Commercial Real Estate & Business News – September 12, 2024
Multibillion-dollar semiconductor project proposed in Peoria Another multibillion-dollar semiconductor manufacturing plant is being proposed in Arizona. Phoenix-based Hyperion Technologies Inc., a newly formed company, is planning to establish a West Valley manufacturing plant for high-density interconnect substrates, which support the functionality of…» Inflation Comes in Under Expectations at 2.5% The Consumer Price Index increased month […]
Commercial Real Estate & Business News – September 11, 2024
Institutional Money Heads Back to CRE Investing Says PGIM Real Estate Head For the last two years, the CRE markets have wondered when the big money — the reported huge amounts of capital sitting on the sideline — would re-enter. Well, we might have our answer now. Head of U.S. equity at PGIM Real […]
Commercial Real Estate & Business News – September 10, 2024
Big Lots files Chapter 11, agrees to $620 million sale to Nexus Capital Closeout retailer Big Lots has struck a deal to be acquired by private equity firm Nexus Capital Management for $620 million as part of its bankruptcy proceeding and plans to move forward with a store footprint that’s “more focused.” The Columbus, Ohio-based […]
Commercial Real Estate & Business News – September 9, 2024
Fed’s Waller, Williams Signal Upcoming Rate Cut Following a weaker-than-expected jobs report, two Federal Reserve policymakers on Friday said separately that the time has arrived to begin lowering the benchmark federal funds rate. Federal Reserve Governor Christopher Waller and New York Federal Reserve President…» CRE Prices Are Stabilizing The commercial real estate sector remains for […]
Commercial Real Estate & Business News – September 6, 2024
Apartment Earnings Point to Continued Momentum The positive momentum that began in the first quarter for the apartment sector has largely carried forward into peak leasing season across most markets, according to a RealPage review of Q2 earnings reported by larger multifamily REITs. Apartment demand continued to be strong during…» Scottsdale-based Putting World looks to […]
Commercial Real Estate & Business News – September 5, 2024
Commercial and multifamily borrowing and lending is expected to see a 26% increase from last year’s total of $429 billion. The Mortgage Bankers Association (MBA) in its updated baseline forecast is calling for the year’s total to be $539 billion. For multifamily lending alone, the MBA expects…» Landlords Face $1.5T Maturity Wall Before 2026 For […]