Commercial Real Estate & Business News – October 28, 2022
U.S. GDP Accelerated at 2.6% Pace in Q3, Better Than Expected as Growth Turns Positive The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday. GDP, a sum of all the goods and services produced from […]
Commercial Real Estate & Business News – October 27, 2022
50 Projects to Know in Commercial Real Estate for 2023 The 2023 edition of People & Projects to Know (PTK) in Commercial Real Estate is one of our most exciting and dynamic editions yet! The team at AZ Big Media received an overwhelming number of nominations — for people and projects — but the editorial […]
Commercial Real Estate & Business News – October 26, 2022
Project Near Fashion Center Would Bring 529 New Apartments Developers have big plans for a big hole in the ground on 3.73 acres of prime real estate near the intersection of Scottsdale and Camelback roads, next to the Arizona Canal and the Scottsdale Fashion Square. After sitting fallow for years, the site is on course […]
Commercial Real Estate & Business News – October 25, 2022
Multifamily Fundamentals Are Still Fairly Strong, Say Panelists LOS ANGELES—The GlobeSt. Multifamily national conference kicked off this morning with a state of industry panel that brought together the most influential dealmakers in the U.S. multifamily real estate market. The panelists discussed key trends, major market shifts, the impacts of inflation on…» Phoenix Industrial Market Stays […]
Commercial Real Estate & Business News – October 24, 2022
NAIOP Sentiment Index Points to Expectations of Challenging Conditions for Next 12 Months The latest NAIOP CRE Sentiment Index is down from spring 2022, suggesting that respondents expect unfavorable conditions for commercial real estate over the next 12 months. Currently the index stands at 47, compared to 52 in April, 56 a year ago and […]
Commercial Real Estate & Business News – October 21, 2022
Design Board Approves Proposed Restaurant-Bar The Scottsdale Design Review Board has recommended council approval of what the owner says will be a five-star restaurant called the Fiesta in Scottsdale’s entertainment district near Camelback Road and N. 73rd Street. The Fiesta, also known as…» Lou Malnati’s Pizzeria, Other Favorite Eateries to Open New Valley Locations; More […]