Commercial Real Estate & Business News – February 28, 2024
A Significant Share of Banks Are Overexposed to CRE Anyone in the industry could reasonably be tired of hearing how much trouble banks potentially face over CRE loans — especially the bankers. It’s not that people are enjoying this. And it’s not as though huge numbers of banks are about to fold. The concerns are […]
Commercial Real Estate & Business News – February 27, 2024
Economists Revise Projections For US Growth This Year The latest National Association for Business Economics (NABE) survey of forecasting economists about the outlook for 2024 and 2025 suggests that things are looking up since its take last quarter. They’re projecting real (inflation-adjusted) 2.2% GDP growth, versus the median…» Reshoring Puts Some Regions on Track for […]
Commercial Real Estate & Business News – February 26, 2024
Fairmont Scottsdale Princess Eyes Expansion of Guest Rooms, Restaurants, Event Spaces & More An iconic Scottsdale resort is looking to up its game. The Fairmont Scottsdale Princess filed a request to the city of Scottsdale to update its master plan. The request, which will be considered by the Scottsdale Planning Commission on Feb. 28, seeks […]
Commercial Real Estate & Business News – February 22, 2024
Metro Phoenix Dity Inks Deal with Amkor for Largest Semiconductor Testing Facility in US Amkor Technology Inc. cleared a major hurdle on its path to construct a $2 billion packaging and testing complex in the northwest Valley on Tuesday night, when Peoria’s leaders gave their enthusiastic support for an agreement to construct the project on […]
Commercial Real Estate & Business News – February 21, 2024
Slight Uptick In CRE Loan Closings Signals Possible Stabilization Of Financing Market The pace of commercial real estate loan closings inched up toward the end of last. year, signaling a possible change in sentiment among banks and other CRE lenders. The CBRE Lending Momentum Index increased by 1% in the fourth quarter, marking the first […]
Commercial Real Estate & Business News – February 20, 2024
Let’s Accept It: The Fed’s Rate Hikes Did Little to Slow this Roaring Economy Can’t stop won’t stop? OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. And as we walk into retail earnings hell — a period where too many retailers report […]