Commercial Real Estate & Business News – October 14, 2024

Over the past several months, multiple experts have awaited the Federal Reserve to put an end to ongoing monetary tightening. In September, the Fed did so, cutting the Effective Federal Funds Rate (EFFR) by 50 basis points. While this doesn’t mean that dry powder will suddenly start flowing into…»

This week’s inflation data provided more evidence that the Federal Reserve is nearing its objective, fresh on the heels of the central bank’s dramatic interest rate cut just a few weeks ago. Consumer and producer price indexes for September both came in around expectations, showing that…»

For the third quarter, the gap between supply and demand for apartments in the U.S. has been the smallest in three years, according to a new analysis by Apartments.com. In this period, 176,000 apartments were absorbed and 178,00 were delivered. This helped to drive down vacancy rates by…»

The Empire Group of Companies, one of Arizona’s leading residential, commercial and mixed-used real estate developers, has officially kicked off its 23.32-acre Carefree Quarter development project following the Town of Carefree’s unanimous decision to pursue finalizing the development…»

Pinal County is in the bullseye of more developers and major employers that want to expand in Arizona given its proximity to Phoenix and Tucson, its major freeways, a Union Pacific line and plentiful available land. Since an onslaught of companies snatched up remaining sites in Pinal County’s industrial parks for…»