Commercial Real Estate & Business News November 14, 2019
Exclusive Research: Light at the End of the Tunnel? In a seemingly interminable procession, one venerable retail chain after another shuts down stores, restructures under bankruptcy protection or closes shop entirely. (In some cases, it’s been all of the above.) Retail real estate owners and managers have struggled to cope. They scramble to restructure leases or […]
Commercial Real Estate & Business News November 13, 2019
This Year Could Break a Record for Multifamily Sales Volume Despite concerns about potentially slowing economic growth and new rent control laws around the country, investors continue to go after apartment properties. The volume of U.S. multifamily acquisitions in the first nine months of 2019 was higher than during any other comparable period since this expansion […]
Commercial Real Estate & Business News November 12, 2019
Arizona Ranked No. 1 Inbound State in the Nation A recent American Enterprise Institute (AEI) comparison ranked Arizona the number one inbound state in the nation. The inbound-outbound ranking is determined by the percentage of people moving to the state versus those leaving in 2018 based on Census Bureau data. The comparison also reviewed indicators related […]
Commercial Real Estate & Business News November 8, 2019
Low U.S. Interest Rates Are Fueling a Bubble in Commercial Real Estate At their October meeting, Federal Reserve officials once again cut interest rates. The central benchmark rate fell from 1.75 percent to 1.50 percent. The 180-degree interest rate turn continues. It seems like a lifetime, but only a year ago, the Fed indicated rates would […]
Commercial Real Estate & Business News November 7, 2019
Construction Materials Costs Are Expected to Rise The prices of many construction materials may rise again in 2020. “I think the lull in materials cost increases is close to ending,” says Ken Simonson, chief economist for the Associated General Contractors of America (AGC). Despite trade tensions between the U.S. and nearly all of its major trading […]
Commercial Real Estate & Business News November 6, 2019
Nonresidential Construction Continues to Add Jobs The construction industry added 10,000 net new jobs in October, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 148,000 jobs or 2%. Nonresidential construction employment increased by 4,000 jobs on […]