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. […]
Commercial Real Estate & Business News – September 29, 2023
Billion-Dollar CrackerJax Redevelopment Project Gets Approval The next billion-dollar development project in north Scottsdale took another step toward reality on Wednesday. A rezoning for The Parque — a mixed-use development at the site of the former CrackerJax amusement park — was recommended for approval on Sept. 27 by the Scottsdale…» Legacy Park Stuff Heading to […]
Commercial Real Estate & Business News – September 28, 2023
Will the Fed Raise Interest Rates One More Time This Year? Consumers and investors were spared from a 12th rate hike when Federal Reserve officials voted to keep their benchmark borrowing rate steady at their September meeting. Don’t take the pause as an indication that officials are ready to sound the all-clear on their firefight […]