Commercial Real Estate & Business News – November 22, 2021
Largest Weekly US Hotel Demand Gain in Six Weeks Indicates Increasing Business Travel The strength of weekday bookings, which typically indicate business travel, propelled U.S. hotel demand to its largest weekly gain since early October, as revenue per available room industrywide was the closest it has been to…» Homebuying Demand Reaches All-Time High, Report Shows […]
Commercial Real Estate & Business News – November 19, 2021
How Arizona’s Recovery From Pandemic Has Gained Significant Momentum Arizona’s recovery from the pandemic gained significant momentum in the second quarter. Job gains surged, housing permit activity remained very strong, and taxable sales remained on track for significant gains. The housing market grew even hotter in the second quarter, with…» CVS to Close About 900 […]
Commercial Real Estate & Business News – November 18, 2021
Rising Inflation Helps Push Household Debt to Record Levels The latest inflation reading released last week was worse than expected. The consumer price index registered a 6.2% year-over-year increase, according to the Bureau of Labor Statistics. This is the fastest rate of price increases in more than 30 years, and an…» Brick-and-Mortar Sales Expected to […]
Commercial Real Estate & Business News – November 17, 2021
Is the Retail Market Performing Better Than You Think? LAS VEGAS—ICSC – Here, We Go. 2021 is fast approaching. The Las Vegas conference will include networking with dealmakers, changemakers and innovators, gatherings and meetups with like-minded professionals…» Casa Grande Gives Final Approval for $300 Million Manufacturing Plant The Casa Grande City Council gave the final […]
Commercial Real Estate & Business News – November 16, 2021
Store Openings Are Ushering In a “New Age of Retail” A “new age of retail” has emerged in the wake of the COVID-19 pandemic, as brands begin to open physical store locations at a renewed pace, according to a new analysis from Moody’s Analytics. The recent slew of…» Despite Last Year’s Underperformance, CRE Institutional Investment […]
Commercial Real Estate & Business News – November 15, 2021
Expect a More Mature BTR Business Plan in 2022 The booming single-family build to rent market, if not already, will soon be dealing with headwinds around labor and supply chain management challenges, efforts to streamline operations and using consumer data points to…» What Redevelopment Plans are on Tap for Mesa’s Empty Fiesta Mall? The shuttered […]