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Commercial Real Estate & Business News – June 5, 2024

Don’t Sleep on the Possibility of a Fed Rate Cut in July, Economists Say

Most Wall Street economists think investors can take the summer off, with no Federal Reserve rate cut on the horizon. But some economists still say there is a chance the central bank will lower its policy rate at its July meeting. “A July cut is our baseline,” said Steve Englander, head of…»

Build-To-Rent Communities Surge in Phoenix Amid High Home Interest Rates

High mortgage interest rates are pushing prospective homebuyers to consider build-to-rent communities instead. Build-to-rent (BTR) communities with single-family home rentals fill the space between traditional rental properties and housing developments. They are constructed with…»

Sprouts to Open New North Phoenix Store Near TSMC Plant

Phoenix-based specialty grocer Sprouts Farmers Market (Nasdaq: SFM) is set to open its newest store in its hometown near the Taiwan Semiconductor Manufacturing Co. complex being built in North Phoenix. The store will open June 14 at 34750 N. North Valley Pkwy, just off...»

Shoppers Are Coming Back to the Mall, But Will They Recognize It?Consumers are heading back to the shopping mall, which is great news for retail owners, operators and tenants that rely on in-person sales and experiences as part of their respective business models. According to Placer.ai, February and March of this year saw a steady rise in foot traffic at…»
Gen Z Rates Housing Affordability as Top Campaign Issue

Ninety-one percent of adult Gen Zers say housing affordability is the most important issue when considering who to vote for in the upcoming presidential election, according to a survey conducted for Redfin. Gen Zers were more likely to rate affordable mortgages or rents as an important factor in their…»