Commercial Real Estate & Business News – May 25, 2023

Fed Uncertain About More Rate Hikes, Minutes Show

Federal Reserve officials indicated significant uncertainty over the path forward for monetary policy, minutes from their May 2-3 meeting show. Central bank officials acknowledged a need to keep their options open as they debated whether to keep raising interest…»

Retail Industry Remains Optimistic, With Low Vacancies and Rising Rents, Despite Troubled Economy

Blackstone Group, touted as the world’s largest real estate investor, remains bullish on retail property despite an uncertain economic outlook for the last half of the year. Stephanie McGowan, a managing director at the private-equity firm, was asked if her company…»

$1.8B Phoenix Mixed-Use Lands Financing

McBride Cohen Co., Cantor Fitzgerald and Silverstein Propertieshave closed on a $233 million construction loan for the development of the first phase of South Pier at Tempe Town Lake, a large mixed-use master-planned development in Tempe, Ariz., in the Phoenix area. Funding…»

The Out-of-Home Entertainment Landscape Evolves

At the outset of the pandemic, out-of-home entertainment attendance came to a screeching halt, says in a new white paper. Now, more than three years later, movies, restaurants and casinos are welcoming patrons once again. That being said, in comparing 2023 to pre-pandemic…»

6 Tenants coming to PV Development at Paradise Valley Mall site

PHOENIX — Six tenants are coming to the PV development at the Paradise Valley Mall site that is slated to open next year. Two Fox Restaurant Concepts eateries, Blanco Cocina + Cantina and Flower Child, will join the lineup at the location near Tatum Boulevard…»