Commercial Real Estate & Business News – January 20, 2023
Freddie Mac Exceeds 2022 Affordable Housing Goals Freddie Mac Multifamily’s production volume for 2022 totaled $73.8 billion, with the government-sponsored enterprise (GSE) meeting its affordable housing goals set by the Federal Housing Finance Agency (FHFA). As part of the total, the GSE had…» NRF: Holiday Sales Rise 5%, Just Miss Forecast Retail holiday sales were […]
Commercial Real Estate & Business News – January 19, 2023
Will CRE Construction Hold Steady in 2023? Despite current headwinds, nonresidential construction spending is expected to increase at a moderate rate this year, mostly due to healthy architect and contractor backlogs, according to a new forecast from the American Institute of Architects…» Economic Volatility Continues for Lenders and Borrowers 2022 was a tale of two […]
Commercial Real Estate & Business News – January 18, 2023
Mortgage Rates Have Peaked Along With Inflation Today’s inflation data has shown that the peak growth rate of inflation is behind us. This should also mean mortgage rates have hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. 27 is…» Transportation, […]
Commercial Real Estate & Business News – January 17, 2023
Here’s Why Metro Phoenix is on The Way to Becoming a Tier 1 Market After the pain of the Great Recession, Arizona resolved to reinvent and diversify its industrial landscape to create a more resilient economy and put itself on the path to becoming a Tier 1 market. No single person or entity can take […]
Commercial Real Estate & Business News – January 13, 2023
Two CRE Signals to Watch This Year With uncertainty and market readjustments being some clear watchwords for 2023, knowing how and where to pivot becomes both necessary and challenging. A recent Hines report noted that investors, owners, and operators can’t completely rely on…» Chicago Developer Buys Land for $1 Billion Luxury Development Near Phoenix A […]
Commercial Real Estate & Business News – January 12, 2023
Bid-Ask Transaction Gap Puts Potential Pressure on Cap Rates During the fall, many sources told GlobeSt.com that the general forecast for commercial real estate was uncertainty and more than the odd person or institution holding onto unrealistic expectations. As Barry Saywitz, president of national brokerage…» Thompson Thrift Plans Luxury Apartment Development in Buckeye Thompson Thrift, […]