Featured Story

Local CRE Trends

Phoenix, Arizona is the fifth largest city in the United States by population and the most populous state capital. It is the center of one of the fastest growing job markets and economies in the U.S. – in the last five years, more than $4 billion was invested in office space, retail, restaurants, educational facilities, and hospitality space, according to the City of Phoenix Community and Economic Development Department. Its prime location, just a few hours from major markets in California and Mexico, makes it an ideal place for entrepreneurs to establish a new business.

Downtown Phoenix has the highest concentration of employment in Arizona and is experiencing dramatic growth due to a number of large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and the Phoenix Biomedical Campus. The Phoenix Biomedical Campus hosts the highest concentration of research scientists and professionals in the region. The Phoenix Biomedical Campus offers a unique opportunity for bio-industry companies to connect, collaborate and partner with leading organizations in the industry, including nationally recognized biomedical education programs, according to the City of Phoenix Community and Economic Development Department.

The Greater Phoenix commercial real estate market has been on an upswing for the past several years, according to real estate services firm Colliers International. The market outlook predicts continued improvement as Phoenix attracts relocations and expansions. Recently, the Phoenix metro area tied as the ninth-fastest growing economy among the Top 25 metros, according to the U.S. Bureau of Economy Analysis.

About Commonwealth Land Title

The Grand Canyon State is headquarters to Commonwealth Land Title, one of Fidelity National Financial’s most dynamic title brands and real estate teams. Commonwealth Land Title serves the local commercial real estate industry of Phoenix. Our highly experienced title team manages and closes commercial real estate transactions for properties throughout Phoenix and the state of Arizona.

Closely partnered with each customer, our Phoenix team of professionals work in all facets of the industry, using a consultative, proactive approach to overcome potential obstacles and keep our clients informed at each stage of their transaction.

Commonwealth Land Title's superior financial strength and advanced technical capabilities support the most skilled staff in the business. Our electronically linked framework offers the most extensive title and escrow service and expertise available. It is your assurance of consistent quality, resourcefulness and professionalism.

Commonwealth Land Title is a member of the Fidelity National Financial, Inc. (NYSE: FNF) family of companies, which is a leading provider of title insurance, mortgage services, specialty insurance and information services in the real estate community. For more than 160 years, we have established a reputation in the real estate industry for superior service, industry expertise, and unmatched financial strength.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #238 on the 2022 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our Phoenix-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*"FORTUNE®" and "FORTUNE 500®" are registered trademarks of Time Inc. From FORTUNE Magazine, May 2022 ©2022 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Commonwealth is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters that collectively issue more title insurance policies than any other title company in the United States.

The Latest Articles From the FNF Newsdesk:

How Lenders Can Help Unlock Trapped Equity
am EDT| Jarred Kessler is the CEO of EasyKnock. The housing market has always played a pivotal role in the intricate tapestry of economic development. However, a "trapped equity crisis" threatens...

Five Economic Developments We Hope Won't Unfold
All eyes (and ears) remain focused on the Federal Reserve as interest rates remain the...

The Economy Of Things: A New Business Frontier
am EDT| Max Thake is the cofounder of peaq, a Web3 network powering the Economy of Things. From Bosch (one of our collaborators) to Vodafone, more and more companies are shifting from the Internet...

The private sector added just 89,000 jobs last month, far below expectations
Minneapolis CNN  —  US employers in the private sector added an estimated 89,000 jobs in September, a much lower total than expected and an indication of a sharp pullback in the labor market,...

Fed Execs Signaling Ongoing High Rates
Even as such high-profile economists as Janet Yellen, Paul Krugman, and Larry Summers have been saying that a so-called soft landing — reduction of inflation without a...

Here Are Mortgage Rates for Oct. 4, 2023: Rates Trend Higher
This week, a few major mortgage rates ticked up. If you're in the market for a mortgage, see how your payments might be affected by inflation. A few major mortgage rates increased over the last...

What The Fed Will Be Looking For In October’s Unemployment Report
pm EDT| On Friday October 6, the Employment Situation report for the month of September will be released by the Bureau of Labor Statistics. The Fed will be watching for signs that the job market is...

Dow Tanks To Lowest Level Since May: How Historically High Bond Yields Are Driving Slump
pm EDT| Topline Stocks tanked Tuesday while bond yields soared, again highlighting worries about what high interest rates mean for equities as the Dow and S&P are each on track to notch their...

Will Markets Rebound From A Rocky September?
...prices, core inflation continued to drop to a multi-month low. With the housing market continuing to weaken, that trend is likely to last the rest of the year. That mixture of persistent economic...

Supreme Court May Defund Consumer Financial Protection Bureau—Why Experts Warn Of ‘Chaos’ If That Happens
...the court. Groups representing mortgage bankers, home builders and realtors argued “the housing market could descend into chaos” if lenders and borrowers are left without the guidance CFPB has...