Commercial Real Estate & Business News – January 8, 2024

Many U.S. industrial properties began 2023 in a well-leased position and remained that way throughout the year. Even property owners with leases that were expiring were, in most cases, able to renew those leases, often at rents that were more than 40% higher than rents that…»

A remark many have made to GlobeSt.com over the last year or two is the volume of dry powder sitting on the sidelines, the possessors of the capital waiting for the right moment to leap in and take advantage of the market. Looking for distressed properties. Maybe feeling safe…»

Lennar Corp. (NYSE: LEN) beat out three other bidders in a fight for prime infill land in an Arizona State Land Department auction on Jan. 3. The 79.85-acre parcel just east of Six Flags Hurricane Harbor Phoenix water park started at a minimum bid of $15.7 million and slowly ratcheted…»

With 2024 bringing the chance for new beginnings and finding a better job often proving to be more effective at keeping up with inflation than cost-cutting, the personal-finance website WalletHub today released its report on the Best Places to Find a Job in 2024. And Scottsdale…»

As the New Year rolls in, 2023 is hanging on when it comes to multifamily rent growth. Apartment List reported that the market closed in December with national median rent dropping 0.8% to $1,379. That was the fifth month in a row in which rent growth was negative. Year-over…»