Commercial Real Estate & Business News – August 8, 2024

Cap rate expansion may have very well peaked, but uncertainty will delay sales volume recovery until 2025, according to CBRE’s cap rates survey for the first half of the year. Treasury yields remained volatile during the first half of 2024, reacting to economic data that…»

Consistent economic growth and demographic trends sustained multifamily demand at the start of 2024’s third quarter, Yardi Matrix said Thursday. The average U.S. asking rent rose 0.8% year-over-year through July, or $4 to $1,743, a 20-basis-point increase in the growth rate. That…»

In the second quarter of 2024, the share of American renters grew 1.9% year over year to a record 45.2 million, according to a Redfin report. The growth is three times faster than the share of homeowner households, which grew 0.6% to a record 86.3 million. According to the…»

Midway Commerce Center located in Chandler traded hands this week as award-winning real estate development firm Creation sold the three-building, 301,994-square-foot master-planned industrial center to Boston-headquartered Longpoint Realty Partners for $57 million…»

Florida-based Dream Finders Homes Inc. (NYSE: DFH), which made its Arizona debut this summer, just closed on more lots. The national homebuilder recently paid $13.84 million in cash to an entity tracing to New Jersey-based Hovnanian Enterprises Inc. for 123 finished lots within the city of Maricopa…»