Commercial Real Estate & Business News – September 27, 2023
Multifamily Weighs In on Another Rate Pause The Federal Reserve and the Federal Open Markets Committee paused interest rates today. For at least the time being, the federal funds rate will remain at a range of 5.25 percent to 5.5 percent. In June, after 10 consecutive hikes, the committee took its first pause in a […]
Commercial Real Estate & Business News – September 26, 2023
How Verrado Became a California Oasis in the Middle of the Desert Buckeye is one of the fastest-growing cities in the country. Its population boomed from about 50,000 in 2010 to just over 105,000 and could grow even more to 310,000 by 2040. And once all 27 of Buckeye’s master planned communities are built, the […]
Commercial Real Estate & Business News – September 25, 2023
Retail Can’t Shake Perception of Being Oversupplied After hitting 56.5 square feet of retail space per capita in early 2009, the high-water mark for shopping center space in the U.S. that coincided with an onslaught of retail space additions, the amount of retail space per capita within the largest 45 retail markets across the U.S. […]
Commercial Real Estate & Business News – September 22, 2023
Phoenix, SLC & Vegas Lead the Western US in Industrial GrowthPhoenix, Las Vegas and Salt Lake City all recorded double-digit annual rent increases in the 12-month period ending in the second quarter, making them some of the strongest-performing industrial markets in the United States. These three markets have similar drivers that are supporting…» Multifamily Is […]
Commercial Real Estate & Business News – September 21, 2023
The Fed Maintains Its Wait-and-See Stance The Federal Reserve’s policy-setting committee on Wednesday voted to leave its policy rate unchanged, suggesting that the economy is moving in the right direction and inflation impulses are easing. The decision leaves the overnight lending target rate for banks at between 5.25% and 5.5%…» Partners Move Forward on Long-Planned […]
Commercial Real Estate & Business News – September 20, 2023
Here’s How Arizona Bioscience Construction Boom Impacts Region In recent years, Arizona has seen rapid growth in its population, its bioscience sector, and its healthcare infrastructure. The momentum is continuing to build — especially when it comes to Arizona bioscience construction and building. Like the sciences they support — these structures are the result of studies…» […]