Commercial Real Estate & Business News – April 30, 2024
mazon Drives Industrial Leasing in Phoenix The Phoenix industrial market got off to a strong start for 2024, with net absorption surging to 4.5M SF in the first quarter, nearly double the amount in the previous quarter. Leasing activity in the Phoenix metro totaled 9.3M SF, much of it driven by Amazon, which inked three…» […]
Commercial Real Estate & Business News – April 29, 2024
Retail, Hotel Projects Clear Checkpoints at Mesa’s Planning & Zoning Commission A new commercial retail center could rise in an emerging Mesa corridor. Mesa’s Planning and Zoning Commission on April 24 approved several new projects, including a proposal to transform a 12-acre preliminary plat into a retail center. Dubbed “Avalon Ranch,” the seven-lot…» Crafts Retailer […]
Commercial Real Estate & Business News – April 26, 2024
GDP Growth Slows But Doesn’t Shrink The advance estimate of GDP for the first quarter was an annual rate of 1.4%. That there would be a drop from the 3.4% rate in the fourth quarter of 2023 was widely expected. The details of what moved and how are important. But first, recognize that this was […]
Commercial Real Estate & Business News – April 25, 2024
Rates Take a Turn for the Worse in an Already Weak Housing Market With the spring home-buying season now upon us, potential home buyers are facing difficult choices as they watch already-high mortgage rates and home prices climb further, and a portion are opting to stay on the sidelines until buying conditions improve. The Mortgage…» […]
Commercial Real Estate & Business News – April 24, 2024
Scottsdale Developer to Bring 1,000 Build-To-Rent Units to Metro Phoenix Scottsdale-based Modus Cos. is going big in the build-to-rent space, to the tune of $425 million. The apartment developer is preparing to break ground on 1,030 build-to-rent units across the metro. High mortgage interest rates and a housing shortage are driving more people to…» Triple-Net […]
Commercial Real Estate & Business News – April 23, 2024
U.S. CRE Price Declines Continue Deceleration in March The pace of decline in U.S. commercial real estate prices decelerated in March for the eighth month in a row, led by improvements for industrial sector, MSCI Real Assets said Thursday. The RCA CPP National All-Property Index fell 3.0% from a year ago and 0.2% from February…» […]