No, it doesn’t signal an end of the Treasury yield curve inversion, whether 10-year to 2-year, 10-year to 3-month, or any other variation you’d like to suggest. So, no, there isn’t a sudden end to that traditional sign of an upcoming recession. However, yields on
A dream more than 10 years in the making for a Valley biotech innovation hub is finally coming to fruition. Mayo Clinic has submitted its zoning application with the city of Phoenix to develop Discovery Oasis, a 120-acre medical and
LaSalle Investment Management, an independent subsidiary of JLL, bought a 240-unit apartment complex near Chandler as out-of-state investors keep snapping up multifamily properties in greater Phoenix. LaSalle paid
The rising cost of capital has stalled most commercial real estate development in 2023. Unless projects were already underway or financing had been secured, there will be few projects started, according to John Chang, senior vice president of
If you’ve recently searched for a rental and got the feeling that new apartments are getting tinier, you got it right. According to our new analysis, the average size of newly built apartments has decreased by 54 square feet – from
The Valley was one of the most resilient areas nationwide during the pandemic, a new report by the Brookings Institution shows. Brookings on Feb. 28 released its Metro Monitor 2023, a report that offers a comprehensive look of
February marked a return to positive rent growth – albeit by just 0.3 percent nationally – after five straight month-over-month declines, according to the March 2023 Rent Report from Apartment List. Despite that minor milestone, for
Two out-of-state developers plan to build nearly 2,000 build-to-rent units across metro Phoenix — bringing a unique approach to the wildly popular niche that originated in Arizona and is taking the country by storm.
On Monday night, the Goodyear City Council took the next steps to make its future downtown a reality. The council unanimously approved the agreement between key partners of GSQ – the future downtown of Goodyear – and also
The mortgage industry has been on a roller coaster ride this year due to a resilient economy. In the span of a month, mortgage rates shot up near 7% after dropping to the low 6%-levels. “The economy continues to show strength, and
After historical performance, it’s tough to top yourself. Multifamily has faced that challenge, according to Marcus & Millichap’s 2023 Multifamily National Investment Forecast. How do you beat the performance that multifamily established
Hotel loans that have been packaged as commercial mortgage-backed securities, or CMBS, typically give borrowers the option to extend the loan beyond the stipulated due date by an additional year or two. Facing the suddenly elevated interest rate
Experts are at odds over when a recession might occur. On the whole, they’re expecting one. But timing is the question. Well, one of many, to be accurate. ‘The National Association for Business Economics (NABE) recently released
As much as 1.4 billion square feet of U.S. office space could become functionally obsolete by the end of the decade. That’s according to a new analysis by Cushman & Wakefield PLC (NYSE: CWK), which examined which categories of
Development of industrial and warehouse construction projects accounted for a major part of commercial real estate expenditures nationwide in 2022. With the Phoenix metro being one of the fastest-growing industrial markets in the country,
“The world has changed and so has the world of development,” says Charley Freericks, senior vice president of Catellus Development Corporation. “Three years of living with COVID-19 has created new economic pressures, social inequities and a
When it comes to commercial real estate development, Arizona is the second highest ranking state in the U.S. for overall contributions of real estate to state GDP of $91.3 billion, $41.2 billion in direct spending, $37 billion in personal earnings, and
Pei Wei Asian Kitchen, a fast-casual restaurant chain that once was headquartered in Scottsdale, has plans to open several new locations around the Valley in 2023. The company, which is now based in Dallas after separating from
Ideally located near the Scottsdale Quarter, San Bellara takes traditional apartment living to the next level. Mark-Taylor Residential, Arizona’s leading developer, owner, and investment manager of multifamily communities, announced the grand opening
Buying and lending expectations are in flux in most commercial real estate sectors as investors and lenders plan to significantly reduce their activity in 2023 due to rising interest rates, economic uncertainty, and associated impacts on values, according to
U.S. commercial property prices, particularly for apartments, declined in January as high interest rates drove the number of transactions to new lows. CoStar Group reported lower prices in both of its closely watched composite indices that
WASHINGTON — In recent weeks, Gina Raimondo, the commerce secretary, has talked with Sen. Mark Kelly of Arizona, spent time with the president of Arizona State University and appeared at a conference with the mayor of Phoenix. Their discussions centered on
A master developer of Phoenix-Mesa Gateway Airport land moved forward on a new industrial park. That developer, SkyBridge Arizona, broke ground on the first of two new buildings on Feb. 21, which will become a 250,000-square-foot class
A crucial water source in the American West, the Colorado River, is drying up at a startling rate. The Biden administration has committed an unprecedented $728M to the problem, and the seven states that rely on the river’s supply have been
Several retail and restaurant tenants at Epicenter, a much-anticipated mixed-use community and retail destination in Gilbert’s Agritopia development, are set to open in the next month. Matt’s Big Breakfast, the popular Phoenix breakfast spot, has