Commercial Real Estate & Business News – February 1, 2023
Report: CRE Leaders Slightly More Optimistic About 2023 Than Business Other Leaders Commercial real estate professionals are anticipating a recession in 2023. Yet in comparison with other industry leaders, they’re slightly more optimistic about the coming year, according to JPMorgan Chase’s Business Leaders Outlook…» New Avenues Open for Brick-and-Mortar Retail With Class B and C […]
Commercial Real Estate & Business News – January 31, 2023
2023 Unlikely to Bring a Large Wave of CRE Distress, Predicts Walker & Dunlop Exec Commercial real estate investment sales have already been trending down for some time, with higher interest rates creating uncertainty about the future direction of property values. In the fourth quarter of 2022, overall investment sales volume…» Are Industrial Construction Costs […]
Commercial Real Estate & Business News – January 30, 2023
ViaWest and Willmeng Break Ground on Sub-Zero Industrial Project ViaWest Group, a Phoenix-based, full-service commercial real estate firm, began work in Goodyear on the latest Valley location for the Sub-Zero Group, Inc., which, at completion, will total more than one million square feet of manufacturing space in…» Sprouts, Fry’s to Open New Grocery Stores in […]
Commercial Real Estate & Business News – January 27, 2023
U.S. GDP Rose 2.9% in the Fourth Quarter, More Than Expected Even as Recession Fears Loom The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose…» […]
Commercial Real Estate & Business News – January 26, 2023
Retail REITs as Wall Street Darlings? Plus Conversions to Self-Storage, Sunbelt Investment and Retailer Fears Retail REITs logged higher returns for their investors in the fourth quarter of 2022 than did REITs in other property types, according to credit rating agency S&P Global. Retail REIT returns averaged 18.4% in the fourth quarter, compared with the…» […]
Commercial Real Estate & Business News – January 25, 2023
Developers Close on Metrocenter Mall in Phoenix With $850M Redevelopment Set to Begin PHOENIX — Developers have closed on the purchase of Metrocenter Mall in Phoenix with $850 million redevelopment plans to begin immediately. Concord Wilshire Capital and TLG Investment Partners, in partnership with…» P&G Buys Site for Phoenix-Area Factory Procter & Gamble Co. has […]