CBRE: Construction Costs Could Jump 14%

CBRE, Dallas, said it expects U.S. construction costs to jump 14.1 percent year-over-year by year-end due to pressures including labor shortages, inflation, supply chain disruptions, pandemic reverberations and the war in Ukraine.

CBRE: Commercial Real Estate Lending Eases

CBRE, Dallas, said commercial real estate lending activity is easing amid heightened market volatility from rising inflation and interest rates.

CRE People in the News Aug. 4, 2022

JLL Capital Markets said Daniel Digerness joined the firm as a Director in its Phoenix office. He will focus on debt and equity advisory across all product types in Phoenix and the southwestern U.S.

CBRE: Hotel Market Sees 2023 Full Recovery

CBRE, Dallas, raised its hotel performance forecast based on first-quarter strength, slow construction activity, higher inflation and continued optimism about employment and economic growth.