Commercial Real Estate & Business News – August 14, 2023

Despite better-than-expected economic growth in the first half of the year, concerns over the U.S. economic outlook dampened investor sentiment, according to a new report from CBRE. The firm said uncertainty about where interest rates were going and tightening lending standards by…»

Arizona economic development efforts continue to break records and earn international attention. During the 12-month fiscal period that ended June 30, 2023, the Arizona Commerce Authority (ACA) and local economic development agencies successfully worked with companies that committed to…»

Institutional investors have slowed their once rapid pace of single-family rental acquisitions, causing it to register what Yardi Matrix terms “moderate growth” for the first two quarters of this year. Instead, many of these investors are focusing on becoming more efficient in their operations,…»

Scottsdale Fashion Square has another high-profile, new-to-market restaurant coming to the renovated wing of its property. Earlier this week, Doug Healey, the senior executive vice president of leasing at the Macerich Co. (NYSE: MAC), which owns and operates Scottsdale Fashion Square and…»

Banks, particularly regional ones, don’t seem to in the best of shape. Aside from the handful of closures earlier this year, Moody’s cut credit ratings of a group of smaller and regional banks and put a number of bigger banks on review for a potential credit downgrade on…»