Commercial Real Estate & Business News – January 12, 2024
Maturing Loans Will Bring More Clarity to Capital Markets Even the experts appear reluctant to predict what 2024 holds for the commercial and multifamily mortgage markets, though they hope the year will bring more clarity. The just-released Mortgage Bankers Association’s 2024 Commercial Real Estate Finance Outlook Survey…» Once Highest, now near Lowest in the Nation. […]
Commercial Real Estate & Business News – January 11, 2024
Investment Sales Will Reach Pre-Pandemic Levels This Year After a more-than-sluggish 2023 when it comes to commercial real deals, Marcus & Millichap sees a revival in 2024, according to John Chang, its National Director of Research and Advisory Services. Leading the revival is that the industry is resilient, interest rates have started to…» Labor Market […]
Commercial Real Estate & Business News – January 10, 2024
Phoenix Ranked No. 1 in Nation for Manufacturing Growth, Report says Phoenix is the top market for manufacturing growth thanks to at least 14 major announcements that have been made in the region since 2020. Metro Phoenix was ranked No. 1 out of the 15 top growth markets for largest projected job gains by global […]
Commercial Real Estate & Business News – January 9, 2024
2023 in Review: The Future is Arizona In 2023, Arizona continued to attract record investments as high-tech industries surged. In short: The future is Arizona. The year also saw major wins for workforce development, infrastructure improvements, startup collaborations, supply chain enhancements, rural business expansions and…» Apartment Supply to Thin Out Dramatically After This Year It […]
Commercial Real Estate & Business News – January 8, 2024
What To Watch in 2024: Industrial Vacancy Rates Could Hinge on the Pace of Construction Many U.S. industrial properties began 2023 in a well-leased position and remained that way throughout the year. Even property owners with leases that were expiring were, in most cases, able to renew those leases, often at rents that were more […]
Commercial Real Estate & Business News – January 5, 2024
Controversial Development Near Steele Indian School Park Gets Phoenix City Council Approval A plan to develop a long-vacant lot adjacent to Steele Indian School Park was unanimously approved by the Phoenix City Council on Wednesday, despite some opposition from neighbors who claimed a previous version of the project was preferable. The development, called…» A 120-Year […]