Commercial Real Estate & Business News – January 13, 2023
Two CRE Signals to Watch This Year With uncertainty and market readjustments being some clear watchwords for 2023, knowing how and where to pivot becomes both necessary and challenging. A recent Hines report noted that investors, owners, and operators can’t completely rely on…» Chicago Developer Buys Land for $1 Billion Luxury Development Near Phoenix A […]
Commercial Real Estate & Business News – January 12, 2023
Bid-Ask Transaction Gap Puts Potential Pressure on Cap Rates During the fall, many sources told GlobeSt.com that the general forecast for commercial real estate was uncertainty and more than the odd person or institution holding onto unrealistic expectations. As Barry Saywitz, president of national brokerage…» Thompson Thrift Plans Luxury Apartment Development in Buckeye Thompson Thrift, […]
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 […]