Commercial Real Estate & Business News – April 29, 2024
Retail, Hotel Projects Clear Checkpoints at Mesa’s Planning & Zoning Commission A new commercial retail center could rise in an emerging Mesa corridor. Mesa’s Planning and Zoning Commission on April 24 approved several new projects, including a proposal to transform a 12-acre preliminary plat into a retail center. Dubbed “Avalon Ranch,” the seven-lot…» Crafts Retailer […]
Commercial Real Estate & Business News – April 26, 2024
GDP Growth Slows But Doesn’t Shrink The advance estimate of GDP for the first quarter was an annual rate of 1.4%. That there would be a drop from the 3.4% rate in the fourth quarter of 2023 was widely expected. The details of what moved and how are important. But first, recognize that this was […]
Commercial Real Estate & Business News – April 25, 2024
Rates Take a Turn for the Worse in an Already Weak Housing Market With the spring home-buying season now upon us, potential home buyers are facing difficult choices as they watch already-high mortgage rates and home prices climb further, and a portion are opting to stay on the sidelines until buying conditions improve. The Mortgage…» […]
Commercial Real Estate & Business News – April 24, 2024
Scottsdale Developer to Bring 1,000 Build-To-Rent Units to Metro Phoenix Scottsdale-based Modus Cos. is going big in the build-to-rent space, to the tune of $425 million. The apartment developer is preparing to break ground on 1,030 build-to-rent units across the metro. High mortgage interest rates and a housing shortage are driving more people to…» Triple-Net […]
Commercial Real Estate & Business News – April 23, 2024
U.S. CRE Price Declines Continue Deceleration in March The pace of decline in U.S. commercial real estate prices decelerated in March for the eighth month in a row, led by improvements for industrial sector, MSCI Real Assets said Thursday. The RCA CPP National All-Property Index fell 3.0% from a year ago and 0.2% from February…» […]
Commercial Real Estate & Business News – April 22, 2024
U.S. CRE Price Declines Continue Deceleration in March The pace of decline in U.S. commercial real estate prices decelerated in March for the eighth month in a row, led by improvements for industrial sector, MSCI Real Assets said Thursday. The RCA CPP National All-Property Index fell 3.0% from a year ago and 0.2% from February…» […]