Commercial Real Estate & Business News – January 10, 2023

Retail landlord Macerich has closed on or is in the process of refinancing or securing loan extensions just shy of $1.4 billion for four of its malls and shopping centers. The Santa Monica, California-based real estate investment trust said Monday it had…»

A global company known for manufacturing high-tech materials based on specialty glass — used in everything from stovetops in the kitchen to microscopes in the laboratory — is making Phoenix the base for its U.S. diagnostics division…»

Demand for new apartment leases has “all but evaporated” as consumer confidence remains low and inflation continues to rise, according to the latest data from RealPage. In other words, say farewell to the days of record-high household formations…»

Inflation and the higher interest rates accompanying it have finally begun to curtail the largest commercial real estate construction boom by square footage recorded for any property type in the U.S. since the 1980s. About 134 million square feet of…»

There are still a lot of reasons to invest in apartment properties—despite uncertainties and surprises both in apartment markets and the larger U.S. economy. Net demand for apartments ended in negative territory for calendar 2022, according to Real Page…»