Commercial Real Estate & Business News – February 17, 2023
Semiconductor Supplier Picks Peoria for Manufacturing Plant HyRel Technologies, a semiconductor modification and contract manufacturing company, announced Wednesday it began operations at its Peoria plant that spurred creation of 50 new jobs. HyRel is leveraging its…» Investors Are Fleeing the Home-Buying Market The high cost of borrowing continues to affect the single-family home purchase market […]
Commercial Real Estate & Business News – February 16, 2023
Core Retail Sales Rise in January in Every Category Retail sales rebounded in January amid a pick-up in post-holiday spending. Retail sales in January were up 1.5% from December and increased 4.8% year-over-year, according to the National Retail Federation, whose calculation excludes…» Amazon CEO Still Wants to ‘Go Big’ on Retail Grocery: Report Amazon Fresh […]
Commercial Real Estate & Business News – February 15, 2023
The Economic Impact of Arizona’s Sports & Tourism Sector The Arizona Sports and Tourism Authority estimated the impact of hosting the Super Bowl in 2015 to be $719.4 million[i]. By all accounts, the upcoming 2023 event should be even larger. The entire sector of sports and tourism in Arizona, however…» 2022 WM PHOENIX OPEN INJECTS […]
Commercial Real Estate & Business News – February 14, 2023
Poll Results: When Deals, Financing Will Pick Up In CPE’s latest monthly poll, commercial real estate professionals were asked about their thoughts on when the financing of new deals, as well as transaction volumes could reach more productive levels. The results reveal a…» Mastercard: In-Store Spending Tops Online in January; Total Sales Up 8.8% Consumers […]
Commercial Real Estate & Business News – February 10, 2023
Fed Reports Tighter Standards and Weaker Demand for CRE Loans The January 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve has the type of headline results for commercial real estate lending that you might expect: tighter standards and weaker demands across all…» So Far 2023 Is Not Shaping Up […]
Commercial Real Estate & Business News – February 9, 2023
Here is Where You Will Find Distress in Multifamily Rents may be falling but fundamentally multifamily fundamentals are very strong. Widespread distress is highly unlikely to happen; indeed forecasts for the asset class’ long-term growth are quite rosy. But for investors eager to get a cost-effective…» State Farm Mulls Real Estate Needs as US Sublease […]