Commercial Real Estate & Business News – June 18, 2024

Economic Commentary: Consumer Spending Drives Retail Price Cuts

While many eyes have been on the (perhaps unsurprising) news that the Federal Open Market Committee opted to keep its current interest rate as is, other economic indicators have been pointing to a “slow start to the beginning of the second quarter,” said John Beuerlein, Chief Economist of…»

Grocery Stores’ Enduring Appeal to Shoppers, Investors and Developers

Space for lease in grocery-anchored, mixed-use development with small shops, multifamily and office centrally located across the street from entertainment venue.

Sound like a desirable retail location? Don’t call the broker until you get a look at the property: That’s Trajan’s Market in...»

Greenlight Communities Introduces Two New Budget-Friendly Communities

Greenlight Communities, along with property management company Bryten Real Estate Partners, has begun leasing at its two newest apartment communities, Streamliner 67th and Streamliner 16th, in metro Phoenix. With move-ins set to begin in July and August, Greenlight’s Streamliner communities …»

Top 7 Arizona Cities for Luxury Rentals

Affluent lifestyle renters have skyrocketed in recent years, driving up the demand for luxury single-family rentals across the U.S. And they want more—modern amenities, extra space, and no mortgage hassles. Arizona follows this trend, offering diverse options for…»

Can Mortgage Rates Keep Falling? Job Market Data is the Key

Since May 29, we’ve witnessed a decline in the 10-year yield, which has been favorable for mortgage rates. The critical question is: Can this trend persist? Clues from the recent Fed meeting and the softening inflation data hint at a potential continuation — if the labor data gets softer. How is this affecting…»