Commercial Real Estate & Business News – March 29, 2024
The Sweet 16 of US Retail Markets Square Off As the country’s top men’s and women’s college basketball teams compete to cut down the nets this month, CoStar is getting in on the madness with our inaugural CoStar Sweet 16 of U.S. retail markets. Here we pit the top areas for that property type across […]
Commercial Real Estate & Business News – March 28, 2024
Multifamily Investors Plan to Transact More Soon A robust 62% of multifamily investors expect to increase their purchasing activity from last year and 40% expect to sell more, according to CBRE’s 2024 Global Multifamily Investor Intentions Survey in late 2023 of 1,200 investors. And nearly half (47%) of multifamily investors…» Vacated Former Office Headquarters Transformed […]
Commercial Real Estate & Business News – March 27, 2024
Phoenix Earned No. 8 Spot for Population Gains in 2023 Phoenix is now the eighth-fastest growing metropolitan statistical area in the nation, according to recently released data from the U.S. Census Bureau. The Valley’s population base added 49,200 people from July 1, 2022, to July 1, 2023, the data found. Many of the top markets…» […]
Commercial Real Estate & Business News – March 26, 2024
In Swing State Arizona, an $8.5 Billion CHIPS Grant Spells ‘Jobs’ More Than Geopolitics In the booming Phoenix metro area, Washington policymakers’ rare bipartisan push to bolster national security in their high-tech arms race with China brings major enthusiasm for something more basic: jobs. A fresh influx of $8.5 billion in CHIPS and Science Act […]
Commercial Real Estate & Business News – March 25, 2024
Real Estate Unlikely a Systemic Problem for Banks, PNC CEO Says Troubled commercial real estate debt could lead to problems for some small lenders, but isn’t likely to be an issue for the broader US banking industry, said William Demchak, chief executive officer of PNC Financial Services Group Inc. Demchak, who leads one of the […]
Commercial Real Estate & Business News – March 21, 2024
Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now The Federal Open Market Committee on Wednesday didn’t budge on interest rates, noting that it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 […]