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Commercial Real Estate & Business News – May 15, 2024

CRE Transaction Numbers May Be Seeing Some Recovery

There’s a bit of a turnaround in CRE sales transactions, according to a Moody’s CRE report. But the current results and trends vary by property type and a return to pre-pandemic normalcy will need the help of the Federal Reserve’s reduction of interest rates. “CRE transactions…»

Online Grocery Sales Up 4% Year-over-Year in April; Flight to Mass Retailers Continues

U.S. online grocery sales rose to $8.5 billion in April, driven by growth across all three delivery segments. That’s according to the most recent Brick Meets Click/Mercatus Grocery Shopper Survey, which was fielded April 29-30, 2024. The sales uplift was driven largely by…»

Will Mortgage Rates Fall After this Week’s Inflation Report?

While the Federal Reserve won’t meet again until June, and thus, a formal adjustment to interest rates won’t happen until then, it doesn’t mean that May will be uneventful. Observers will instead turn to the Bureau of Labor Statistics as they prepare to release their inflation report…»

Does Data Center Power Need Pose Risk to Continued Growth?

Data centers are the brains of today’s economy, providing the technological infrastructure for companies across many sectors, enabling both mission-critical services and modern conveniences alike. Greater Phoenix continues to be a destination for data centers, thanks in part…»

3 US Cities Drawing More Millionaires with Lower Taxes, Cheaper Homes, & Shorter Commutes

Consulting firm Henley & Partners identified 3 US cities with huge potential for wealth growth. They have faster growth in millionaire residents, said Henley, which advises the wealthy on moving. Scottsdale, Palm Beach, and Greenwich draw high-net-worth people leaving…»