Commercial Real Estate & Business News – October 17, 2024

A Moody’s report has evaluated the steadiness of multifamily performance, continued but not increased stress in office, a fall in retail vacancy, and a cooling of industrial sector. After the highs and lows of the last few years, this sounds like a big reversion to perhaps what is a new mean. Overall, the September rate cut by…»

Totaling almost 65,000 square feet in seven leases, the new commitments highlight George Oliver’s sought-after design and development strategy, which has proven to attract tenants in a metro Phoenix office market that is otherwise experiencing a slow-though-steady…»

Tract, a developer of master-planned data center parks, recently announced its acquisition of a 2,069-acre land parcel in Buckeye. The land acquisition will be one of the largest data center parks in the United States, anticipating up to 20 million square feet of data center space across as many as…»

About 600 acres of prime land along Interstate 10 is being envisioned for a future mixed-use center with housing and commercial development. It will serve as an entrance into Casa Grande south of Phoenix. Phoenix-based Arizona Land Consulting paid $38.1 million in all cash for the…»

With all the talk of inflation, of labor markets, of interest rates — with that constant flow of numbers and projections and interpretations into the mix — there have been the monthly measurements. Is inflation back to the 2% goal of the Federal Reserve, which gets to decide how long interest rates remain…»