Commercial Real Estate & Business News – September 16, 2024
NY investor sells Phoenix apartments for record price New York-based Clarion Partners just sold a 497-unit Valley apartment community for $187.5 million, according to Tempe-based Vizzda LLC — nearly three times its $64.25 million purchase price in July 2004. The deal represents the largest single asset multifamily sale in Arizona so…» What’s next for Steward hospitals in Arizona? […]
Commercial Real Estate & Business News – September 13, 2024
U.S. Labor Market, CRE Still on Track for Fed Soft Landing Assessing the overall health of the economy and its impact on the commercial real estate sector is all about perspective for John Chang, senior VP of research services at Marcus & Millichap. In a recent market update from the firm, Chang argued that…» Phoenix […]
Commercial Real Estate & Business News – September 12, 2024
Multibillion-dollar semiconductor project proposed in Peoria Another multibillion-dollar semiconductor manufacturing plant is being proposed in Arizona. Phoenix-based Hyperion Technologies Inc., a newly formed company, is planning to establish a West Valley manufacturing plant for high-density interconnect substrates, which support the functionality of…» Inflation Comes in Under Expectations at 2.5% The Consumer Price Index increased month […]
Commercial Real Estate & Business News – September 11, 2024
Institutional Money Heads Back to CRE Investing Says PGIM Real Estate Head For the last two years, the CRE markets have wondered when the big money — the reported huge amounts of capital sitting on the sideline — would re-enter. Well, we might have our answer now. Head of U.S. equity at PGIM Real […]
Commercial Real Estate & Business News – September 10, 2024
Big Lots files Chapter 11, agrees to $620 million sale to Nexus Capital Closeout retailer Big Lots has struck a deal to be acquired by private equity firm Nexus Capital Management for $620 million as part of its bankruptcy proceeding and plans to move forward with a store footprint that’s “more focused.” The Columbus, Ohio-based […]
Commercial Real Estate & Business News – September 9, 2024
Fed’s Waller, Williams Signal Upcoming Rate Cut Following a weaker-than-expected jobs report, two Federal Reserve policymakers on Friday said separately that the time has arrived to begin lowering the benchmark federal funds rate. Federal Reserve Governor Christopher Waller and New York Federal Reserve President…» CRE Prices Are Stabilizing The commercial real estate sector remains for […]