Commercial Real Estate & Business News – November 28, 2022
Developer Plans Suburban Phoenix Retail, Entertainment Project A local development firm plans to build a major retail and entertainment project near the Talking Stick Resort & Casino in Scottsdale near Phoenix. Caliber Cos., based in Scottsdale, plans to build a mixed-use center with entertainment, retail, restaurants, hotels and…» Multiple Commercial Projects Moving Forward in These […]
Commercial Real Estate & Business News – November 23, 2022
Why the US is Expected to Escape Recession in 2023 The U.S. will probably stick a soft landing next year: the world’s largest economy is forecast too narrowly avoid a recession as inflation fades and unemployment nudges up slightly, according to Goldman Sachs Research. Our economists say there’s a…» Here’s What Experts Predict for Arizona […]
Commercial Real Estate & Business News – November 22, 2022
Tempe Releases Full Details of Proposed Coyotes’ Arena Development Agreement Over the next two weeks, Tempe City Council will consider a development agreement with the Arizona Coyotes to build an arena and entertainment district on the northeast corner of Rio Salado Parkway and Priest Road, but according to public documents, the…» Caliber Will Develop 100-Acre […]
Commercial Real Estate & Business News – November 21, 2022
Producer Price Index Posts Modest Increase, Hinting at Downward Trend for Inflation The producer price index (PPI) increased by a seasonally adjusted 0.2% in October, the Bureau of Labor Statistics said Tuesday. The 0.2% rise, a smaller increase than Wall Street analysts expected, followed last week’s report of a monthly increase in the…» Construction Starts […]
Commercial Real Estate & Business News – November 18, 2022
Mortgage Demand Rose on the Back of Slower Inflation Growth Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of…» Developers Get Final Approval Needed to Redevelop Metrocenter Mall in […]
Commercial Real Estate & Business News – November 17, 2022
Here’s The Arizona Economic Development Forecast for 2023 As 2022 winds down, the Arizona economic development sector has much to celebrate in the way of wins. According to the Arizona Commerce Authority (ACA), the state ranked No. 3 for economic outlook — a 10-spot jump from No. 13 the prior year. With…» Multifamily Rent Growth […]