Commercial Real Estate & Business News – July 16, 2024
NRF: June sees moderate rise in retail sales Retail sales increased in June compared to last year, signaling that the economy is “still solid” and that inflation is cooling. Core retail sales (excluding restaurants, automobiles and gasoline) rose 0.3% month-over-month in June and were up 3.07% year-over-year, according to the CNBC/NRF Retail Monitor…» Virgin Galactic completes […]
Commercial Real Estate & Business News – July 15, 2024
Fed’s Daly says U.S. economic data now justify an interest-rate cut San Francisco Federal Reserve Bank President Mary Daly said Thursday that she now supports cutting interest rates. “With the information we have received today, which includes data on employment, inflation, [gross domestic product] growth and the outlook for the economy, I see it as likely […]
Commercial Real Estate & Business News – July 12, 2024
Index Shows Momentum is Building for CRE The CRE market appears to be moving forward “slowly and cautiously,” according to the LightBox Monthly CRE Activity Index, which rose in June for the fourth consecutive month. The index is intended to help participants identify inflection points in the market on the aggregate …» The U.S. is winning […]
Commercial Real Estate & Business News – July 11, 2024
Phoenix breaks San Francisco’s monopoly, grabs major semiconductor-industry trade show Semiconductor manufacturing is on a roll, and Arizona is grabbing a significant piece of that vital industry along with national recognition of its role. The latest indication: A major industry trade show will be held in Phoenix on a rotating basis starting in 2025, after […]
Commercial Real Estate & Business News – July 10, 2024
Stability Starts to Emerge in Commercial Real Estate The commercial real estate industry has been trying to sort out, and lobby for, where things are going. Goldman Sachs said office markets, maybe the most rattled part of CRE, have bottomed. Price increases could also indicate the start of a bottom according to a CoStar report. Then again, private CRE …» U.S. […]
Commercial Real Estate & Business News – July 9, 2024
Retail Remains Red-Hot In The Post-Pandemic Recovery The Metro Phoenix retail sector has seen a spectacular recovery since the pandemic, with Avison Young’s First Quarter 2024 Phoenix Retail Market Report stating that “since Q4 2020, Phoenix has rebounded, creating a national leading market with demand surpassing availability.” More than 1 million …» Sen. Mark Kelly Touts National […]