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Commercial Real Estate & Business News – April 23, 2024

U.S. CRE Price Declines Continue Deceleration in March

The pace of decline in U.S. commercial real estate prices decelerated in March for the eighth month in a row, led by improvements for industrial sector, MSCI Real Assets said Thursday. The RCA CPP National All-Property Index fell 3.0% from a year ago and 0.2% from February…»

New Peoria Logistics Park Fills up With Tenants, Including Two Major Food Brands

Following the completion of a Frito Lay distribution facility, a new logistics park in the West Valley has landed other major tenants with even more on the way. Texas-based Frito Lay was the first tenant to move into the Peoria Logistics Park at 75th and Northern avenues, which…»

Here’s What Some Top Tenant Reps Expect on US Industrial Property Performance in 2024

After a record run of distribution center expansions in 2021 and 2022, U.S. industrial tenants have proceeded much more cautiously in recent months. Early 2024 data shows that industrial tenants have continued to lease and occupy more U.S. industrial space, but at the slowest…»

Greystar Delivers 1 Million SF of Industrial Space at Gateway Grand

Greystar, a global leader in the investment, development, and management of institutional quality commercial real estate, today announced the completion of its first 1,074,858 square feet at Gateway Grand, a Class A industrial development in Mesa, Arizona, and the company’s first…»

NMHC Index Says Multifamily is Playing a Bigger and More Important Role

The just-released quarterly survey for April 2024 conducted by the National Multifamily Housing Council confirms what many owners and operators already know: nationally, the market is looser – meaning there are higher vacancy rates in the sector and lower rent growth…»