Commercial Real Estate & Business News – June 30, 2021
How Positivity Is Building in CRE Circles Against the backdrop of real progress against the pandemic and steady signs of economic recovery, new reports from both the CRE Finance Council and RCLCO show the extent of the CRE industry’s optimism about the next 12 months. The CREFC report covers two surveys of the…» Fed’s Stress […]
Commercial Real Estate & Business News – June 29, 2021
Consumer Spending Fell Flat in May After Robust Spring Consumer spending in the United States stayed flat in May, according to data released by the Commerce Department on Friday. But the details underlying the report point to a strong summer season for retailers, the travel industry and entertainment venues, as consumers…» Hundreds More Homes Pegged […]
Commercial Real Estate & Business News – June 28, 2021
Report: Brick-and-mortar Retail isn’t Dying, it’s Evolving COVID-19 accelerated pre-existing trends in the retail industry, prompting changes in the way cities govern that will last far beyond the pandemic, according to the National League of Cities’ (NLC) new report, The Future of Cities: Reenvisioning Retail. The report’s analysis finds that retail…» Leisure Demand Lifts US […]
Commercial Real Estate & Business News – June 25, 2021
Phoenix Among Top 15 Markets for Industrial Rent Growth Tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking industrial rent growth to new highs, according to a new report from CBRE. Asking rents increased a record…» Wisconsin Multifamily Developer Breaks Ground on Fourth Valley […]
Commercial Real Estate & Business News – June 24, 2021
CoStar’s Pandemic Recovery Dashboard for the US Oxford Economics compiles measurements of various parts of the economy to create its “Recovery Tracker.” The index has been showing steady gains so far this year. The index is developed by University of Oxford and Blavatnik School of Government to…» RED Development Breaks Ground on $300M Phoenix Mixed-Use […]
Commercial Real Estate & Business News – June 23, 2021
9 Pinal County Industrial Parks Driving Growth With thousands of acres of flat open land ideally situated midway between Phoenix and Tucson, and with easy access to major highway, rail and air transportation, it’s no wonder that Pinal County hosts an abundance of industrial parks. Ranging from…» Dallas Developer’s Controversial Midtown Phoenix Apartments get Zoning […]