Commercial Real Estate & Business News – September 3, 2024
Fed’s Preferred Inflation Gauge Provides Another Signal For September Rate Cut The Federal Reserve’s top metric for tracking inflation showed July prices in line with expectations, providing a key data point as the central bank decides how much to cut rates at its next meeting. The core Personal Consumption Expenditures index rose 0.2% in July […]
Commercial Real Estate & Business News – August 30, 2024
The U.S. economy grew 3% in the second quarter — faster than initially thought The U.S. economy grew faster in the second quarter of 2024 than first reported, suggesting there was little sign of a slowdown through the first six months of the year. The latest reading of the gross domestic product (GDP) published by […]
Commercial Real Estate & Business News – August 29, 2024
Why Phoenix Decision-Makers are Optimistic About Growth Local leaders of small and midsize businesses are increasingly confident in the U.S. economy and their prospects for growth. Despite ongoing concerns about inflation and interest rates, more decision-makers are looking to fund new growth initiatives, ranging from investments…» Office Users Moving Back to Expansion After Post-Pandemic Contraction […]
Commercial Real Estate & Business News – August 28, 2024
Phoenix Moves Ahead of Silicon Valley in Data Center Supply The Metro Phoenix data center supply grew by 150.8 megawatts (MW) in the first half of the year as developers delivered more capacity to meet growing demand, according to CBRE’s latest North American Data Center Trend Report. Phoenix’s total inventory increased to…» 4 Questions with […]
Commercial Real Estate & Business News – August 27, 2024
CRE Gets Ready for Imminent Rate Cut The start of interest rate cuts is imminent, according to remarks made Friday by Federal Reserve Chair Jerome Powell, who expressed confidence that inflation is within reach of the U.S. central bank’s 2 percent target. “The time has come for policy to adjust,” Powell said in a highly […]
Commercial Real Estate & Business News – August 26, 2024
Unpacking the Fears and Opportunities Around AI in the Hotel Industry NASHVILLE, Tennessee — Artificial intelligence has been a major buzzword in the hotel industry over the past couple of years, but there are still a lot of unknowns in regard to what it is, how soon it’ll have an impact and how it can […]