Commercial Real Estate & Business News – November 1, 2024
Global Returns on Real Estate Turn Positive for First Time in Two Years Global returns on real estate turned positive in the second quarter of 2024 for the first time in two years, Nuveen said in a new report, as income returns mitigated value losses. This suggests “a budding recovery in the asset class,” wrote […]
Commercial Real Estate & Business News – October 31, 2024
Q3 GDP: Economy grows at 2.8% annual pace, led by strong consumer Follow along to MarketWatch’s coverage of the gross domestic product report from the Commerce Department…» Interest rate forecast 2025: Consumers can expect lower rates The federal funds rate, determined by the U.S. Federal Reserve, is a crucial interest rate for Americans. It […]
Commercial Real Estate & Business News – October 30, 2024
Federal Reserve to cut rates by 25 basis points at next two meetings: Reuters poll BENGALURU, Oct 29 (Reuters) – The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7, according to all 111 economists in a Reuters poll, with more than a 90% majority predicting another quarter-percentage-point […]
Commercial Real Estate & Business News – October 29, 2024
2,400 undeveloped acres surrounding TSMC in Phoenix could be a ‘city within a city’ The 2,400 acres surrounding Taiwan Semiconductor Manufacturing Co.’s massive manufacturing plant in north Phoenix now have a name, and the massive site offers the chance to build a “city within a city,” developers said. The site, now called “Halo Vista,” could […]
Commercial Real Estate & Business News – October 28, 2024
What Retail’s Future Could Look Like When e-commerce and online ordering started gaining traction, some said this would mean the end of in-person shopping, putting brick-and-mortar stores at risk. And when the COVID-19 pandemic shut down the world, fears emerged that physical retail was doomed. None of that…» Multifamily market sees strongest demand since 2021, […]
Commercial Real Estate & Business News – October 25, 2024
Why Amazon opened three large warehouses in Phoenix market A thundering roar of jets accompanied the opening of Amazon’s newest warehouse on Oct. 23 in metro Phoenix, just minutes away from Luke Air Force Base in the Glendale area. The 1 million square-foot building, located at 15301 W. Northern Ave., is one of three that […]