Commercial Real Estate & Business News – August 4, 2023
Optimism Abounds As the Economy Powers Forward After many months of predicting a recession, Wall Street is celebrating recent economic news suggesting that the economy is powering through the Federal Reserve’s interest rate hikes and seems ready to emerge in pretty good shape. The term soft landing is being bandied about as economic growth…» Walker […]
Commercial Real Estate & Business News – August 3, 2023
U.S. Multifamily Market Progresses Toward Stabilization The multifamily market nationwide showed signs of stabilization in the second quarter of 2023 with a rebound in absorption and modest uptick in vacancy, according to CBRE’s latest research. Rents increased 2.6% year-over-year, in line with the pre-pandemic five-year average. The multifamily…» First Look: Culdesac Brings Car-Free Living to […]
Commercial Real Estate & Business News – August 2, 2023
Mesa Ranks High in Industrial Development If it seems like a lot of industrial buildings have been going up in southeast Mesa the last few years, your eyes are not deceiving you: the region is one of the top places in the country for new industrial development. According to a report by commercial real estate […]
Commercial Real Estate & Business News – August 1, 2023
Key Apartment Markets Show Strong Demand in Q2 Progress can make a big difference in investors and developers’ mindsets even if it’s not back to what had occurred at a peak. Though apartment demand in the second quarter of this year in the U.S. didn’t compensate fully for the net move-outs of last year, some…» […]
Commercial Real Estate & Business News – July 31, 2023
Phoenix could build 32,000 new homes on its vacant land, analysis shows As Phoenix’s population continues to surge, with over 30,000 newcomers in the last three years, the demand for housing is reaching critical levels. Phoenix is in a unique position to solve its own housing crisis, considering it ranks third nationally for undeveloped and […]
Commercial Real Estate & Business News – July 28, 2023
Fed Staff Drop US Recession Forecast, Powell Says WASHINGTON, July 26 (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank’s staff no longer forecasts a U.S. recession, and “we do have a shot” for inflation to return to target without high levels of job losses. Powell told a news conference […]
