Commercial Real Estate & Business News – September 26, 2024

Some Federal Reserve officials are signaling that they want to see significantly more rate cuts in the future. Chicago Fed President and CEO Austan Goolsbee at the National Association of State Treasurers annual conference on September 23, 2024, said, “At a moment like this, it’s important for…»

Gains in the first half of 2024 have been broad-based, with all four main property types showing improvement compared to the same period in 2023. Nevertheless, sales across all sectors also still lag the unprecedented peak seen in 2022 by 40% to 75%. Multifamily led the way, climbing…»

Arizona’s arrival as the nation’s hot spot for the semiconductor industry can be measured in corporate expansions, investment dollars and cutting-edge technology. That was never assured. Before the Great Recession, the region’s economy depended on land speculation, real estate development, housing and…»

It’s time to about how this summer turned rental trends on its head. More Phoenix renters decided to stay put compared to last year’s peak moving season, and it’s not due to a lack of options. Here are details from RentCafe.com’s Rental Competitiveness…»

P.B. Bell, which has built 10 apartment communities totaling nearly 3,000 units across the Phoenix metro since 2019, is building its first build-to-rent project. The Scottsdale developer has teamed up with Everest Holdings to develop Marketside Villas at Verrado in Buckeye. The total…»