Commercial Real Estate & Business News – November 11, 2022

Happy Veteran’s Day! 

Thank you to all the men and women that serve our country!

Forecasting the Future of Warehouse Demand

Transwestern released its analysis of a decade of warehouse demand and then trying to understand its future. A story of a decade comes out immediately in a succinct summation: “Since the end of the Global Financial Crisis in 2009, industrial real estate has been…»

San Francisco-Based Prologis Breaks Ground on Second Phase of Industrial Park Near Sky Harbor

Three new industrial buildings are in the works just to the west of Phoenix Sky Harbor International Airport. San Francisco-based Prologis Inc. (NYSE: PLD) broke ground Wednesday on phase two of its namesake park: the Prologis I-17 Logistics Center on the…»

Outlook Worsens for Commercial Real Estate Finance Industry

The downbeat attitude on the outlook for commercial real estate finance worsened in the third quarter, professionals said in a new survey. Concerns are coming from several now-familiar fronts, according to the CRE Finance Council, the association that…»

Avondale Commons Mixed-Use Development Will Break Ground

A celebratory groundbreaking ceremony is scheduled to take place on Tuesday, November 15, 2022 at 1 p.m. to mark the commencement of construction on Avondale Commons, an Overland Group, Inc. project. This exciting new…»

Consumer Spending Continues to Grow, BofA Data Shows

Bank of America Institute released a new publication today which shows that discretionary consumer spending per household continued to increase in October, up 2.9% year over year (YoY) but down from 3.2% in September, according to…»