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Commercial Real Estate & Business News – July 29, 2022

Retail is Making a Comeback: Here’s What Experts Say

Even before the COVID-19 public health crisis, brick and mortar retailers were facing headwinds thanks to the convenience of online shopping, with Amazon being emblematic of the supposed death knell of retail. Is the demise of in-store shopping playing out as…»

Fed’s Latest Interest Rate Move Puts More Pressure on CRE

 

Another month, another 75-basis point increase in the Federal Reserve’s benchmark interest rate. And as the overnight inter-bank lending goes—with a target range of 2.25% to 2.5%—so go many other interest rates, including what commercial real estate firms will…»

Developer Unveils New Details on West Valley Industrial Project in Loop 303 Corridor

Las Vegas-based developer IndiCap has unveiled expanded plans for its proposed industrial facility in Glendale, a fast-growing industrial corridor in the Valley. The boutique commercial real estate company said it’s developing Virgin Industrial Park, which will…»

Lucky 13: Scottsdale Firm Snags 13th Valley Multifamily Property for $125M

Zach Haptonstall is on a roll. The CEO of Rise48 Equity LLC just closed on his 13th multifamily property of the year, paying $125 million to Bean Investment Real Estate for the 376-unit complex in Phoenix, with plans to invest another $6.5 million in renovations…»

CMBS Market Warms Up With New Multiborrower Offering, Two Blackstone Deals

The commercial mortgage-backed securities market is warming up a bit as the first new multiborrower deal in about two months is being put together. Also, two deals involving loans on Blackstone Group-controlled portfolios are in the works. CMBS deal issuance slowed dramatically since…»