Commercial Real Estate & Business News – January 20, 2023

Freddie Mac Exceeds 2022 Affordable Housing Goals

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…»

NRF: Holiday Sales Rise 5%, Just Miss Forecast

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…»

Where Demand for Industrial Space is Coming From Now

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…»

BMO’s $16.3 Billion Bank of the West Deal Wins US Regulatory Nod

(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…»

Massive Jove Solar Project in Arizona Moves Closer to Reality

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…»