Yardi Executive Summit Special Report: Economic Outlook
Yardi Matrix Vice President Jeff Adler offered a mixed but generally favorable economic outlook during the recent Yardi Executive Summit in New York City, terming it a “repeat of the 1930s” and urging attendees to keep an eye on the fiscal deficit and not to be distracted by the war in Iran. While large deficits remain unresolved, Adler said he anticipates the 10-year Treasury yield to be 4.0 to 4.5 percent. “This is the big thing,” he emphasized. Meanwhile, GDP should…»
Consumer Spending Increases, Retail Fundamentals Remain Intact
Inflation numbers are up. So are gas and food prices. And according to Marcus & Millichap’s “Retail Sales” brief, so is consumer spending. Core retail sales, excluding auto and gasoline purchases, increased by 0.6% in March, while year-over-year spending grew by 4.2%. However, consumers aren’t just throwing money around. “More households are purchasing necessity and household items in bulk to save money amid persistent inflation,” Marcus & Millichap analysts explained. Sales…»
Gilbert developer awaits design approval for 178,000-square-foot retail complex
A developer is waiting for key approval that will allow nearly 28 acres of commercial space for shopping, retail, dining and entertainment use within a broader master-planned community in Gilbert. The 311-acre development called Harvest Grove — off Val Vista Drive and Germann Road — overcame a hurdle last month when the Gilbert Town Council voted 4-3 in favor of the project’s general plan amendment and zoning changes. That vote came after months of debate and design…»
Ranking Arizona: Top master-planned communities for 2026
Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2026 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona is based purely on opinion and ranks companies based on how voters answer this simple question: with whom would you recommend doing business? Top 10 master-planned communities in Arizona. Here are the Top 10 master-planned communities in Arizona, as featured in the…»
Arizona aims to become key player in trillion-dollar space economy
PHOENIX — Florida, California, Texas, even New Mexico. Those are the states people think of when they think about space. Arizona wants to change that. Representatives of Arizona’s space industry gathered Wednesday at the Hyatt in downtown Phoenix for the “Space Congress” event to map out how the state can become a major player in the growing commercial space economy. Brett Mecum of the Arizona Space Commission says the state is already closer than most people realize. “Arizona…»