Commercial Real Estate & Business News – June 13, 2024

Soltrust Residential REIT (Formerly Blueprint Capital REIT), an innovative REIT specializing in development of infill, build-to-rent, and value-add apartments, created Alloy Midtown to live up to its name. Alloy is a combination of metals blended into one that creates a stronger…»

FrameTec, an Arizona building component maker, is a step closer to “covering the state” after a recent approval from Casa Grande’s Planning & Zoning Commission. The Camp Verde-based company got the go-ahead from the commission on June 6 for a major site plan related…»

Employment growth was surprisingly strong in May, as employers added 272,000 jobs, according to the federal Bureau of Labor Statistics. This was far above consensus expectations of 180,000 in a market that had shown signs of cooling.

Revisions to earlier months brought…»

It is little secret that the market is worried about regional banks that have a high concentration of commercial real estate loans. Moody’s just placed six banks on review for their concentration of loans in this category. And now Pacific Investment Management Co., or Pimcoexpects more regional…»

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties. In April, the typical home value in the United States was $359,402—4.4%…»