Commercial Real Estate & Business News – August 22, 2023

Virtually every confidence indicator is on the rise and the threat of an imminent recession is falling while recent data show that inflation is nearing the Federal Reserve’s goals set more than a year ago. The overall inflation number reported last week was not what many wanted, as gasoline and food prices led it…»

Retail experts have long sounded the alarm on malls in the US. But malls are not going extinct, they are merely adapting to a new environment. In fact, many have reported robust occupancy levels and bigger crowds than before the pandemic, according to a recent market analysis from Coresight…»

A chicken concept, an Italian ice shop and a peach cobbler restaurant could be some of the newest tenants moving into a new retail center in Glendale. Scottsdale-based Diversified Partners is planning to develop a 35,000-square-foot retail and services strip with more than a dozen buildings at the southeast…»

Thompson Thrift, a full-service nationally recognized real estate company, announced today the commencement of construction on master infrastructure improvements and approximately 35,000 square feet of freestanding and multi-tenanted retail space near the $20+ billion Taiwan Semiconductor Plant…»

The recent reset in office demand has rocked U.S. markets from sea to shining sea. At the midpoint of the third quarter of 2023, the national office vacancy rate hit a record high of 13.2%, a full 370 basis points higher than at the end of 2019. Such a dramatic swing in vacancy is a powerful statement about the…»