Commercial Real Estate & Business News – January 19, 2023

Despite current headwinds, nonresidential construction spending is expected to increase at a moderate rate this year, mostly due to healthy architect and contractor backlogs, according to a new forecast from the American Institute of Architects…»

2022 was a tale of two halves for multifamily finance. “Debt funds, commercial banks, and life companies were being very aggressive in competing for transactions in the first half of the year. Fannie Mae and Freddie Mac were primarily focused on…»

The U.S. housing market’s topsy-turvy ride shows no sign of letup in the new year, as mortgage applications rose sharply last week despite fears that home sales will keep sinking in 2023. Mortgage applications for the week ending Jan. 13, 2023, rose a…»

For Target Corp., it’s all about the community when opening a new store. The discounter has a proven strategy — design and location plus ease, inspiration and relevance — to build stores that work in and also for the community, the company said…»

With concerns over rising interest rates and inflation, tighter financial conditions and what some believe is the threat of a recession this year, commercial real estate (CRE) investors are apparently not shying away from retail. CBRE Group forecasts that…»