Commercial Real Estate & Business News – May 9, 2023
CoStar: Multifamily May Outperform Expectations in Q2 It is looking possible that multifamily’s fundamentals in the second quarter will finish stronger than a year ago. It is even possible that the quarter overall may outperform expectations. This is according to CoStar Group, which is basing this premise on April’s rental numbers that are showing every […]
Commercial Real Estate & Business News – May 8, 2023
Bally Sports Parent Company Sues Phoenix Suns Over New TV Broadcast Deal Diamond Sports Group, the parent company of Bally Sports Arizona, has asked a bankruptcy judge in Texas to order the Phoenix Suns and Phoenix Mercury to roll back its new media rights deal. Less than a week after the Suns announced the team […]
Commercial Real Estate & Business News – May 5, 2023
JP Morgan Chase Says CRE Asset Classes Resilient in H1 Maybe it hasn’t been as bad as it seems. An analysis by JP Morgan Chase shows that commercial real estate has remained resilient in the first half of 2023 and many of these categories have the wherewithal to continue to withstand recessionary and other headwinds. […]
Commercial Real Estate & Business News – May 4, 2023
More than 600 Apartments, Retail Proposed for Gilbert’s Cooley Station Neighborhood A Houston-based multifamily developer is looking to build more than 600 apartment units in Gilbert. Developer Kaplan Multifamily is proposing the District at Cooley Station, which calls for multiple buildings that includes apartments and on-site retail. District at Cooley Station is set to…» 7 […]
Commercial Real Estate & Business News – May 3, 2023
Multifamily Fundamentals Are Beginning to Stabilize The overall multifamily vacancy rate increased by 30 basis points quarter-over-quarter in the first quarter to reach 4.9%, according to CBRE. This was less than the 70-bps increase in Q4 2022 and the 90-bps jump in Q2 2022. At the same time, CBRE expects that absorption in the…» Phoenix […]
Commercial Real Estate & Business News – May 2, 2023
CRE’s Women of Influence, Class of 2023 Since 1983, GlobeSt. Real Estate Forum has recognized a growing number of female CRE professionals for their remarkable achievements. Once again, GlobeSt. has collected nominations across various categories, spanning the entire commercial real estate spectrum, in effort to shine a light…» Phoenix Hosts Largest-ever Delegation of Automotive, Semiconductor […]