Commercial Real Estate & Business News – April 19, 2021
Hotels and Retail Should Recover Faster Than Expected As more Americans are vaccinated, expect certain segments to recover faster over the next 90 days, according to John Chang, senior vice president and director of research services at Marcus & Millichap. “The property types that will see the impact fastest are hotels…» One-of-a-Kind Retail Sportsbook Coming […]
Commercial Real Estate & Business News – April 16, 2021
Kimco Realty, Weingarten Realty to Merge in a Deal Valuing Weingarten at Nearly $4 Billion Kimco Realty Corp. KIM, +2.31% announced Thursday an agreement to buy Weingarten Realty Investors WRI, +12.55% in a cash and stock deal that values the owner of grocery-anchored shopping centers at about $3.9 billion. Kimco’s stock was up 0.2% in […]
Commercial Real Estate & Business News – April 15, 2021
How are Stimulus Checks Being Spent? Two-thirds of Recipients say They use Them for Groceries, Monthly Bills Approximately 159 million economic impact payments, totaling more than $376 billion, have gone out to eligible recipients in the last month — and the majority of that money continues to be spent on groceries, rent and other monthly […]
Commercial Real Estate & Business News – April 14, 2021
Are Californians Ruining the Arizona Housing Market? The median home price of the average single-family home in Arizona has been increasing drastically over the past several years. Since 2015, the Arizona housing market has seen the median closing sale price increase from $211,000 to an astonishing $350,000. While many native Arizonans angrily profess to…» The […]
Commercial Real Estate & Business News – April 13, 2021
Powell Says ‘It will be a while’ Before Fed Taps the Brakes on Economy Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t expect the central banks to start raising interest rates as a result. Asked by CBS News’ […]
Commercial Real Estate & Business News – April 12, 2021
The Economy is on the Cusp of a Major Boom and Economists Believe it Could Last The economy has entered a period of supercharged growth, and instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023. Economists now expect the second quarter to grow at a pace of […]