Commercial Real Estate & Business News – January 5, 2023
National Real Estate Firm HCW Buys Sixth Hotel in Phoenix Region Real estate development and management company HCW bought its sixth hotel in greater Phoenix, paying about $20 million for a Hyatt Place property in Gilbert. HCW, based in Branson, Missouri, paid $153,346 per room to buy the…» Phoenix Led the Nation in Inflation in […]
Commercial Real Estate & Business News – January 4, 2023
Mortgage Rates Rise Again and One Expert Thinks That’ll Continue What a difference a week makes when it comes to the 30-year fixed rate mortgage, which rose for the first time since mid-November, hitting 6.42% for the week ending Dec. 29. However, homebuyers, sellers, and housing analysts are more interested in…» CRE Predictions For 2023: […]
Commercial Real Estate & Business News – January 3, 2023
Best Arizona Real Estate Opportunities for EB5 Investors Are you looking for the best real estate opportunities in Arizona for EB5 investors? Arizona’s low taxes and high appreciation rates make it an attractive destination for real estate investments. Phoenix, in particular, is an excellent market for EB-5 investors…» Workspace Pays $170M for 1 MSF Suburban […]
Commercial Real Estate & Business News – December 23, 2022
Here’s why Arizona Economy is Forecast to Outperform U.S. Shifting economic winds are buffeting the Arizona economy. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a mountain of open jobs. Retail sales have slowed but remain surprisingly resilient …» Why Fed’s Rate Changes Are Always Measured in Quarters […]
Commercial Real Estate & Business News – December 22, 2022
Big Tech Wants to Crack Down on Remote Employees It wasn’t long ago — February 2021, in fact — that Brent Hyder, president and chief people officer at Salesforce declared, “An immersive workspace is no longer limited to a desk in our Towers; the 9-to-5 workday is dead; and the employee experience is…» Liv+ Union […]
Commercial Real Estate & Business News – December 21, 2022
Third-Party Logistics Company Signs 1 Million-Square-Foot Lease in Phoenix Metro Erie, Pennsylvania-based Logistics Plus Inc. has secured a 1.1 million-square-foot lease for a new industrial building in the Phoenix metro, which will serve as the company’s largest warehouse globally. Located along the fast-growing Loop 303 corridor, the…» OpenTable Names 5 Arizona Restaurants to Top 100 […]