Commercial Real Estate & Business News – June 27, 2023
This Florida City Leads Nation in Retail Rent Growth As Ohio Surprises Boosted by the significant uptick in consumption resulting from strong population and employment growth, many major markets in the Sun Belt continue to see retail rents accelerating at a rapid pace, in many instances by more than twice the…» High Hopes Abound for […]
Commercial Real Estate & Business News – June 16, 2023
Fed Pauses Interest Rate Hikes, Signals Two more Increases Likely in 2023 to Fight Inflation After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signaled two more increases are likely this year as officials continue to battle high inflation. That’s more projected hikes […]
Commercial Real Estate & Business News – June 15, 2023
Google Shows Plans for $1B Mesa Data Center The city of Mesa approved zoning on the data center campus in 2019. It’s taken this long for the company to start coming forward with building design plans. The project — called “Redhawk” — is planned on more than 185 acres near the northwest corner of Sossaman…» […]
Commercial Real Estate & Business News – June 14, 2023
Navigating the Costs of Office-to-Multifamily Conversions As office-to-residential conversions become increasingly common, there are unique challenges to consider, tax codes that impact construction and an emerging policy discussion around the trend. Panelists speaking on the final day of the National Apartment…» Phoenix Firm Secures Financing, Starts Construction on New Pinal County Industrial Project Phoenix-based Kentwood […]
Commercial Real Estate & Business News – June 13, 2023
Arizona Unemployment Rate Drops to Lowest Level since 1976 The unemployment rate in Arizona has dropped to its lowest level since 1976, data shows.Arizona added 12,500 seasonally-adjusted jobs over the month in April, up from a 600 job increase in March. The state’s seasonally-adjusted unemployment rate ticked…» How Debt Costs Will Affect Industrial Demand This […]
Commercial Real Estate & Business News – June 12, 2023
Amazon Opens One of its Biggest US Facilities in East Valley Amazon.com’s newest facility in Mesa is one of the largest of its kind in the country. The Seattle-based company opened a new 1.2 million-square-foot storage and distribution center Friday at 8560 E. Elliot Road, just off the Loop 202 in Mesa. Going by the […]