Commercial Real Estate & Business News – October 18, 2023
Will 2024 Mark a Turning Point for Office? The drumbeat of bad news from the office sector has been so pervasive over the past years that it has almost become a fact of life. But a new report from JLL suggests that 2024 could mark a turning point — with the possibility in a few […]
Commercial Real Estate & Business News – October 17, 2023
Senior Housing Demand Continues to Outpace New Supply The senior housing market appears set for a steady and ongoing recovery, with occupancy levels in 2024 expected to meet or exceed pre-pandemic levels, provided no unforeseen difficulties occur. That is the conclusion of an analysis of 3Q 2023 data by the National Investment Center for Seniors […]
Commercial Real Estate & Business News – October 5, 2023
Olympus Property Adds to Arizona Multifamily Portfolio… GILBERT, AZ – Olympus Property, a renowned real estate investment and property management company, announced the successful acquisition of Aiya, a 360-unit garden-style community nestled in the heart of Gilbert, AZ. Crafted in the image of a high-end resort, this Class A newly developed property is widely…» Chandler […]
Commercial Real Estate & Business News – October 4, 2023
Survey: Investors Expect Crash in Office Prices Office prices in the U.S. are headed for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey. About two-thirds of survey respondents believe the U.S. office market will only rebound…» More Apartments Planned […]
Commercial Real Estate & Business News – October 3, 2023
More Forecasters See a Soft(er) Landing For Economy More decision-makers at the Federal Reserve and on Wall Street are coming around to the view that the U.S. economy can avoid a crash—or at least have a kinder, gentler recession than they once predicted. Economists at Deutsche Bank issued a revised outlook for the economy Monday, […]
Commercial Real Estate & Business News – October 1, 2023
Freddie Mac Apartment Investment Market Index Rises Again in Q2 The Freddie Mac Multifamily Apartment Investment Market Index (AIMI) rose by 5.1% in the second quarter. This was the second consecutive quarterly increase of AIMI nationwide and in all 25 markets. On a year-over-year basis, the index saw a decrease nationwide and in 23 markets. […]