Commercial Real Estate & Business News – November 1, 2024

Global Returns on Real Estate Turn Positive for First Time in Two Years

Global returns on real estate turned positive in the second quarter of 2024 for the first time in two years, Nuveen said in a new report, as income returns mitigated value losses. This suggests “a budding recovery in the asset class,” wrote Donald Hall, global head of…»

Sun Belt dominates ULI’s annual ranking of most promising real estate markets

Stability is the name of the game when it comes to the priorities of real estate investors heading into 2025, with attention turning to the nation’s Sun Belt as markets across the southeast maintain their post-pandemic expansion streak. Dallas won the leading spot as the most promising…»

Developer preps for redevelopment of Hayden Flour Mill

The Hayden Flour Mill was the backdrop to Lorenzo Perez’s childhood. Anytime he’d visit his grandparents in Tempe and play outside, the mill stood out in Tempe’s skyline. When he attended Arizona State University to study architecture, the mill was a studio project site to let imaginations run rampant…»

Consumer confidence surges in October to highest level since January

U.S. consumers showed renewed faith in the economy in October as fears about a recession faded and optimism about the future increased. The Conference Board’s Consumer Confidence Index rose to 108.7 in October, up from 99.2 in September. It was the biggest monthly increase since…»

Here’s how much single-family rental prices in Arizona have increased

Rentometer has just released its Q3 2024 National Single-Family Rentals Report, which highlights significant trends in the U.S. single-family rental market. Are you wondering how much single-family rental prices in Arizona have increased? Here are a few key takeaways regarding single-family rental prices in…»