Commercial Real Estate & Business News – April 5, 2023
Construction Set for New West Valley Casino Desert Diamond Casinos, the enterprise arm of the Tohono O’odham Nation, is set to begin construction this week on a new casino in the “far West Valley.” The tribe announced Monday it would be holding a private groundbreaking event on April 5th…» Are Offices Truly Worth as Little […]
Commercial Real Estate & Business News – April 4, 2023
$58B in Arizona Manufacturing Investments Among Most in Nation Arizona has attracted more than $58 billion in private investments for manufacturing since 2021, one of the highest levels in the country, according to the White House, which calls it proof that the president’s economic agenda is working…» Fire Sale of Failed Bank Assets Speeds Plunge […]
Commercial Real Estate & Business News – March 31, 2023
Despite Everything, the U.S. is Still Considered a Safe Investment The U.S. media continues putting rising interest rates and ongoing inflationary concerns in its headlines. Yet despite all of this, international institutional investors continue to view U.S. commercial real estate as “a preferred destination, relative to…» 25-Story Apartment Tower Proposed for Busy Corner of Tempe; […]
Commercial Real Estate & Business News – March 30, 2023
Phoenix Added the Third-Most New Jobs in the Country in January Phoenix started the new year off on a high note, with a net gain of 19,200 nonfarm jobs in January, according to the latest data from the Bureau of Labor Statistics. That figure represents the strongest month-over-month increase in…» NRF Forecasts Retail Sales to […]
Commercial Real Estate & Business News – March 29, 2023
High-Profile Phoenix Luxury Hotel Sells for Hefty $110 Million The Camby Hotel, located on the corner of 24th Street and Camelback Road in Phoenix, traded hands earlier this month and was one of the highest-priced hotel transactions in the past year. The property, which was known as…» First Complex to Use Affordable Housing Tax Credit […]
Commercial Real Estate & Business News – March 28, 2023
How Mortgage Rate Drop Will Impact Phoenix Housing Market The latest mortgage rate drop has enticed some previously reserved homebuyers back to the housing market. The Fed’s recent interest rate hike is also helping buyers’ long-term mortgage interest rates, with the ten-year treasury, which…» Big Step to Remove Mesa Eyesore, ‘Bad Juju’ A plan by […]