Commercial Real Estate & Business News – October 18, 2024
Blackstone sees Fed rate cut as ‘catalyst’ for deals, higher property values Blackstone shares surged to a record high Thursday after the world’s largest commercial property owner reported a better-than-expected third-quarter result and an improved real estate investment performance. The private-equity firm invested or committed $54 billion in the quarter, the highest amount in over…» […]
Commercial Real Estate & Business News – October 17, 2024
Much of CRE Is Moving Toward Greater Stability Says Moody’s A Moody’s report has evaluated the steadiness of multifamily performance, continued but not increased stress in office, a fall in retail vacancy, and a cooling of industrial sector. After the highs and lows of the last few years, this sounds like a big reversion to […]
Commercial Real Estate & Business News – October 16, 2024
TSMC jump starts housing, business development in north Phoenix The cranes, visible from miles away, loom over a massive microchip “fab” taking shape in the desert near Loop 303 and Interstate 17. But far more is happening in the North Valley beyond the Taiwan Semiconductor Manufacturing Co. plant, the engine driving much of that…» RealPage […]
Commercial Real Estate & Business News – October 15, 2024
Retail Sector Logs 11th Quarter of Sub-5% Vacancy Consumer resiliency has helped drive core retail sales to a new record in August, with spending up in real terms even after factoring in core CPI inflation. This strength helped drive tenant demand, and the retail sector entered the second half of 2024 as the only major […]
Commercial Real Estate & Business News – October 14, 2024
Commercial Real Estate: A Cause for Optimism Over the past several months, multiple experts have awaited the Federal Reserve to put an end to ongoing monetary tightening. In September, the Fed did so, cutting the Effective Federal Funds Rate (EFFR) by 50 basis points. While this doesn’t mean that dry powder will suddenly start flowing […]
Commercial Real Estate & Business News – October 4, 2024
Luxury Apartments Appeal to Households Squeezed out of Homeownership Luxury apartments are benefitting from challenging homeownership trends that appear to be prompting many higher-income households to rent luxury apartments instead of transitioning to first-time home ownership. According to Marcus & Millichap’s September housing research…» Apartment investing conditions improve, Freddie Mac says The Apartment Investment Market […]