Commercial Real Estate & Business News – May 12, 2022
Suburban Retail Has Been Outperforming Urban Properties. Will This Trend Continue? For a little over two years now—since the start of the pandemic—suburban retail has outperformed urban retail. However, urban retail has started to recover, and industry experts are debating whether…» Big Defeat for Kohl’s Activist Investor Kohl’s has successfully fought off activist investor Macellum […]
Commercial Real Estate & Business News – May 11, 2022
Phoenix’s Population Continues To Grow at Rapid Rate Phoenix’s population grew by nearly 80,000 in 2021, or 1.6% annually, according to the latest U.S. Census Bureau data. Residents priced out of costly markets are the driving force behind this trend…» Lincoln Property Plans $515M Industrial Megaproject LPC Desert West, the Southwest arm of Dallas-based Lincoln […]
Commercial Real Estate & Business News – May 10, 2022
Arizona Economic Developers Optimistic About Growth Opportunities The Arizona Association for Economic Development announced the results of its State of Arizona Economic Development survey at its recent spring conference. AAED surveyed its membership of more than…» Real Estate Company Acquires 140 Acres Near Luke Air Force Base PHOENIX — A real estate company completed the purchase […]
Commercial Real Estate & Business News – May 9, 2022
‘ENDLESS DEMAND’ Demand for luxury homes skyrocketed during the Covid-19 pandemic, leaving few empty lots for homebuilders who want to capitalize on the hot market in the Valley’s wealthiest ZIP code. That ZIP code — 85253 — primarily makes up…» CRE Can Withstand A Higher Rate Environment. Here’s Why Fed Chairman Jerome Powell has apparently […]
Commercial Real Estate & Business News – May 6, 2022
Apartment Rents Continued to Rise in April Rent growth is continuing to pick up steam again, after a brief winter cool down. Apartment List’s national index showed rents were up by 0.9 percent in April. During the first four months of 2022, rents have increased by a total of just…» Phoenix Slated for More Population […]
Commercial Real Estate & Business News – May 5, 2022
Amazon Says it Has Too Much Warehouse Space. What’s That Mean for the Broader Industrial Market? Amazon.com Inc., the undisputed king of the U.S. industrial market since well before the Covid-19 pandemic, may finally have reached max capacity on warehouse and fulfillment space Executives at the Seattle-based e-commerce giant in its…» Lincoln Property Co. Buys […]