GDP, Inflation Data Bolsters Case that Fed is Done Hiking Growth in the US economy continues to surprise to the upside while inflation declines. New data from the Bureau of Economic Analysis revealed the US economy grew at a 5.2% annualized pace in the third quarter, revised up from the 4.9% … [Read more...] about Commercial Real Estate & Business News – November 30, 2023

2024 PTK Spotlight: Team Eggman Every year, AZ Big Media, which publishes both PTK and AZRE magazines selects Arizona’s top people and projects to showcase in its premier commercial real estate magazine — PTK — from an impressive and competitive nomination pool. Each day we will highlight 20 … [Read more...] about Commercial Real Estate & Business News – November 29, 2023

US Black Friday Sales Rose 2.5% YoY, Extending 2022’s Double-Digit Growth Jewellery and apparel emerged as the top gift sectors of 24 November. On 24 November, US retail sales experienced a robust increase of 2.5% year-over-year (YoY), excluding automotive and not accounting for inflation. This … [Read more...] about Commercial Real Estate & Business News – November 28, 2023

What to Expect for Senior Housing in 2024 In the first installment of our outlook series, senior housing experts discuss trends and challenges for the year to come. Senior housing occupancy rates have been constantly improving over the past nine quarters, supported by strong demand and fairly … [Read more...] about Commercial Real Estate & Business News – November 27, 2023

Walmart Q3 Tops Estimates on Strong U.S. Sales; Strikes Cautious Note Walmart reported third-quarter earnings and revenue that topped expectations with growth across all segments. Grocery once again led U.S. sales. The retail giant also raised its annual outlook, although it came in slightly … [Read more...] about Commercial Real Estate & Business News – November 22, 2023

HonorHealth Breaks Ground on Medical Campus in Peoria HonorHealth, a leading Valley healthcare system serving more than five million people in the greater Phoenix area, broke ground today on their latest healthcare facility, HonorHealth Medical Campus at Peoria. The new HonorHealth Medical Campus … [Read more...] about Commercial Real Estate & Business News – November 21, 2023