Commercial Real Estate & Business News – August 1, 2023
Key Apartment Markets Show Strong Demand in Q2 Progress can make a big difference in investors and developers’ mindsets even if it’s not back to what had occurred at a peak. Though apartment demand in the second quarter of this year in the U.S. didn’t compensate fully for the net move-outs of last year, some…» […]
Commercial Real Estate & Business News – July 31, 2023
Phoenix could build 32,000 new homes on its vacant land, analysis shows As Phoenix’s population continues to surge, with over 30,000 newcomers in the last three years, the demand for housing is reaching critical levels. Phoenix is in a unique position to solve its own housing crisis, considering it ranks third nationally for undeveloped and […]
Commercial Real Estate & Business News – July 28, 2023
Fed Staff Drop US Recession Forecast, Powell Says WASHINGTON, July 26 (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank’s staff no longer forecasts a U.S. recession, and “we do have a shot” for inflation to return to target without high levels of job losses. Powell told a news conference […]
Commercial Real Estate & Business News – July 27, 2023
Consumer Confidence Climbs to 2-Year High as Worry Over Inflation and Recession Ease The numbers: A survey of U.S. consumer confidence climbed to a two-year high of 117.0 in July, a sign that Americans are growing more optimistic about the economy. The closely followed index rose 6.9 points from a revised WAS 110.1 in June, […]
Commercial Real Estate & Business News – July 26, 2023
US Multifamily Demand Picks Up Steam Apartment demand is rising across U.S. several markets through the first half of 2023, an encouraging turn after demand underperformed last year. Dallas-Fort Worth, Houston, Phoenix, Atlanta and Austin, Texas, all report rebounding demand. While Dallas-Fort Worth and Houston led the…» Back-to-Work Mandates and Overall Economic Growth Trends Help […]
Commercial Real Estate & Business News – July 25, 2023
Pivotal Group submits proposal for reimagined “The Central Park” mixed-use project Three years after starting the marketing process for a massive mixed-use project in midtown Phoenix and a lengthy reevaluation during the Covid-19 pandemic, Pivotal Group is set to bring “The Central Park” back in front of city officials. Pivotal Group Inc., a high-profile Phoenix […]