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 […]
Commercial Real Estate & Business News – March 20, 2024
Only These Two Non-Texas Counties Cracked the Top 10 for Population Growth Last Year Recently released data from the U.S. Census Bureau reiterated Texas’ demographic dominance. According to the bureau’s 2023 Vintage Population Estimates, the Lone Star State had eight of the top 10 fastest-growing counties in the United States from July 1, 2022, to […]
Commercial Real Estate & Business News – March 19, 2024
Kohl’s to Roll Out 200 Babies R Us, 140 Sephora Stores at Its Retail Locations This Year Kohl’s (NYSE: KSS) has announced plans to roll out 200 Babies R Us shops this fall at existing Kohl’s locations. The first Babies R Us shop will debut at an undisclosed Kohl’s store in August. Additionally, the company […]
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 […]