Commercial Real Estate & Business News – March 18, 2024
Blackstone Says Time to Buy Real Estate as Prices at Bottom Real estate prices have bottomed and there’s a great opportunity to move fast and buy assets at beaten-down prices, according to Blackstone Inc. President Jon Gray. “The perception is so negative and yet the value decline has occurred, so when you get into this […]
Commercial Real Estate & Business News – March 15, 2024
9 Big Phoenix Retail Developments After 15 Years of Nothing After years of dormancy following the 2008 financial crisis and a pandemic thrown in for good measure, retail development has returned to the Phoenix metro in a big way. The metro had 2.2 million square feet of retail space under construction entering 2024 and an […]
Commercial Real Estate & Business News – March 14, 2024
Multifamily Investment Conditions On the Upswing Multifamily investors appear to be paying less per dollar of property income compared to one year ago, according to Freddie Mac’s latest quarterly update of its Multifamily Apartment Investment Market Index (AIMI). That’s because while mortgage rates have risen significantly, the increase…» Thousands of New Downtown Phoenix Apartments are […]
Commercial Real Estate & Business News – March 13, 2024
Aldi Plans Big Expansion Through New Store Openings, Conversions Aldi has announced its most ambitious expansion plans to date as it continues to grow its U.S. footprint coast to coast. The discount grocer plans to add 800 stores nationwide by the end of 2028 through a combination of new openings and store conversions. In line […]
Commercial Real Estate & Business News – March 12, 2024
National Office Attendance Rises With Slow but Steady Gains It hasn’t been quick or easy to get office attendance rates closer to what they were prior to the pandemic, but workplace foot traffic is on a slow but steady climb. As more companies add stricter in-person mandates and adjust to longer-term flexible work policies, attendance […]
Commercial Real Estate & Business News – March 11, 2024
US Grocery Wars Heat Up With Aldi’s Plans for $9 Billion Expansion The competition among grocers is growing even fiercer, with German discount supermarket chain Aldi planning to add 800 stores across the United States to its fleet during the next five years in a $9 billion expansion. Aldi, with domestic operations based in Batavia, […]