Commercial Real Estate & Business News – June 30, 2021

Against the backdrop of real progress against the pandemic and steady signs of economic recovery, new reports from both the CRE Finance Council and RCLCO show the extent of the CRE industry’s optimism about the next 12 months. The CREFC report covers two surveys of the…»

Several of the nation’s largest banks said Monday that they would increase their dividends following the results of this year’s stress tests by the Federal Reserve Board. All 23 institutions that underwent testing remained well above their risk-based minimum capital…»

A pair of global investment firms plan to focus on buying multifamily properties across the United States as larger, institutional players beef up their buying capabilities in a surging apartment market. Kennedy Wilson, an investment company based in Beverly Hills, California, is launching with...»

Ask anyone who’s trying to buy a home these days, and you’ll hear that it’s really difficult. That’s due in part to a lack of inventory, but also to competitive mortgage rates that are fueling buyer demand and causing home prices to rise. But it’s not just homes available to…»

The housing market is looking extremely strong for the Phoenix area in 2021. Realtor.com’s most recent forecast predicts home sales in the Valley will jump 11.4% over last year’s levels, which is more than the national average. The combination of beautiful weather, prestigious…»