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Commercial Real Estate & Business News – June 20, 2024

Multifamily Investment Market Shows Improvement Conditions in the multifamily investment market have improved, driven by a steep contraction in property prices and growth in net operating income (NOI) that together offset the effect of higher mortgage rates. The effect was to boost Freddie Mac's … [Read more...] about Commercial Real Estate & Business News – June 20, 2024

Commercial Real Estate & Business News – June 19, 2024

Construction Begins on Shorehaven, 1st Phase of $1.8 Billion South Pier Project Construction has launched on Lot 6, known as Shorehaven, the first phase of the $1.8 billion mixed-use South Pier master planned development on the southern shore of Tempe Town Lake, one of Arizona’s top tourist … [Read more...] about Commercial Real Estate & Business News – June 19, 2024

Commercial Real Estate & Business News – June 18, 2024

Economic Commentary: Consumer Spending Drives Retail Price Cuts While many eyes have been on the (perhaps unsurprising) news that the Federal Open Market Committee opted to keep its current interest rate as is, other economic indicators have been pointing to a “slow start to the beginning of the … [Read more...] about Commercial Real Estate & Business News – June 18, 2024

Commercial Real Estate & Business News – June 17, 2024

4 Valley cities rank among 50 safest and most affordable U.S. cities Gilbert ranks as the third best city to live in for safety and affordability in the U.S., according to a new study that looked at the safest and most affordable U.S. cities. Surprise ranked No. 25 on the list, Chandler was No. … [Read more...] about Commercial Real Estate & Business News – June 17, 2024

Commercial Real Estate & Business News – June 14, 2024

Former DEA HQ Becomes Alloy Midtown in Office-To-Apartment Conversion Phoenix’s Office of Heat Response and Mitigation has released the first draft of the city’s shade plan with a focus on certain communities. Wealthier neighborhoods, especially in central and east Phoenix, have a higher … [Read more...] about Commercial Real Estate & Business News – June 14, 2024

Commercial Real Estate & Business News – June 13, 2024

Former DEA HQ Becomes Alloy Midtown in Office-To-Apartment Conversion Soltrust Residential REIT (Formerly Blueprint Capital REIT), an innovative REIT specializing in development of infill, build-to-rent, and value-add apartments, created Alloy Midtown to live up to its name. Alloy is a … [Read more...] about Commercial Real Estate & Business News – June 13, 2024