Commercial Real Estate & Business News – September 12, 2023
Multifamily Rents Poised For Robust Increases Further Ahead For the past three years the multifamily sector has experienced a construction boom not seen since the 1970s, which has helped lead to the current moderation of rents. However that may be about to change. According to a new report by Greg Willett of Institutional Property Advisors, rents […]
Commercial Real Estate & Business News – September 11, 2023
Kroger, Albertsons Plan to Sell Over 400 Stores to C&S Wholesale Kroger and Albertsons supermarkets will sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion as part of their proposed $25 billion merger, the companies announced on Friday. The divestiture, which was first reported to be in the works on Tuesday […]
Commercial Real Estate & Business News – September 8, 2023
Banks Are Resilient, but FDIC Says Inflation Rates Pose Risks The banking industry may be resilient, but it is showing signs of stress, according to a report from the Federal Deposit Insurance Corp. on Thursday. Second-quarter earnings at U.S. banks amounted to $70.8 billion, the FDIC said. The tally marks an 11.3% drop from the […]
Commercial Real Estate & Business News – September 7, 2023
The U.S. Economy’s Slow Return to a 2% Norm First half U.S. gross domestic product was a hair over 2%. Inflation expectations are nearly back to 2%. Job growth over last year? You guessed it. Why it matters: It may not last, but right now, it looks like we’re moving back toward the slow growth […]
Commercial Real Estate & Business News – September 6, 2023
Here’s the New Retail, Dining Coming with Scottsdale Fashion Square Redevelopment Macerich, one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, today detailed progress for its current redevelopment of the south wing at Scottsdale Fashion Square, including more experiential dining and…» Phoenix’s Top Malls Play Key […]
Commercial Real Estate & Business News – September 5, 2023
Business Leaders Show Growing Optimism in US Economy Is the U.S. economy destined for continued growth or heading into recession? It’s a question pondered daily by investors and analysts around the world, but what do business leaders think? Just 16% of executives responding to the third-quarter AICPA & CIMA Economic Outlook Survey said…» Can Metro […]