Commercial Real Estate & Business News – October 6, 2022

It might be fair to say that financial markets ended the third quarter with a high degree of pessimism about the future. The S&P 500 lost 9.3% during the month of September, accelerating losses seen in August, and the index at the end of the quarter was 16.8% lower than a year ago…»

Despite an “unsettling” economic situation in the US, consumer spending has not slowed, according to a report this week from the National Retail Federation (NRF). It’s now a wonder what would curtail consumers, as high inflation, rising interest rates and fears of a recession seem to…»

One cannot pick up a newspaper without seeing an article covering the severe housing shortage that currently plagues the nation. Scottsdale is not immune to this problem with housing and growth experts all agreeing that Scottsdale has a severe shortage of places to buy or rent and that…»

Global Student Accommodation, one of the world’s largest student housing owners, expanded its U.S. portfolio with the purchase of five properties from Harrison Street in partnership with Morgan Stanley Real Estate Investing as international investors focus on student housing. The properties…»

Rise48 Equity has acquired $60,200,000 worth of new apartment communities in the Phoenix, Arizona market.Rise48 Equity plans to spend over $6,600,000 renovating the properties’ exteriors and interiors. They will upgrade unit interiors to the Rise48 Equity Platinum level finish, which…»