Commercial Real Estate & Business News – August 2, 2022
National Developer Plans Large Multifamily Complex in Historic Area of Phoenix A large, mid rise multifamily complex is being proposed for a long-vacant site in midtown Phoenix about a year after it was advertised as an infill development opportunity. City of Phoenix documents show that St. Louis-based Subtext Living, a developer of…» What a Recession […]
Commercial Real Estate & Business News – August 1, 2022
Retail is Making a Comeback: Here’s What Experts Say Robust job and population growth have fueled a hot real estate market in the Valley of the Sun. In-migration trends here are among the best in the United States in part due to Phoenix’s proximity to Southern California. And apartment builders have plenty of…» West Valley […]
Commercial Real Estate & Business News – July 29, 2022
Retail is Making a Comeback: Here’s What Experts Say Even before the COVID-19 public health crisis, brick and mortar retailers were facing headwinds thanks to the convenience of online shopping, with Amazon being emblematic of the supposed death knell of retail. Is the demise of in-store shopping playing out as…» Fed’s Latest Interest Rate Move […]
Commercial Real Estate & Business News – July 28, 2022
Federal Reserve Stands Firm With Another No-Nonsense Rate Hike To Tame Inflation The Federal Reserve’s policy-setting committee decided unanimously to boost its target interest rate by 75 basis points, or three-quarters of a percentage point, the second time in as many meetings it has raised rates of that magnitude, marking an…» IndiCap Brings 1.5M SF […]
Commercial Real Estate & Business News – July 27, 2022
21-Story Mixed-Use Tower Proposed for Tempe A Dallas-based developer has proposed a 21-story mixed-use tower near Tempe Town Lake.Lincoln Property Co., through its Denver office, is developer of the proposed project, dubbed Lincoln South Bank. Phoenix law firm Snell & Wilmer submitted…» Old Town Scottsdale Land Sells for $323.77 Per Square Foot Nick Miner, […]
Commercial Real Estate & Business News – July 26, 2022
California Firm Breaks Ground on Dual-Branded Marriott Hotel Project Near Phoenix A California developer started construction of a dual-flagged Marriott International property in the Phoenix suburb of Tempe. EKN Development expects to finish the 148-room Fairfield Inn and TownePlace Suites at Tempe Market Station at…» Blackstone: Slowdown of New Construction to Keep Lifting Rents […]