Commercial Real Estate & Business News – January 20, 2023

Freddie Mac Multifamily’s production volume for 2022 totaled $73.8 billion, with the government-sponsored enterprise (GSE) meeting its affordable housing goals set by the Federal Housing Finance Agency (FHFA). As part of the total, the GSE had…»

Retail holiday sales were weaker than industry analysts and experts expected as consumers struggled with inflation and higher interest rates. Sales in November and December grew 5.3% over 2021 to $936.3 billion, reported…»

Logistics and parcel delivery remains No. 1 in million square feet requirements for industrial space but other industries have been making traction, according to a new report from JLL. The report showed that the automotive industry has…»

(Bloomberg) — Bank of Montreal has received approval from the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest US lender. After the transaction…»

La Paz County, Arizona, could soon be the site of a large-scale solar energy facility if the U.S. government approves Jove Solar LLC’s application for a 30-year right-of-way grant. The project’s plan and the environmental concerns were discussed during a…»