Commercial Real Estate & Business News – April 3, 2024
Scottsdale 101 Shopping Center Land Set for Auction to Highest Bidder The Scottsdale 101 shopping center, or rather the land on which the center was built, is heading for the auction block in June. The Arizona Land Department published an auction notice on March 21 that the 75 acres on the southwest corner of Scottsdale […]
Commercial Real Estate & Business News – April 2, 2024
With Arizona Layoffs Slowing, State’s Economic Outlook is Solid, Experts Say Arizona’s job market has been solid lately, and it’s showing up in fewer layoffs. Both the number and magnitude of major layoff announcements declined sharply in the first quarter of 2024 compared with the same three months of 2023. Some 21 employers reported layoffs […]
Commercial Real Estate & Business News – April 1, 2024
Private Cash Buyers Dominate Net Lease Are you a net lease investor with $5 million cash in your pocket? Then you’re golden in the current market. Right now the sector’s biggest problem is that there is a considerable amount of supply on the market and not enough buyers willing to invest at cap rates where […]
Commercial Real Estate & Business News – March 29, 2024
The Sweet 16 of US Retail Markets Square Off As the country’s top men’s and women’s college basketball teams compete to cut down the nets this month, CoStar is getting in on the madness with our inaugural CoStar Sweet 16 of U.S. retail markets. Here we pit the top areas for that property type across […]
Commercial Real Estate & Business News – March 28, 2024
Multifamily Investors Plan to Transact More Soon A robust 62% of multifamily investors expect to increase their purchasing activity from last year and 40% expect to sell more, according to CBRE’s 2024 Global Multifamily Investor Intentions Survey in late 2023 of 1,200 investors. And nearly half (47%) of multifamily investors…» Vacated Former Office Headquarters Transformed […]
Commercial Real Estate & Business News – March 25, 2024
Real Estate Unlikely a Systemic Problem for Banks, PNC CEO Says Troubled commercial real estate debt could lead to problems for some small lenders, but isn’t likely to be an issue for the broader US banking industry, said William Demchak, chief executive officer of PNC Financial Services Group Inc. Demchak, who leads one of the […]