Commercial Real Estate & Business News – November 8, 2024

The Federal Reserve’s Federal Open Market Committee cut another 25 basis points from the benchmark federal funds rate today as many expected. LPL Financial Chief Economist Jeffrey Roach in an emailed statement called the move “widely expected and well-choreographed.” A bonus is a slight move…»

After the successful development of its first self-storage project in Arizona, Mesa-based Abernathey Holdings has expanded with an additional three across the Valley. The company debuted in Arizona with its first development in Gilbert, which opened in 2022, and made plans to build 10 more…»

Apartment rents are stagnating, but multifamily construction is booming, creating a widening split in the U.S. housing market. According to a new Redfin report, renter households rose by 2.7% in Q3 to 45.6 million—a growth rate nearly three times that of homeownership…»

Dutch Bros Inc., which is headquartered in Oregon but is moving a large chunk of its corporate employees into a new Tempe office, announced better-than-expected results Wednesday in its third quarter earnings report. CEO Christine Barone told the Phoenix Business Journal Nov. 6 that…»

Thompson Thrift, a full-service nationally recognized real estate company engaged in industrial, commercial, multifamily, mixed-use and retail projects across the country, announced today that it has completed construction on the first phase of Germann Commerce Center…»