Commercial Real Estate & Business News – July 28, 2023
Fed Staff Drop US Recession Forecast, Powell Says WASHINGTON, July 26 (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank’s staff no longer forecasts a U.S. recession, and “we do have a shot” for inflation to return to target without high levels of job losses. Powell told a news conference […]
Commercial Real Estate & Business News – July 27, 2023
Consumer Confidence Climbs to 2-Year High as Worry Over Inflation and Recession Ease The numbers: A survey of U.S. consumer confidence climbed to a two-year high of 117.0 in July, a sign that Americans are growing more optimistic about the economy. The closely followed index rose 6.9 points from a revised WAS 110.1 in June, […]
Commercial Real Estate & Business News – July 26, 2023
US Multifamily Demand Picks Up Steam Apartment demand is rising across U.S. several markets through the first half of 2023, an encouraging turn after demand underperformed last year. Dallas-Fort Worth, Houston, Phoenix, Atlanta and Austin, Texas, all report rebounding demand. While Dallas-Fort Worth and Houston led the…» Back-to-Work Mandates and Overall Economic Growth Trends Help […]
Commercial Real Estate & Business News – July 25, 2023
Pivotal Group submits proposal for reimagined “The Central Park” mixed-use project Three years after starting the marketing process for a massive mixed-use project in midtown Phoenix and a lengthy reevaluation during the Covid-19 pandemic, Pivotal Group is set to bring “The Central Park” back in front of city officials. Pivotal Group Inc., a high-profile Phoenix […]
Commercial Real Estate & Business News – July 24, 2023
A Stubborn Bid-Ask Gap is Keeping CRE Transactions Down The term “mind the gap” had its start in England as a reminder that subway patrons should step over the space between the train door and platform. Today in commercial real estate, the gap is a bid-ask transaction one, where buyers and sellers are separated by […]
Commercial Real Estate & Business News – July 21, 2023
‘No Sign of a Recession’: 3 Signs Suggest the US Economy is so Strong it May Not Even Cool to a Soft Landing The US economy has continued to show remarkable strength over the past year despite a barrage of warnings from CEOs and economists that a recession is on the horizon. Even the most […]