Commercial Real Estate & Business News – February 10, 2023
Fed Reports Tighter Standards and Weaker Demand for CRE Loans The January 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve has the type of headline results for commercial real estate lending that you might expect: tighter standards and weaker demands across all…» So Far 2023 Is Not Shaping Up […]
Commercial Real Estate & Business News – February 9, 2023
Here is Where You Will Find Distress in Multifamily Rents may be falling but fundamentally multifamily fundamentals are very strong. Widespread distress is highly unlikely to happen; indeed forecasts for the asset class’ long-term growth are quite rosy. But for investors eager to get a cost-effective…» State Farm Mulls Real Estate Needs as US Sublease […]
Commercial Real Estate & Business News – February 8, 2023
Phoenix Claims 8th Largest Office Deal in the U.S. for 2022 at $504M When it comes to the office industry, 2022 was another entry in a series of transformative years. With work time still shared between home and the office (for most companies), the office building continued to take on the role of an…» As […]
Commercial Real Estate & Business News – February 7, 2023
City Seeks Developers for South Phoenix Property With Long History Phoenix is moving forward with a request for proposals for a city-owned, vacant lot on the south side of the city that has a long history. The economic development and equity subcommittee approved on Jan. 25 a motion that will allow the city to issue […]
Commercial Real Estate & Business News – February 6, 2023
Arizona Chamber of Commerce President says Super Bowl could bring State up to $1 Billion An Arizona business leader believes the state could bring in up to $1 billion due to the Super Bowl, a figure that would be triple the intake of the last time the game was hosted in Glendale. Danny Seiden, president […]
Commercial Real Estate & Business News – February 2, 2023
Mack Real Estate Group Proposes 1.2M-Square-Foot Scottsdale Industrial-Office park Nearly a year after acquiring a large — and expensive — site in north Scottsdale, Mack Real Estate Group filed plans to get city approval for its new development. The developer submitted an application earlier this month for the first phase of Mack Innovation Park on […]