Commercial Real Estate & Business News – July 5, 2023

For those who have been worried about the banking system, the Federal Reserve brings news of its “annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a…»

Retailers, developers and leasing agents who attended the ICSC LAS VEGAS 2023 conference in May left the show cautiously upbeat about the state of retail. It was only the second consecutive gathering since the pandemic shut down the annual show in 2020…»

The growth plans of the nation’s foremost retail tenants vary wildly, according to Northmarq’s second-quarter report, The Top 100 Tenant Expansion Trends. The report first reviews the S&P and Moody’s credit ratings for these top 100 tenants. It then reviews 14 categories of retail tenants: Apparel; Automotive…»

Despite continued economic uncertainty, multifamily rents have continued to increase through the first half of the year due to the demand created by strong job growth and new household formations, according to a new outlook from Yardi Matrix. “We anticipate that rents will continue to increase…»

With an estimated 43.2 million drivers expected to hit the open road for the Fourth of July, according to AAA, the national average for a gallon of gas registered a four-cent decrease since last week, bringing the total average to $3.54 — just 40 cents less than the Arizona average…»