Commercial Real Estate & Business News – March 6, 2024

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) has inked a lease agreement for an apartment community near its $40 billion semiconductor campus in north Phoenix. An entity tracing to Ideal Capital Group paid $108 million to an entity tracing to Houston-based real estate firm Hines for…»

The Federal Reserve’s Monetary Policy Report to Congress comes out twice a year. The first one for 2024 suggests a number of things. Two of note for the commercial real estate industry: CRE remains a factor in continued risk to the banking system and interest rates aren’t coming down until…»

A strong jobs market has boosted Yardi Matrix’s forecast of apartment rent growth in 2024. The analytics firm reported Thursday that multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07%. Of the 142 markets tracked, 61 posted declines in…»

Expect continued resilience but on a muted scale for industrial assets in 2024, according to Newmark, which said in a recent report that economic uncertainty continues to exert pressure on consumers, developers, occupiers, and investors. “Unpredictability in the global supply chain will…»

The nation’s largest supplier of residential building products is reporting products such as lumber are showing signs of growth after a weakened housing market hurt the company’s bottom line last year. Executives at Builders FirstSource, based in Irving, Texas, told investors that…»