Commercial Real Estate & Business News – November 8, 2024
Fed Cuts Another 25 Basis Points The Federal Reserve’s Federal Open Market Committee cut another 25 basis points from the benchmark federal funds rate today as many expected. LPL Financial Chief Economist Jeffrey Roach in an emailed statement called the move “widely expected and well-choreographed.” A bonus is a slight move…» Developer breaks ground on […]
Commercial Real Estate & Business News – November 8, 2024
Phoenix’s available retail space over-indexes to older buildings and lower-income areas The Phoenix retail market is near the tightest level in recent memory as strong demographics, healthy income growth and steady job gains fuel robust underlying tenant demand. These drivers, along with minimal supply additions, have compressed the availability rate for existing…» Lego signs big […]
Commercial Real Estate & Business News – November 7, 2024
Five Top CRE Investment Markets Which cities offer the best opportunities for investors? The answers have shifted in the past year, according to PWC and the Urban Land Institute’s latest report on emerging trends in real estate in 2025. It is based on interviews and survey responses from almost 2,000 industry…» Prominent Valley apartment owner […]
Commercial Real Estate & Business News – November 6, 2024
CRE Posts Sizeable Gains in Q3 The commercial real estate market has continued to show signs of recovery for the third quarter as sales volumes across most asset classes either grew or stabilized. According to a new report from Colliers, sales in the third quarter held steady year-over-year and increased over the second quarter, marking […]
Commercial Real Estate & Business News – November 4, 2024
The Return to Normalcy: CRE’s Path Forward in 2025 The 46th edition of PWC and the Urban Land Institute’s report on emerging trends in real estate depicts an industry that is slowly returning to some form of normality after the sharp jolts and shifts in usage brought on by the Covid pandemic. “Investors’ focus is […]
Commercial Real Estate & Business News – November 1, 2024
Global Returns on Real Estate Turn Positive for First Time in Two Years Global returns on real estate turned positive in the second quarter of 2024 for the first time in two years, Nuveen said in a new report, as income returns mitigated value losses. This suggests “a budding recovery in the asset class,” wrote […]