Commercial Real Estate & Business News – September 27, 2024

U.S. commercial property prices edged into annual growth in August amid growing optimism that interest rate cuts will rejuvenate the market, MSCI Real Assets reported. The RCA CPPI National All-Property Index rose 0.6% from July, for a fourth consecutive month-over-month improvement…»

Despite record supply and economic uncertainty, the distribution and warehousing sector remains resilient. While the pandemic-driven e-commerce boom is well in the rear-view, distribution still dominated the largest industrial projects delivered so far in 2024. Plus, signs of renewed…»

Tempe will soon decide the fate of a controversial apartment project that has been slammed by dozens of nearby residents over everything from its design, to its traffic impact and its height. The complex would be called Cabana Kyrene. The plan is to build it on a roughly 8-acre lot at 515 West Guadalupe Road in…»

A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally…»

Metro Phoenix maintained a relatively low rate of people living below the poverty line between 2022 and 2023, but high rent and mortgage rates kept the squeeze on many household budgets, according to newly released U.S. Census Bureau estimates…»