Commercial Real Estate & Business News – February 20, 2025
How Phoenix inflation compares with other U.S. cities With the year-over-year inflation rate at 3% in January, the personal-finance website WalletHub today released its updated report on the Changes in Inflation by City and found that Phoenix is the city with the second-lowest inflation problem in the U.S. The U.S. inflation rate hit a 40-year…» […]
Commercial Real Estate & Business News – February 19, 2025
CMBS Issuance Headed For A Record Year After Skyrocketing In 2024 CMBS lending is on pace to hit a post-Great Recession record for new issuance. CMBS issuance grew every quarter in 2024 and ended the year at roughly $115B in raised capital, 150% ahead of 2023, according to Kroll Bond Rating Agency. Activity picked up […]
Commercial Real Estate & Business News – February 18, 2025
Electric vehicle company Lucid Motors works to expand, grow in Casa Grande Lucid Motors’ forthcoming luxury electric SUV Gravity on display outside the Michigan State Capitol on Tuesday, Feb. 27, 2024, in Lansing. The California-based EV manufacturer anticipates opening an employment hub in Michigan creating more than 250 jobs…» Phoenix is aiming to build 2 […]
Commercial Real Estate & Business News – February 14, 2025
NRF: Retail sales fall in January, but show strong year-over-year gains Consumers pulled back on spending in January after a stronger-than-expected holiday season. Core retail sales — excluding restaurants, automobiles and gasoline — were down 1.27% month-over-month in January, but up 5.72% year-over-year, according to the CNBC/NRF Retail Monitor, released…» US retail spending slows but […]
Commercial Real Estate & Business News – February 13, 2025
CRE Lending Rises as Capital Comes Off the Sidelines CBRE has a new report on commercial lending momentum. With an eye to classic movies, it might as well have been called, “I’m going to make him an offer he can’t refuse.” This is a moment many in CRE have waited for over the last few […]
Commercial Real Estate & Business News – February 11, 2025
Arizona’s economy: Headed into uncharted waters Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in the preliminary data and may be growing even faster than the data…» 9 Arizona cities rank as best places […]