Commercial Real Estate & Business News – February 10, 2023

Fed Reports Tighter Standards and Weaker Demand for CRE Loans

The January 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve has the type of headline results for commercial real estate lending that you might expect: tighter standards and weaker demands across all…»

So Far 2023 Is Not Shaping Up to Be the Year of the Return to the Office

Office visits remain about 60% of what they were before the COVID-19 pandemic, according to a new analysis from Placer.ai. It’s a continuation of a trend the firm observed in both Q3 ad Q4…»

Phoenix Ranks in Top 10 Among Best Cities for Downtown Living

Downtown living is finally making a comeback after the pandemic-driven flight to the suburbs. But not all downtowns are cut from the same cloth. Some are better than others at getting the right mix of amenities to keep residents engaged…»

Bed Bath & Beyond Adds Phoenix-Area Stores to Closure List

The struggling Bed Bath & Beyond Inc. (Nasdaq: BBBY) retail chain has released a new list of 150 more location closures, including two in the Phoenix area, adding to previously announced store shutdowns. The new list includes…»

How Phoenix Ranks Among Top 10 Most Preferred Markets

A recent survey of commercial real estate investors ranked Phoenix as a top 10 target among U.S. metros. Phoenix ranks No. 8 among the Top 10 most preferred markets, according to CBRE’s 2023 U.S. Investor Intentions Survey. The survey found that…»