Commercial Real Estate & Business News – October 23, 2020
U.S. Commercial Real Estate Showing First Signs of a Thaw(Bloomberg)-U.S. commercial real estate deals tumbled in the third quarter as Covid-19 continued to hammer the economy, but prices showed signs of improvement, according to Real Capital Analytics Inc. While investment volume fell 57% from a year earlier…» Kennedy Wilson Acquires Tempe MF for Nearly $70MLos […]
Commercial Real Estate & Business News – October 22, 2020
The Restaurant Industry’s Recovery Could Take Longer Than ExpectedIn a sign that the restaurant industry’s recovery will be even more drawn out, last month sales inched up at the slowest pace since the economy began to reopen from the lockdowns. Overall, eating and drinking places registered sales of $55.6 billion on a seasonally-adjusted basis in […]
Commercial Real Estate & Business News – October 21, 2020
Self-Storage Sector Holds Up Amid the PandemicA confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized. Though the majority of properties were still close to fully…» Robot Cooks and […]
Commercial Real Estate & Business News – October 20, 2020
Rents Still Rising in Metro Phoenix as They Drop in Pricier U.S. CitiesAs apartment rents drop in many big U.S. cities from San Francisco to Chicago and New York, monthly payments keep rising for metro Phoenix tenants. Valley rents climbed faster during the past year than almost anywhere else in the U.S. Ten of thousands […]
Commercial Real Estate & Business News – October 19, 2020
Fall 2020 Economic Outlook for REITs and Commercial Real EstateThe COVID-19 pandemic has disrupted most types of economic activity across the globe because of social distancing efforts to slow the spread of the disease. Many of these activities will return to pre-crisis patterns as the virus eventually comes under control. But there may…» The New […]
Commercial Real Estate & Business News – October 16, 2020
CRE Asset Classes Post Increase in Asking Rates, Pricing In Sept.The commercial real estate market is showing distinct signs of recovery. In September, asking rents increased by 3.5% across asset classes and price per-square-foot rose by 7%, according to research from CREXi’s national commercial real estate report. The office and retail…» Emerging Trends 2021: The […]