Commercial Real Estate & Business News – December 27, 2021
Plans Unveiled for $750 Million Redevelopment of Iconic Metrocenter Mall Property in Phoenix One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partners (“TLGIP”) (collectively, the “Developer”)…» Offices Near […]
Commercial Real Estate & Business News – December 23, 2021
CoStar Predicts: Inflation To Improve, but Not as Much as the Fed Might Want Walk into any restaurant, store or gas station and you will probably find higher prices posted on menus, stickers and reader boards. Most consumers didn’t need the official announcement in early December about a 6.8% inflation rate to know that everything […]
Commercial Real Estate & Business News – December 22, 2021
Fed to Accelerate Tightening, With as Many as Three Rate Hikes in 2022 The Federal Reserve is further tightening up its pandemic-era easy money policy and will increase the pace of tapering, a move that could usher in rate hikes earlier than expected, according to a statement released at the…» California Firm Makes Arizona Debut […]
Commercial Real Estate & Business News – December 21, 2021
Partnership Between Global, Local Firms Completes First Valley Multifamily Acquisitions A global real estate firm recently partnered with a Valley company to start investing in multifamily properties across Arizona. The Canyon Catalyst Fund, which makes real estate investments on behalf of the…» Why CRE Investors Shouldn’t Be Too Focused on Interest Rates The pandemic brought […]
Commercial Real Estate & Business News – December 20, 2021
CoStar Group Plans $460 Million Campus Expansion in Richmond Commercial real estate data provider CoStar Group plans to expand its research and technology center in Richmond, Virginia, investing $460 million to build a two-building complex to create a corporate campus that’s expected to bring 2,000 new jobs to the banks of the James River. The […]
Commercial Real Estate & Business News – December 17, 2021
Fed Clears a Path for Higher Interest Rates Next Year The Federal Reserve Open Market Committee announced some significant changes in monetary policy: a faster tapering of bond purchases and the possibility of as many as three rate hikes next year. The reasons are concern about inflation, which has been more…» Mayo Clinic Buys 228 […]