Commercial Real Estate & Business News – February 17, 2022
Commercial and Multifamily Lending to Hit Record Highs in 2022 The Mortgage Bankers Association (MBA) released its 2022 forecast for commercial multifamily mortgage borrowing and lending at the annual Commercial/Multifamily Finance Convention & Expo this week in San Diego. It is predicting mortgage borrowing and lending to…» Here’s how GPEC has Helped Metro Phoenix Economy […]
Commercial Real Estate & Business News – February 16, 2022
Former Paradise Valley Mall Project Gets a new Name and Logo as Redevelopment is Underway The redevelopment going up where Paradise Valley Mall once stood will simply be called PV. The company behind the project, Red Development, unveiled the name and a simple gray logo on Tuesday. The 43-year-old mall in northeast Phoenix was…» Venue […]
Commercial Real Estate & Business News – February 15, 2022
Multifamily Demand Normalizing, But Rents Will Still Climb Apartment demand may be normalizing, but rents are nonetheless expected to continue to climb in 2022. New research from the National Association of Realtors notes that “even if net absorption is normalizing, absorption (demand) is still outpacing deliveries (supply) across…» Phoenix Ranks No. 6 for Industrial Space […]
Commercial Real Estate & Business News – February 14, 2022
Phoenix’s Economy Added More Than 120,000 Jobs in 2021 Phoenix added 122,700 jobs over the course of 2021, according to the most recent data from the Bureau of Labor Statistics. Professional and business services was the largest contributor, with the sector growing by more than 30,000 jobs. As travel and tourism…» ‘HOLY COW, I GOT […]
Commercial Real Estate & Business News – February 11, 2022
Developers Identified for Tempe Mill Adaptive Reuse Project Tempe City Council will vote Thursday to enter into negotiations with two Valley developers about the redevelopment and adaptive reuse plans for the Hayden Flour Mill. Phoenix-based Venue Projects and…» As the Sun Belt Booms, So Do Apartment Rents Sun Belt cities have long been magnets for […]
Commercial Real Estate & Business News – February 10, 2022
The End of the Great Resignation Appears To Be in Sight Last summer, many expected that previously displaced workers would jump right back into work when enhanced and extended unemployment benefits expired. But for a handful of reasons, including fear of COVID exposure and large cushions of…» Here’s How the Fed’s Response To Inflation Could […]