Commercial Real Estate & Business News – November 10, 2022
Chip-Making Juggernaut TSMC Eyes Multibillion-Dollar Arizona Factory Expansion Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is preparing another multibillion-dollar factory investment in Arizona, people familiar with the plans said. TSMC TSM -0.03%decrease; red down pointing triangle plans in the coming months to…» Why Development of Medical Office Buildings is Booming Maricopa County, […]
Commercial Real Estate & Business News – November 9, 2022
Newly Formed Scottsdale Real Estate Firm Enters Industrial Market With Big Valley Projects A new developer is planning to build one of its first industrial projects in Arizona with a massive park proposed for a new industrial corridor in the Valley. The new industrial and technology facility will total 1.7 million square feet across…» Housing […]
Commercial Real Estate & Business News – November 8, 2022
Third Quarter Sales Highlight Strong Appeal of Southern States for Hotel Investors The ongoing recovery in hotel performance metrics continues to attract buyers and spur deals, albeit at a slower pace than last year. More than 1,700 properties changed hands for a total deal volume of under $11 billion in the third quarter, well below […]
Commercial Real Estate & Business News – November 7, 2022
Multifamily Cap Rates Still Just Below 4% of 2021 NOI Apparently while interest rates have managed to move faster than cap rates. Trepp did a recent series of multifamily sales. The implied cap rates “continued to hover at just under 4% of 2021” in September. “Since the run-up in interest rates over the last six […]
Commercial Real Estate & Business News – November 4, 2022
Tempe Parking Lot to be Turned Into 129 Apartments With Affordable Rent An apartment project the developer hopes will become a model for urban, attainably priced housing around the country will begin construction in Tempe soon and will include redeveloping an office parking lot into a 129-unit apartment complex. The project, called…» Phoenix Metro Falls to […]
Commercial Real Estate & Business News – November 3, 2022
Report: Third of CMBS Showed Negative Leverage in Q3 A new report from Moody’s Analytics CRE signals an ominous inflection point for commercial real estate: nearly a third of new CMBS issuance was afflicted with negative leverage in the third quarter as interest rates surged. According to Moody’s, about…» Phoenix Industrial Market Posting Robust Demand, […]