Commercial Real Estate & Business News – May 21, 2024
Biggest Availability Rate Drop in US Occurs in These Two Markets Conditions in many retail markets across the country have reached near the tightest level on record, but while available space has dwindled quickest in areas throughout the Sun Belt and Midwest, Phoenix and Indianapolis stand out as the nation’s leaders for the biggest improvement…» […]
Commercial Real Estate & Business News – May 20, 2024
How Redevelopment Strategy Created a Dynamic Downtown Phoenix In the heart of Phoenix, a wave of redevelopment has swept through downtown marking an evolution in its urban landscape. Spearheading this resurgence are three distinct trends: the burgeoning bioscience core, the adaptive reuse of historical buildings and the flourishing…» Homebuilders Plan Thousands of Homes Near TSMC […]
Commercial Real Estate & Business News – May 17, 2024
Phoenix Still a Top US Market for Big-Box Industrial Growth, Report Says Phoenix has kept its title as one of the top markets in the country for the growth of large warehouse space even as the sector has cooled off nationally, according to a CBRE Group Inc. report. The Valley had a 6% growth rate […]
Commercial Real Estate & Business News – May 16, 2024
Inflation Ticks Down, Keeping Hope Alive For 2024 Rate Cuts Inflation cooled slightly last month, signaling that while previously anticipated cuts to interest rates in the first half of the year are unlikely, there is still hope for decreases this fall. The consumer price index rose 3.4% year-over-year in April, according to the Bureau of […]
Commercial Real Estate & Business News – May 15, 2024
CRE Transaction Numbers May Be Seeing Some Recovery There’s a bit of a turnaround in CRE sales transactions, according to a Moody’s CRE report. But the current results and trends vary by property type and a return to pre-pandemic normalcy will need the help of the Federal Reserve’s reduction of interest rates. “CRE transactions…» Online […]
Commercial Real Estate & Business News – May 14, 2024
Retail Becomes Top Performing Asset Class The retail market is the property division that is generally delivering the strongest results among the four leading asset types, according to In Marcus & Millichap’s look at first-quarter fundamentals data. Multi-tenant retail space absorption in the first quarter totaled…» Henderson Park Buys Arizona Biltmore for $705 Million London-based […]