Commercial Real Estate & Business News – October 13, 2021

A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy gifts earlier, a development that would support retail property values in the pandemic.ICSC released on Tuesday the results of its annual Holiday Shopping Intentions Survey, which found…»

There has been a lot of speculation around when corporate America will return to the office en masse. It isn’t easy to peg a long-term trajectory for the office industry when the companies that occupy office buildings are making varied decisions along a spectrum of return dates. Some companies brought their people back last year, more…»

The nonresidential construction industry is seeing some positive momentum following consistent slowdowns in the summer months. Dodge Data & Analytics’ latest Momentum Index for the month of September showed an 11.4 percent increase to 164.9, up from August’s reading of 148.0.Dodge’s Momentum Index is a monthly…»

As the country begins its economic recovery efforts in all industries, it remains clear that last-mile logistics and solid infrastructure are key to seamlessly fueling growth throughout commercial real estate and beyond. Historically, the health of the commercial real estate segment has been a trustworthy indicator of the elasticity of the…»

A Philadelphia real estate investment firm paid a record-setting $1.1 billion for 74 business parks in Phoenix and Tucson in the latest high-dollar deal in Arizona’s in-demand industrial market.Equus Capital Partners bought the portfolio of 342 smaller infill industrial buildings, totaling 7.3 million square feet. The portfolio is 98% leased to an…»