Commercial Real Estate & Business News – February 18, 2025
Electric vehicle company Lucid Motors works to expand, grow in Casa Grande Lucid Motors’ forthcoming luxury electric SUV Gravity on display outside the Michigan State Capitol on Tuesday, Feb. 27, 2024, in Lansing. The California-based EV manufacturer anticipates opening an employment hub in Michigan creating more than 250 jobs…» Phoenix is aiming to build 2 […]
Commercial Real Estate & Business News – February 14, 2025
NRF: Retail sales fall in January, but show strong year-over-year gains Consumers pulled back on spending in January after a stronger-than-expected holiday season. Core retail sales — excluding restaurants, automobiles and gasoline — were down 1.27% month-over-month in January, but up 5.72% year-over-year, according to the CNBC/NRF Retail Monitor, released…» US retail spending slows but […]
Commercial Real Estate & Business News – February 13, 2025
CRE Lending Rises as Capital Comes Off the Sidelines CBRE has a new report on commercial lending momentum. With an eye to classic movies, it might as well have been called, “I’m going to make him an offer he can’t refuse.” This is a moment many in CRE have waited for over the last few […]
Commercial Real Estate & Business News – February 11, 2025
Arizona’s economy: Headed into uncharted waters Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in the preliminary data and may be growing even faster than the data…» 9 Arizona cities rank as best places […]
Commercial Real Estate & Business News – February 10, 2025
Phoenix wants to redevelop downtown garage into hotel The city of Phoenix wants to partner with a real estate developer to turn a large downtown parking garage into a new hotel. It’s planning to issue a request for proposal to redevelop the Regency parking garage located on Adams and 2nd streets next to the Hyatt […]
Commercial Real Estate & Business News – February 7, 2025
The 10 biggest Metro Phoenix real estate deals in January Here are the 10 biggest deals in Metro Phoenix commercial real estate from January of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine. 1. Town Deer Valley Apartments. Price: $131,100,000. Sector: Multifamily…» Behind the deal: What the […]