Commercial Real Estate & Business News 5-16-2025

WASHINGTON (Reuters) -The U.S. economy is on solid footing with inflation heading to the central bank’s 2% target, but trade policies have clouded the outlook, Federal Reserve Governor Michael Barr said on Thursday. “The economy is on solid footing, with solid growth, low and stable unemployment, and inflation continuing to come down towards our 2% target,” Barr said in remarks prepared…»

The multifamily sector is poised to overcome potential volatility during a period of uncertainty, according to Marcus & Millichap’s second-quarter multifamily national report. Growing concerns over tariffs and policy shifts have weakened both consumer and business sentiment, which could curb household formation, hiring activity and rental demand. However, multifamily fundamentals…»

The Consumer Price Index (CPI) for April rose 0.2% versus 0.3% consensus and -0.1% the prior month, according to the Bureau of Labor Statistics. On an annual basis, CPI printed at 2.3%. This was the slowest annual rate since early 2021, falling short of the consensus expectation that it would hold at 2.4%. Core CPI printed at 0.2% compared with expectations of a 0.3% rise and +0.1% in…»

Healthcare facilities drive development in cities in numerous ways. Hospitals and health campuses need construction crews to build the campus, creating jobs in that sector. Once construction is complete, hospital staffing needs continue to increase employment as well. Beyond creating a powerful economic engine, these centers of healing provide hope to people when they need it most…»

Update: The Tempe Development Review Commission unanimously recommended on May 13 to send The Leo, a two-story student housing project, to City Council for full approval. One notable change was made before the commission made its ruling — enclosing the pick up and drop off location with a roof. Original story: Plans for a two-tower, 20-story student…»