Commercial Real Estate & Business News – June 9, 2023
Retail Jobs in the US Grew in May In May, the US retail trade sector added 11,600 jobs in May, up from the 10,000 added in April, when adjusted for seasonal changes. However, the US Department of Labour Statistics considers this increase as “little changed over the month” due to the modest…» Year-Over-Year Rent Growth […]
Commercial Real Estate & Business News – June 8, 2023
Economic Conditions look like ‘Soft Landing,’ not Recession, says NRF Economist Although economic indicators are giving conflicting signs, the nation does not appear to be in a recession and should be headed toward a soft landing from inflation and high-interest rates. “Today’s economy is a lot like looking into a kaleidoscope, with the…» CRE Midyear […]
Commercial Real Estate & Business News – June 6, 2023
Phoenix Named as One of Five US Workforce Hubs Focused on Manufacturing Jobs The White House has designated Phoenix as a workforce hub to help meet the demand for qualified and diverse talent in semiconductors, renewable energy and electric vehicles. Phoenix was picked as one of five hubs dedicated to building up a workforce, specifically […]
Commercial Real Estate & Business News – June 5, 2023
Phoenix Ranked 4th Best City for New College Graduates, Zillow says Phoenix was ranked as the fourth-best market for new college graduates, according to a recent Zillow study. The Valley of the Sun was able to reserve a top spot due to an abundance of job openings, cementing it as a place of opportunity for […]
Commercial Real Estate & Business News – June 2, 2023
Phoenix to get up to $60M for Giving up Colorado River Water The Phoenix City Council unanimously approved a plan Wednesday to give up a share of its Colorado River allocation in exchange for money. “This agreement with the Bureau of Reclamation gives us a fantastic opportunity to not only reduce our Colorado River water…» […]
Commercial Real Estate & Business News – June 1, 2023
NHL Expansion Fees could Save Arizona Coyotes from Relocation The NHL has long supported the Arizona Coyotes in Arizona, but worries about the team’s long-term future in the state took another big hit when Tempe voters rejected a new arena for the team last week. One writer recently shed some light on a reason why…» […]