Commercial Real Estate & Business News – October 19, 2023
In an Unusual Move, Big Bank Balance Sheets Shrink CRE Lending There’s been a big shift in commercial real estate lending. “According to the Federal Reserve, in August large domestic banks saw their aggregate loan balances tighten for the first time since January 2022, and their loan balances have declined further over the first two […]
Commercial Real Estate & Business News – October 18, 2023
Will 2024 Mark a Turning Point for Office? The drumbeat of bad news from the office sector has been so pervasive over the past years that it has almost become a fact of life. But a new report from JLL suggests that 2024 could mark a turning point — with the possibility in a few […]
Commercial Real Estate & Business News – October 17, 2023
Senior Housing Demand Continues to Outpace New Supply The senior housing market appears set for a steady and ongoing recovery, with occupancy levels in 2024 expected to meet or exceed pre-pandemic levels, provided no unforeseen difficulties occur. That is the conclusion of an analysis of 3Q 2023 data by the National Investment Center for Seniors […]
Commercial Real Estate & Business News – October 5, 2023
Olympus Property Adds to Arizona Multifamily Portfolio… GILBERT, AZ – Olympus Property, a renowned real estate investment and property management company, announced the successful acquisition of Aiya, a 360-unit garden-style community nestled in the heart of Gilbert, AZ. Crafted in the image of a high-end resort, this Class A newly developed property is widely…» Chandler […]
Commercial Real Estate & Business News – October 3, 2023
More Forecasters See a Soft(er) Landing For Economy More decision-makers at the Federal Reserve and on Wall Street are coming around to the view that the U.S. economy can avoid a crash—or at least have a kinder, gentler recession than they once predicted. Economists at Deutsche Bank issued a revised outlook for the economy Monday, […]
Commercial Real Estate & Business News – October 1, 2023
Freddie Mac Apartment Investment Market Index Rises Again in Q2 The Freddie Mac Multifamily Apartment Investment Market Index (AIMI) rose by 5.1% in the second quarter. This was the second consecutive quarterly increase of AIMI nationwide and in all 25 markets. On a year-over-year basis, the index saw a decrease nationwide and in 23 markets. […]