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Tuesday, November 10, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.98%+10 bpAs of Nov 10 5-year Treasury4.81%+14 bpAs of Nov 10 SOFR3.88%-1 bpAs of Nov 9 Effective Fed funds3.88%UnchangedAs of Nov 9

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New YorkJobs YoY +0.2%Unemployment 4.3%FloridaJobs YoY +0.6%Unemployment 4.4%TexasJobs YoY +1.1%Unemployment 4.4%CaliforniaJobs YoY +0.7%Unemployment 5.1%New JerseyJobs YoY +0.1%Unemployment 4.2%North CarolinaJobs YoY +1.3%Unemployment 3.4%AlabamaJobs YoY +1.0%Unemployment 3.5%AlaskaJobs YoY +1.2%Unemployment 4.3%ArizonaJobs YoY +0.6%Unemployment 4.9%ArkansasJobs YoY +0.9%Unemployment 3.9%ColoradoJobs YoY +0.4%Unemployment 4.1%ConnecticutJobs YoY +0.9%Unemployment 5.1%DelawareJobs YoY +0.3%Unemployment 4.6%District of ColumbiaJobs YoY -3.5%Unemployment 5.6%GeorgiaJobs YoY 0.0%Unemployment 3.3%HawaiiJobs YoY +0.1%Unemployment 2.8%IdahoJobs YoY +1.0%Unemployment 3.6%IllinoisJobs YoY +0.2%Unemployment 4.6%IndianaJobs YoY -0.4%Unemployment 3.4%IowaJobs YoY +0.3%Unemployment 3.2%KansasJobs YoY +0.3%Unemployment 3.8%KentuckyJobs YoY 0.0%Unemployment 4.7%LouisianaJobs YoY +1.8%Unemployment 4.0%MaineJobs YoY +0.1%Unemployment 3.3%MarylandJobs YoY -0.5%Unemployment 3.9%MassachusettsJobs YoY +0.4%Unemployment 4.3%MichiganJobs YoY 0.0%Unemployment 5.0%MinnesotaJobs YoY +1.2%Unemployment 4.5%MississippiJobs YoY +0.6%Unemployment 3.3%MissouriJobs YoY +1.0%Unemployment 3.6%MontanaJobs YoY -1.0%Unemployment 3.1%NebraskaJobs YoY +0.4%Unemployment 2.9%NevadaJobs YoY +1.6%Unemployment 4.7%New HampshireJobs YoY +0.3%Unemployment 2.6%New MexicoJobs YoY +1.3%Unemployment 4.7%North DakotaJobs YoY +0.2%Unemployment 2.2%OhioJobs YoY +0.3%Unemployment 3.4%OklahomaJobs YoY +0.8%Unemployment 4.2%OregonJobs YoY -0.1%Unemployment 5.0%PennsylvaniaJobs YoY +0.7%Unemployment 3.6%Rhode IslandJobs YoY -0.1%Unemployment 3.6%South CarolinaJobs YoY +2.3%Unemployment 4.0%South DakotaJobs YoY +0.4%Unemployment 2.0%TennesseeJobs YoY +0.8%Unemployment 3.4%UtahJobs YoY +1.5%Unemployment 3.5%VermontJobs YoY -0.1%Unemployment 2.6%VirginiaJobs YoY -0.6%Unemployment 3.6%WashingtonJobs YoY +0.7%Unemployment 4.8%West VirginiaJobs YoY 0.0%Unemployment 4.0%WisconsinJobs YoY +0.4%Unemployment 3.2%WyomingJobs YoY +0.9%Unemployment 3.0%

Retail acquisition / NEWS

PREP buys Promenade at Casa Grande

The acquisition of the Arizona shopping center was announced Nov. 9; the purchase terms and exact closing date were not disclosed.

Adrian ColeInvestment SalesNovember 10, 2026 · 2 min read

The Promenade at Casa Grande at Interstate 10 and Florence Boulevard, in USDA aerial photography acquired September 15, 2023. — The Promenade at Casa Grande at Interstate 10 and Florence Boulevard, in USDA aerial photography acquired September 15, 2023. Photo: USDA NAIP / USGS The National Map · Public domain (USDA NAIP). Natural-color USDA aerial photograph cropped to mapped area and exported from USGS.

Acquisition and property

PREP Property Group has acquired Promenade at Casa Grande, a regional shopping center in Casa Grande, Arizona. The company announced the acquisition on Nov. 9, 2026; REBusinessOnline reported the following day that PREP had purchased the property. PREP Property Group Acquires Promenade at Casa Grande in; PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in Arizona - REBusi

The acquisition terms were not released, according to REBusinessOnline. Neither the company's announcement nor the subsequent report specified a seller or an exact closing date. The Nov. 9 date is the announcement date, not an identified date for the transfer. PREP Property Group Acquires Promenade at Casa Grande in; PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in Arizona - REBusi

PREP puts the center's size at approximately 480,000 square feet. The property sits at the northeast corner of Interstate 10 and Florence Boulevard, on the corridor between Phoenix and Tucson. REBusinessOnline places Casa Grande approximately 50 miles south of Phoenix. PREP Property Group Acquires Promenade at Casa Grande in; PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in Arizona - REBusi

Buyer strategy

Lloyd Sova, PREP's vice president of development and acquisitions, said in the announcement that the company sees opportunities to apply its leasing, merchandising, operational and redevelopment experience at the center. The announcement did not provide a specific redevelopment plan or timetable. PREP Property Group Acquires Promenade at Casa Grande in

PREP describes itself as a retail real estate investment company specializing in open-air, grocery-anchored and net-lease properties. It was founded by Michael C. Phillips, the founder and former CEO of Phillips Edison & Company, according to PREP's announcement. PREP Property Group Acquires Promenade at Casa Grande in

Acquisitions Shopping centers Retail