Commercial Real Estate & Business News – September 19, 2023
Second Quarter CRE Activity Down 50% Year Over Year A new Green Street report by Managing Director and Co-Head of Strategic Research, Daniel Ismail and Harsh Hemnan, analyst on the net lease and ground lease sector teams, looks at the Q2 CRE transaction results for 2023. The results are probably not surprising given all the […]
Commercial Real Estate & Business News – September 18, 2023
Tempe Enters Talks to Revamp Danelle Plaza Tempe has entered formal negotiations with developers to revamp Danelle Plaza, a move that marks the furthest the city has gotten in its years-long effort to renovate the historic yet deteriorating 14-acre site. The Plaza sits at the corner of South Mill Avenue and West Southern Road. It […]
Commercial Real Estate & Business News – September 12, 2023
Multifamily Rents Poised For Robust Increases Further Ahead For the past three years the multifamily sector has experienced a construction boom not seen since the 1970s, which has helped lead to the current moderation of rents. However that may be about to change. According to a new report by Greg Willett of Institutional Property Advisors, rents […]
Commercial Real Estate & Business News – September 11, 2023
Kroger, Albertsons Plan to Sell Over 400 Stores to C&S Wholesale Kroger and Albertsons supermarkets will sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion as part of their proposed $25 billion merger, the companies announced on Friday. The divestiture, which was first reported to be in the works on Tuesday […]
Commercial Real Estate & Business News – September 8, 2023
Banks Are Resilient, but FDIC Says Inflation Rates Pose Risks The banking industry may be resilient, but it is showing signs of stress, according to a report from the Federal Deposit Insurance Corp. on Thursday. Second-quarter earnings at U.S. banks amounted to $70.8 billion, the FDIC said. The tally marks an 11.3% drop from the […]
Commercial Real Estate & Business News – September 7, 2023
The U.S. Economy’s Slow Return to a 2% Norm First half U.S. gross domestic product was a hair over 2%. Inflation expectations are nearly back to 2%. Job growth over last year? You guessed it. Why it matters: It may not last, but right now, it looks like we’re moving back toward the slow growth […]