June 5, 2022

Tempe will begin formal talks with the Arizona Coyotes to build a new arena and entertainment district in the city after a 5-2 vote by the city council on Thursday, a move that sets the nearly

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June 3, 2022

On the Friday and Saturday of Memorial Day weekend, the U.S. hotel industry sold more room nights this year than in any prior year, despite not setting a record for occupancy. Weekend room demand was also the highest it has been all year.

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June 2, 2022

Apartment rents have surpassed pre-pandemic levels in many cities across the US, pushing investment sales numbers in the segment to historic highs. And they are expected to

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A company that manufactures equipment used to build semiconductors has leased space in Chandler for an office and manufacturing space. Fremont, California-based Yield Engineering Systems – but known by

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Shea Homes, winner of the MAME Builder of the Year award three consecutive years beginning in 2019, announced five major land acquisitions in the first five months of 2022. The acquisitions crisscross the

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A historic building in downtown Phoenix will see a second life as a luxury hotel and condominiums managed by Fairmont Hotels and Resorts. The development will be co-owned by the

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Local multifamily investor Rise48 Equity made its two highest-priced purchases on record, adding to a Phoenix-area buying spree that has reached nearly a dozen apartment deals this year, including

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June 1, 2022

PHOENIX, June 1, 2022 /PRNewswire/ — Thompson Thrift Commercial, a wholly-owned company of Indianapolis-based Thompson Thrift, announced today the sale of Sonoran Creek Marketplace, a

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Companies seeking Class A office space are leading a stabilization of the commercial office market after the shock of the pandemic, according to the newest NAIOP Office Space Demand Forecast. Although the first quarter saw

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The U.S. industrial market continues to display strong fundamentals, coupled with increased consumer spending and ongoing job growth, keeping the industry resilient in the face of inflationary pressures, rising construction costs, limited availability of

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The retail recovery underway is no surprise to a top executive at JLL, who says the industry has proven its resiliency in economic turmoil, even before the business disruptions from the pandemic.

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Beginning in the fourth quarter of 2020, commercial real estate buyers and sellers moved off the sidelines and began fueling an impressive investment sales rebound as many pandemic-related lockdowns and restrictions eased or ended.

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May 31, 2022

In science and engineering it’s the difference between what calculus calls the first and second derivatives: how fast something is changing and then the shift in that rate of change. For commercial real estate properties overall, April was

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Major events have marked 2022 so far, ranging from the geopolitical (the Russia-Ukraine war), to the economic (inflation). Topping it all off are continued logistics bottlenecks caused, in part, by COVID-19 lockdowns in China. Despite this

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It’s an understatement to say that there’s a lot of uncertainty right now regarding not only the U.S. economy, but the global economy at large. As the world faces another pandemic wave and the war in Ukraine creates

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The month of April brought no change to Phoenix’s office vacancy rate, CommercialEdge data shows. The metro’s average rate remained at 15.1 percent, unchanged month-over-month and, once again, below the

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Multifamily developer 29th Street Capital bought 20 acres for a planned single-family rental project in Apache Junction, Arizona, as the firm expands its footprint in greater Phoenix with its first development project. The Chicago-based developer paid

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May 27, 2022

States in the West and South still have the nation’s fastest-growing cities, underscoring a familiar trend of the past two decades as people and companies seek out lower living costs. States including Arizona, Texas and Florida dominate the

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The markets have become “choppier and murkier” as inflation and rates rise, according to a new analysis from a trio of Cushman & Wakefield economists. “History suggests that CRE markets have been largely resilient to higher inflation and rising rate environments as long as

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Prologis has, once again, big development plans for Goodyear, Ariz., and recently received the local authorities’ support. The Goodyear city council approved the designation of the 113-acre Prologis 303 Business Park as a magnet site within the

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After a record breaking fourth quarter in 2021, the momentum continued into the first quarter of 2022 with a 45 percent year-over-year increase in U.S. commercial real estate investment volume. What has influenced these numbers and what does

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Real GDP decreased at an annual rate of 1.5% in the first quarter of 2022, according to the Commerce Department’s Bureau of Economic Analysis. The decline was steeper than the 1.3% estimated by Dow Jones. In 2021’s fourth quarter, real GDP increased

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WASHINGTON, May 27 (Reuters) – U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services, and the increase in inflation slowed, which could underpin economic growth in the second quarter amid rising

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The multifamily market had an exceptional year in 2021, exhibiting healthy fundamentals across the board. Behind the market’s unpredicted expansion was demand, with the pandemic highlighting not just the essential feature of the multifamily market, but also

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Arizona has increasingly become home to a cluster of industries that can only be described as world-changing. They are sectors that drive “sustainability,” and include electric and zero-emission vehicle manufacturing, next-generation battery technology, solar and

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