Commercial Real Estate & Business News – January 28, 2022
Here’s How Metro Phoenix is Attracting More Venture Capital Innovation and Arizona State University (ASU) are essentially synonyms. For the seven years that U.S. News & World Report has offered an innovation category, ASU snatched No. 1 every time, outperforming other juggernauts such as Stanford University and Massachusetts Institute of Technology. One outlet…» One of […]
Commercial Real Estate & Business News – January 26, 2022
Commercial Mortgage Debt Holdings Increase The late summer months of 2021 were very active for commercial/multifamily borrowing and lending. The level of commercial/multifamily mortgage debt outstanding increased by $64.8 billion (1.6%) in the third quarter of 2021, according to the Mortgage Bankers Association’s…» Built-to-Rent Homes Expected to Hit All-Time High in 2022 In 2021, 6,740 […]
Commercial Real Estate & Business News – January 25, 2022
$1.8B Mixed-Use Project Coming to Suburban Phoenix Local officials in Tempe, Ariz., are paving the way for a major mixed-use destination, South Pier at Tempe Town Lake, to take shape in the suburban Phoenix city at a cost of $1.8 billion. The Tempe City Council introduced the project and held the first public hearing on […]
Commercial Real Estate & Business News – January 24, 2022
Prologis Tackles $26 Billion Development Pipeline as Demand and Leasing Reach Record Highs The world’s largest industrial developer and landlord is gearing up for what it expects to be another record-breaking year of demand as it begins chipping away at a $26 billion global construction pipeline. Prologis, the San Francisco-based real estate investment trust, is […]
Commercial Real Estate & Business News – January 21, 2022
Foreign Investors Bought $1.2B in Valley Office Properties in Last 3 Years Over the past three years, the Phoenix metro saw about $1.16 billion worth of foreign investment in office properties, showing a major increase in interest from international buyers in the Phoenix market. The $1.16 billion spent from foreign investors from 2019 to 2021 […]
Commercial Real Estate & Business News – January 20, 2022
ICSC: Consumer Holiday Spending on Goods, Services in Big YOY Increases Holiday 2021 was one for the record books despite slower December sales.Sales grew 17% year-over-year in November and December, according to ICSC’s 2021 Post-Holiday Survey. (The ICSC includes restaurant sales in its total.) Consumers spent an average of $1,011 during the holiday season. Fifty-percent […]