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Commercial Real Estate & Business News – March 21, 2024

Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now

The Federal Open Market Committee on Wednesday didn’t budge on interest rates, noting that it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” the central bank said…»

The Bumpy Road to Calming Inflation

Nobody said that taming inflation would be easy. The Federal Reserve has been vocal in expressing caution that the fight is not done, and it would be premature to begin relaxing its vigilance. However, last week’s Bureau of Labor Statistics report brought proof to many that bringing…»

NRF: Retail Sales to Reach at Least $5.23 Trillion in 2024

U.S. retail sales are expected to rise at a steady but slower pace in 2024 compared to last year. The National Retail Federation (NRF) on Wednesday forecast that retail sales will increase between 2.5% and 3.5% in 2024, to between $5.23 trillion and $5.28 trillion. That compares with…»

Why Hasn’t the Distress Been Worse?

The office market is leaving many CRE professionals, economists, policymakers, and others scratching their heads. Refinancing is tough. The Federal Reserve and bankers keep warning their concern over the state of loans. Gig waves of maturity are reportedly about to hit at a time when…»

E-Commerce Giant Amazon Inks Huge Lease in West Valley

Amazon.com Inc. has signed another massive industrial lease in metro Phoenix, adding to its substantial portfolio in the Valley. Amazon (Nasdaq: AMZN) will fully lease a 1.2 million-square-foot building for 10 years at The Cubes at Glendale industrial park, according to a new Cushman…»