Commercial Real Estate & Business News – June 18, 2024
Economic Commentary: Consumer Spending Drives Retail Price Cuts While many eyes have been on the (perhaps unsurprising) news that the Federal Open Market Committee opted to keep its current interest rate as is, other economic indicators have been pointing to a “slow start to the beginning of the second quarter,” said John Beuerlein, Chief Economist of…» […]
Commercial Real Estate & Business News – June 17, 2024
4 Valley cities rank among 50 safest and most affordable U.S. cities Gilbert ranks as the third best city to live in for safety and affordability in the U.S., according to a new study that looked at the safest and most affordable U.S. cities. Surprise ranked No. 25 on the list, Chandler was No. 34 […]
Commercial Real Estate & Business News – June 14, 2024
Former DEA HQ Becomes Alloy Midtown in Office-To-Apartment Conversion Phoenix’s Office of Heat Response and Mitigation has released the first draft of the city’s shade plan with a focus on certain communities. Wealthier neighborhoods, especially in central and east Phoenix, have a higher percentage of tree canopy coverage compared to lower-income areas …» Younan Properties Acquires […]
Commercial Real Estate & Business News – June 13, 2024
Former DEA HQ Becomes Alloy Midtown in Office-To-Apartment Conversion Soltrust Residential REIT (Formerly Blueprint Capital REIT), an innovative REIT specializing in development of infill, build-to-rent, and value-add apartments, created Alloy Midtown to live up to its name. Alloy is a combination of metals blended into one that creates a stronger…» FrameTec Gets Approval For New […]
Commercial Real Estate & Business News – June 11, 2024
Multifamily Feels Pressure on Loans and Increased Inventory To understand the concerns over multifamily, all it takes is a stroll through the numbers in Newmark’s 2024 Q1 United States Multifamily Capital Markets Report. Inventories and operating costs are up, rent growth is negative, and $669 billion in loans, many “in a very different…» Bank of […]
Commercial Real Estate & Business News – June 7, 2024
Creation to Break Ground on $120 Million The Switchyard Mixed-Use Development in Suburban Phoenix Queen Creek, Ariz. — Development firm Creation is set to break ground on The Switchyard, a $120 million mixed-use development located at the northeast corner of Ellsworth and Ocotillo roads in the Phoenix suburb of Queen Creek. Plans for the 10-acre […]