Commercial Real Estate & Business News – August 7, 2024

“Significant net shares of banks” reported having tightened standards for all types of commercial real estate loans in the second quarter, the Federal Reserve said. The Fed’s latest Senior Loan Officer Opinion Survey on Bank Lending Practices found that a sizable…»

Some of the nation’s largest apartment owners are buying properties again. Strong multifamily demand fundamentals and a slowdown in construction starts has sparked enthusiasm for the industry’s trajectory over the previous quarter. That positive sentiment has driven up transaction volume on…»

Jacksonville, Florida-based Brooks Rehabilitation is making its Arizona debut with the construction of a new hospital at Mayo Clinic’s north Phoenix campus. This marks Brooks Rehabilitation’s first expansion outside of Florida, said J. Britton Tabor, the company’s…»

More Arizona Big Lots stores will close as the company struggles with inflation and declining sales. Eight more locations were listed as closing soon on the company’s website. These locations join the 13 the company had previously listed as closing. Most of the stores…»

According to the Realtor.com July housing data, the market is becoming more buyer friendly through a combination of rising housing inventory levels and price cut reductions. Homes actively for sale grew 36.6% in July 2024 relative to the same time last year, hitting a post-pandemic…»