Commercial Real Estate & Business News – April 10, 2024
Multifamily Rent Growth Forecast Gets an Update Strengthening job growth data from Q4 2023, shifts in GDP forecasts and retail sales, and the imminent action of the Federal Reserve has RealPage updating its effective rent growth forecasts for major markets, including 12% of the top 50 to rise by 3% or higher this year. Most…» […]
Commercial Real Estate & Business News – April 9, 2024
TSMC Plans Third Fab in Phoenix, Increases Investment to $65 Billion On April 8, the Biden-Harris Administration announced that the U.S. Department of Commerce and Taiwan Semiconductor Manufacturing Company (TSMC) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.6 billion in direct funding under…» More Catholic Charities Affordable Housing Coming […]
Commercial Real Estate & Business News – April 8, 2024
Markets Wonder If There Will Be Only Two Rate Cuts This Year At the Federal Reserve, representatives say one thing and another. But the loudest voice is data, and it’s currently murmuring that rate cuts will be a long way off — and possibly not be the three reductions the Fed is currently promising. The […]
Commercial Real Estate & Business News – April 5, 2024
Consumers Continue To Carry the Economy Economic growth in the first quarter of 2024 appears to be on a rosy trajectory. Multiple reports show that consumers continue to carry the economy by spending freely despite still-elevated inflation and debt levels ticking higher. Growth in the 2% to 2.5% range for the…» Why It’s So Expensive […]
Commercial Real Estate & Business News – April 3, 2024
Scottsdale 101 Shopping Center Land Set for Auction to Highest Bidder The Scottsdale 101 shopping center, or rather the land on which the center was built, is heading for the auction block in June. The Arizona Land Department published an auction notice on March 21 that the 75 acres on the southwest corner of Scottsdale […]
Commercial Real Estate & Business News – April 2, 2024
With Arizona Layoffs Slowing, State’s Economic Outlook is Solid, Experts Say Arizona’s job market has been solid lately, and it’s showing up in fewer layoffs. Both the number and magnitude of major layoff announcements declined sharply in the first quarter of 2024 compared with the same three months of 2023. Some 21 employers reported layoffs […]