Commercial Real Estate & Business News – January 11, 2023
Nevada Developer Begins Phoenix Project as Industrial Construction Keeps Booming in Region A Las Vegas developer that has been active across greater Phoenix in recent months plans an industrial park in the West Valley as construction stays brisk in the region despite a national pullback by industrial developers…» How the Pandemic Pushed a Washington Toymaker […]
Commercial Real Estate & Business News – January 10, 2023
Mall Landlord Macerich Is Finishing Up Nearly $1.4 Billion in Refinancings Retail landlord Macerich has closed on or is in the process of refinancing or securing loan extensions just shy of $1.4 billion for four of its malls and shopping centers. The Santa Monica, California-based real estate investment trust said Monday it had…» Global Firm […]
Commercial Real Estate & Business News – January 9, 2023
Scottsdale Developer Rolls out Plans for $3.6B Master-Planned Community Scottsdale-based El Dorado Holdings Inc. has plopped down $82.7 million for 4,150 acres of vacant land at a time when the economy has caused land deals to come to a screeching halt. Plans call for developing a master-planned community that will…» Slowing Rent Growth Pressuring Apartment […]
Commercial Real Estate & Business News – January 6, 2023
Here is Arizona’s Economic Outlook for 2023 Merriam-Webster’s 2022 word of the year was gaslighting — a form of deceit where someone is manipulated into questioning the validity of their own reasoning — but there was a well-known noun burning in the minds of many last year: inflation …» Shrinking Household Formation Growth Hits Apartment Rents […]
Commercial Real Estate & Business News – January 5, 2023
National Real Estate Firm HCW Buys Sixth Hotel in Phoenix Region Real estate development and management company HCW bought its sixth hotel in greater Phoenix, paying about $20 million for a Hyatt Place property in Gilbert. HCW, based in Branson, Missouri, paid $153,346 per room to buy the…» Phoenix Led the Nation in Inflation in […]
Commercial Real Estate & Business News – January 4, 2023
Mortgage Rates Rise Again and One Expert Thinks That’ll Continue What a difference a week makes when it comes to the 30-year fixed rate mortgage, which rose for the first time since mid-November, hitting 6.42% for the week ending Dec. 29. However, homebuyers, sellers, and housing analysts are more interested in…» CRE Predictions For 2023: […]