Commercial Real Estate & Business News – March 1, 2023
Amount of Maturing Hotel CMBS Loans Balloons This Year After Getting Extensions Hotel loans that have been packaged as commercial mortgage-backed securities, or CMBS, typically give borrowers the option to extend the loan beyond the stipulated due date by an additional year or two. Facing the suddenly elevated interest rate…» Experts Keep Guessing at When […]
Commercial Real Estate & Business News – February 28, 2023
Arizona is No. 2 State for Commercial Real Estate Development When it comes to commercial real estate development, Arizona is the second highest ranking state in the U.S. for overall contributions of real estate to state GDP of $91.3 billion, $41.2 billion in direct spending, $37 billion in personal earnings, and…» Pei Wei Fast-Casual Eatery […]
Commercial Real Estate & Business News – February 27, 2023
Arizona 2022-2024 Projected Employment Report Total Employment Projected to Grow 1.4% Annually, Led by Manufacturing FIND THE COMPLETE ARTICLE HERE…» How Arizona Is Positioning Itself for $52 Billion to the Chips Industry WASHINGTON — In recent weeks, Gina Raimondo, the commerce secretary, has talked with Sen. Mark Kelly of Arizona, spent time with the president […]
Commercial Real Estate & Business News – February 24, 2023
Phoenix Home Prices Holding Steady After Months of Decline The average home price in the Phoenix metro remained flat between December and January after about six months of declines, according to Redfin data. Why it matters: Any relief from the sky-high home prices we saw a year ago is welcome, especially…» Target to Invest $100 […]
Commercial Real Estate & Business News – February 22, 2023
Creation Equity Plans $60 Million Industrial Project in Scottsdale Fresh off acquiring the ground lease to 18 acres of Scottsdale Airpark land, Creation Equity is ready to build what it thinks will be a coveted industrial center. The Phoenix developer is planning an industrial project called…» Phoenix Suburb Lands Major EV Battery Plant Ecobat, reportedly […]
Commercial Real Estate & Business News – February 21, 2023
Commercial Real Estate Executives Are Optimistic About Future Market Conditions The Real Estate Roundtable’s Q1 Economic Sentiment Index reports that commercial real estate executives, while optimistic about the future, remain uncertain about current market conditions, citing inflation, rising interest rates, and…» Hotel Sales Get 2023 Off to a Strong Start with Pricing Records Following a […]