Commercial Real Estate & Business News – July 12, 2024

The CRE market appears to be moving forward “slowly and cautiously,” according to the LightBox Monthly CRE Activity Index, which rose in June for the fourth consecutive month. The index is intended to help participants identify inflection points in the market on the aggregate …»

Price increases slowed more sharply than expected in June, adding to evidence that high inflation has subsided and potentially clearing the way for the Federal Reserve to lower interest rates that affect everything from mortgages to credit card payments. The Consumer Price Index rose 3% year over year in June, slower…»

Grocery giants Kroger and Albertsons Cos. have identified the nearly 600 stores they plan to divest to try to appease and finally win federal approval for their stalled $24.6 billion merger, the biggest deal of its kind in U.S. history. Kroger, the nation’s largest supermarket chain, and its fellow…»

Prominent Phoenix developers Craig Krumwiede and David Krumwiede share a few major similarities. The brothers pursued lifelong careers in real estate, following in the footsteps of their father, and have both built major multimillion-dollar projects across the Valley, where they grew up. Although Craig, 68, and David, 62…»

New listings climbed 15.8% in the Metro Phoenix residential real estate market for the first half of 2024 compared to last year, based on the latest data from Phoenix REALTORS®. The month-over-month median sales price was up just 1.5%. Days on the Greater Phoenix market dropped over 11% for the year’s first half. “It’s…»