Commercial Real Estate & Business News – November 28, 2023
US Black Friday Sales Rose 2.5% YoY, Extending 2022’s Double-Digit Growth Jewellery and apparel emerged as the top gift sectors of 24 November. On 24 November, US retail sales experienced a robust increase of 2.5% year-over-year (YoY), excluding automotive and not accounting for inflation. This growth, as reported by Mastercard SpendingPulse, a measure of…» Interest […]
Commercial Real Estate & Business News – November 27, 2023
What to Expect for Senior Housing in 2024 In the first installment of our outlook series, senior housing experts discuss trends and challenges for the year to come. Senior housing occupancy rates have been constantly improving over the past nine quarters, supported by strong demand and fairly limited supply. Tight financing…» Pennrose Breaks Ground on […]
Commercial Real Estate & Business News – November 22, 2023
Walmart Q3 Tops Estimates on Strong U.S. Sales; Strikes Cautious Note Walmart reported third-quarter earnings and revenue that topped expectations with growth across all segments. Grocery once again led U.S. sales. The retail giant also raised its annual outlook, although it came in slightly below what analysts were expecting. On the company’s…» More Remote-Only Workers […]
Commercial Real Estate & Business News – November 21, 2023
HonorHealth Breaks Ground on Medical Campus in Peoria HonorHealth, a leading Valley healthcare system serving more than five million people in the greater Phoenix area, broke ground today on their latest healthcare facility, HonorHealth Medical Campus at Peoria. The new HonorHealth Medical Campus at Peoria will be a one-stop-shop for a variety…» Several Factors Combined […]
Commercial Real Estate & Business News – November 20, 2023
Specially Serviced Assets Keep Sliding in Value After a tough first half of the year for valuations, particularly among specially serviced properties, the third quarter of 2023 continued apace, according to a new report from CRED IQ. As a reminder, the first half of 2023 was bad. CRED iQ reviewed 190 appraisals of major properties […]
Commercial Real Estate & Business News – November 17, 2023
CRE Price Declines are Starting to Stabilize Trepp regularly watches property prices, using an index technique to show relative strength compared to some baseline year. Right now the Trepp Property Price Index, self-described as a “vital tool for gauging the health of commercial real estate,” has seen a continuous decline since…» PTK Spotlight: Arizona Land […]