Commercial Real Estate & Business News – December 8, 2022

ICSC: Nadji Sees Two Rate Hikes Coming, Then a Pause

In September, Marcus & Millichap CEO Hessam Nadji hosted Larry Summers for an online chat in which the former US Treasury Secretary predicted that the Fed’s campaign of rate increases—now 275 bps and counting—would produce a…»

Multifamily Development Drives Phoenix Self-Storage Market to New Heights

The past decade of eye-popping population growth bolstered multifamily development efforts in the Metro Phoenix region. The consequent apartment boom we witnessed over the last decade has naturally created a…»

Digital Brands Crave Bricks-and-Mortar Retail

As Frank Sinatra once sang in a song called “That’s Life,” when “you’re riding high in April, you’re shot down in May.” Digital native brands that flourished in the surge of e-commerce during the pandemic may be humming that tune as they…»

Apartment Cooldown Continues Nationally as Rents Drop for Third Consecutive Month

The U.S. apartment market continued its slowdown last month, the third consecutive month of declining rents. Same-store effective asking rents for new leases nationally fell 0.59% in November, according to Richardson, Texas-based…»

Fed Rate Hikes Are ‘Emptying the Ocean of the Water,’ Barry Sternlicht Says

As the Federal Reserve is expected to hike interest rates again next week in its attempt to curb high inflation, billionaire real estate investor Barry Sternlicht says the U.S. central bank has missed the mark…»