JPMorgan Chase To Return to Higher Commercial Property Lending After slowing its commercial real estate loan growth during the COVID-19 outbreak, JPMorgan Chase is ready to scale back up.The nation’s largest bank holding company, with $3.2 trillion in assets, is seeing commercial real estate loan … [Read more...] about Commercial Real Estate & Business News – October 20, 2021

Why Phoenix is Expected to be a Top Real Estate Market to Watch in 2022 Phoenix was named among the top metros for real estate prospects in 2022, according to the 2022 Emerging Trends in Real Estate report, done by the Urban Land Institute and PwC US. Phoenix ranked third in the nation, behind … [Read more...] about Commercial Real Estate & Business News – October 19, 2021

SN Report: Retailers Optimistic About Center Store Sales in 2021 Although consumers are no longer engaging in the bulk shopping of the early pandemic, when center store products like household goods, paper products and shelf-stable grocery items were in high demand, current shopping behaviors … [Read more...] about Commercial Real Estate & Business News – October 18, 2021

Yardi: Asking Rents Rise 11.4% YOY, Monthly Growth Moderates Slightly at $16 Asking rents rose by 11.4% year over year at the national level in September, while the national average rent rose to an all-time high of $1,558, up $16 from August and 11.1% this year to date through three quarters. … [Read more...] about Commercial Real Estate & Business News – October 15, 2021

Kush: I Can’t Support Scottsdale’s General Plan Update During my many years of service on the Scottsdale Planning Commission, there were several meetings where city staff updated us on the progress of the revised general plan and asked us for our comments.City planning staff put in untold hours … [Read more...] about Commercial Real Estate & Business News – October 14, 2021

ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy gifts earlier, a development that would support retail … [Read more...] about Commercial Real Estate & Business News – October 13, 2021