Commercial Real Estate & Business News – January 2, 2025
What to Watch for in 2025: Office Demolitions to Accelerate As the office sector emerges from a generational shock to overall demand, many buildings that once buzzed with activity now struggle to attract occupants. The large amount of office space no longer considered competitive has led some observers to suggest that the sector is not […]
Commercial Real Estate & Business News – December 31, 2024
2024 Employment Picture From November 2023 to November 2024, the total number of jobs decreased by 693,000, marking a 0.42 percent decline in total hires. Within the same timeframe, the total number of unemployed grew by 881,000, marking a 15.1 percent uptick in job losses…» Cavasson Keeps Growing Near Axon Remember all those 1950s sci-fi […]
Commercial Real Estate & Business News – December 30, 2024
Council Approves Long-Bashed Mercado Village Project And the “If At First You Don’t Succeed Award” goes to … If there was such an award in Scottsdale, few could argue it going to Mercado Village. By a 6-1 vote Dec. 4, City Council gave the project on Shea Boulevard and 92nd Street – across from HonorHealth […]
Commercial Real Estate & Business News – December 23, 2024
Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers The CRE industry has been monitoring bank lending — particularly delinquencies, net charge-offs, and criticized loans. While all are important, it’s worthwhile to examine originations. They seem on the mend. Trepp looked at trends in its Trepp’s Anonymized Loan-Level…» Only […]
Commercial Real Estate & Business News – December 20, 2024
Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers The shocking strength of the economy helps explain the Federal Reserve’s Scrooge-like plans for interest-rate cuts next year. And the latest update on GDP over the summer offers another reminder. The U.S. economy expanded at a frothy 3.1% annual pace […]
Commercial Real Estate & Business News – December 19, 2024
Fed cuts key interest rate but signals elevated inflation is likely to persist The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep what appears to be a steady but cooling economy stable. The move, the Fed’s third rate cut of the year, reduces the central bank’s target […]