Commercial Real Estate & Business News – June 19, 2024
Construction Begins on Shorehaven, 1st Phase of $1.8 Billion South Pier Project Construction has launched on Lot 6, known as Shorehaven, the first phase of the $1.8 billion mixed-use South Pier master planned development on the southern shore of Tempe Town Lake, one of Arizona’s top tourist destinations. Located at 1306 East Vista Del Lago Dr, […]
Commercial Real Estate & Business News – June 18, 2024
Economic Commentary: Consumer Spending Drives Retail Price Cuts While many eyes have been on the (perhaps unsurprising) news that the Federal Open Market Committee opted to keep its current interest rate as is, other economic indicators have been pointing to a “slow start to the beginning of the second quarter,” said John Beuerlein, Chief Economist of…» […]
Commercial Real Estate & Business News – June 17, 2024
4 Valley cities rank among 50 safest and most affordable U.S. cities Gilbert ranks as the third best city to live in for safety and affordability in the U.S., according to a new study that looked at the safest and most affordable U.S. cities. Surprise ranked No. 25 on the list, Chandler was No. 34 […]
Commercial Real Estate & Business News – June 14, 2024
Former DEA HQ Becomes Alloy Midtown in Office-To-Apartment Conversion Phoenix’s Office of Heat Response and Mitigation has released the first draft of the city’s shade plan with a focus on certain communities. Wealthier neighborhoods, especially in central and east Phoenix, have a higher percentage of tree canopy coverage compared to lower-income areas …» Younan Properties Acquires […]
Commercial Real Estate & Business News – June 13, 2024
Former DEA HQ Becomes Alloy Midtown in Office-To-Apartment Conversion Soltrust Residential REIT (Formerly Blueprint Capital REIT), an innovative REIT specializing in development of infill, build-to-rent, and value-add apartments, created Alloy Midtown to live up to its name. Alloy is a combination of metals blended into one that creates a stronger…» FrameTec Gets Approval For New […]
Commercial Real Estate & Business News – June 11, 2024
Multifamily Feels Pressure on Loans and Increased Inventory To understand the concerns over multifamily, all it takes is a stroll through the numbers in Newmark’s 2024 Q1 United States Multifamily Capital Markets Report. Inventories and operating costs are up, rent growth is negative, and $669 billion in loans, many “in a very different…» Bank of […]