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…»

Construction Employment Jumps by 16,000 in August, ABC Says


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 Buys Phoenix Apartment for $107M

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…»

Local Family Firm Starts Apartment Project in Arizona’s Prescott Valley

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…»

Commercial Real Estate Survey: Downturn Will Be Bad But Not Terrible

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…»