Commercial Real Estate & Business News – July 31, 2024
Interest Rate Cut Coming Soon, but Fed Likely Won’t Tell You Exactly When This Week Powell will have another opportunity to talk about interest rates at an Aug. 22-24 meeting in Jackson Hole, Wyoming, where officials and economists from around the globe discuss policy. The Fed will probably alter its language this week “to reflect the […]
Commercial Real Estate & Business News – July 30, 2024
Modest Pickup in Demand for US Industrial Space Suggests Slowdown May Be Easing At first glance, the second quarter saw little change to recent U.S. industrial market conditions, which have been gradually shifting more in tenants’ favor since the beginning of last year as available industrial space accumulated in ever-greater amounts. Just over 100 million […]
Commercial Real Estate & Business News – July 29
206 Acres of Land in Avondale Sells For $247 Million In one of the biggest commercial real estate deals of the year, QTS Data Centers acquired 206.08 acres of land in Avondale for $246,866,895, according to Vizzda. The sellers were Terry Klinger and Grand View Dairy. The sale breaks down to $1,198,014.82…» Rents Will Eventually Moderate in […]
Commercial Real Estate & Business News – July 26, 2024
U.S. Economy Grew at a 2.8% Pace in the Second Quarter, Much Faster than Expected Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, […]
Commercial Real Estate & Business News – July 25, 2024
How the West Valley Evolved Into Hotbed for Innovation and Growth Buckeye Mayor Eric Orsborn recounts a 2015 story that perfectly illustrates how the perception of the West Valley has dramatically evolved in less than a decade. “Then-Phoenix Mayor Greg Stanton was celebrating an investment the City of Phoenix was making in Buckeye,”…» QTS Plans Another […]
Commercial Real Estate & Business News – July 24, 2024
H1 CMBS Issuance Almost 3X Over 2023 The first half of 2024 has been strong for CMBS, with domestic private-label issuance totaling $42.29 billion, according to Trepp. That is almost three times the $16.47 billion the same period in 2023 saw. It’s also up from $24.6 billion in the first quarte…» Phoenix leads the nation in active industrial […]