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 […]
Commercial Real Estate & Business News – May 1, 2023
Two New Economic Reports That Point to Cooling Inflation This is a day of good news on the inflation front that may not matter to the Federal Reserve, at least for now. First, compensation costs for private workers were up a seasonally adjusted 1.2% for the first quarter of 2023, according to the Bureau of […]
Commercial Real Estate & Business News – April 28, 2023
Main Street with Retail, Office, Commercial Planned as Last Piece in Peoria Community One of the final pieces of a major community in Peoria is slated to start construction next year and will feature a new commercial core across 320 acres. The site is being branded as Five North at Vistancia, a high-quality lifestyle hub […]