Commercial Real Estate & Business News – December 30, 2024
Council Approves Long-Bashed Mercado Village Project And the “If At First You Don’t Succeed Award” goes to … If there was such an award in Scottsdale, few could argue it going to Mercado Village. By a 6-1 vote Dec. 4, City Council gave the project on Shea Boulevard and 92nd Street – across from HonorHealth […]
Commercial Real Estate & Business News – December 23, 2024
Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers The CRE industry has been monitoring bank lending — particularly delinquencies, net charge-offs, and criticized loans. While all are important, it’s worthwhile to examine originations. They seem on the mend. Trepp looked at trends in its Trepp’s Anonymized Loan-Level…» Only […]
Commercial Real Estate & Business News – December 20, 2024
Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers The shocking strength of the economy helps explain the Federal Reserve’s Scrooge-like plans for interest-rate cuts next year. And the latest update on GDP over the summer offers another reminder. The U.S. economy expanded at a frothy 3.1% annual pace […]
Commercial Real Estate & Business News – December 19, 2024
Fed cuts key interest rate but signals elevated inflation is likely to persist The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep what appears to be a steady but cooling economy stable. The move, the Fed’s third rate cut of the year, reduces the central bank’s target […]
Commercial Real Estate & Business News – December 18, 2024
Phoenix retail leasing volume accelerates to decade high Leasing volume is ramping up in the Phoenix retail market as sustained demand and an uptick in for-lease inventory encourage deals. The second and third quarters of 2024 each recorded an average of about 2.2 million square feet of new retail leases, marking the strongest…» Office, Multifamily […]
Commercial Real Estate & Business News – December 17, 2024
Arizona’s economy: Headed into uncharted waters Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in the preliminary data and may be growing even faster than the…» Phoenix clears apartments near TSMC for development An […]