Commercial Real Estate & Business News – April 13, 2021
Powell Says ‘It will be a while’ Before Fed Taps the Brakes on Economy Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t expect the central banks to start raising interest rates as a result. Asked by CBS News’ […]
Commercial Real Estate & Business News – April 12, 2021
The Economy is on the Cusp of a Major Boom and Economists Believe it Could Last The economy has entered a period of supercharged growth, and instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023. Economists now expect the second quarter to grow at a pace of […]
Nick’s Nook
Commercial Real Estate & Business News – April 9, 2021
$14M Transformation of Hayden Station on Mill Ave. is Coming Phoenix-based developer George Oliver has announced plans for its next Arizona experiential office transformation: the five-building Hayden Station mixed-use office campus, located on the southwest corner of Mill Avenue and Third Street in the heart of downtown Tempe. Built in 1986, Hayden Station has,…» What […]
Commercial Real Estate & Business News – April 8, 2021
Phoenix Market Ranks No. 3 for Year-over-year Rent Growth Rents are on the rise across the country, and that’s a positive indicator for the industry and the economy at large, reports Yardi Matrix. Multifamily rents increased by 0.6% on a year-over-year basis in March, with the national average rising by $6 to $1,407. “Nationally,…» Fry’s […]
Commercial Real Estate & Business News – April 6, 2021
Net Lease Cap Rates Hit Historic Lows In the first quarter, the single-tenant net lease sector reached historic lows for the retail and industrial sectors, according to new research from The Boulder Group. In Q1, single-tenant retail cap rates compressed by nine basis points to 5.91%. Industrial cap rates fell…» KB Home Buys 109 Acres […]