Commercial Real Estate & Business News September 26, 2019
Arizona Adds Record Number of Jobs in 2019 The national economy has been expanding for a record number of years now, hitting the 10-year mark just a couple months ago. And with that, the Arizona economy has had trickle-down economic growth of its own. As of late August, the public can realize the full, quantified extent […]
Commercial Real Estate & Business News September 25, 2019
Foreign Investors Ramp Up Multifamily Acquisitions Foreign investors continue to spend money on apartment properties in the U.S., even while they may be slowing down on purchases of assets in other sectors. In the second quarter, cross-border investors became net sellers of U.S. commercial real estate overall for the first time in seven years, according to […]
Commercial Real Estate & Business News September 24, 2019
U.S. Household Net Worth Increases $1.8 Trillion U.S. household wealth kept rising in the second quarter, though at a slower pace than at the start of the year, as the stock market hit fresh highs and home-price gains remained intact. Net worth for households and non-profit groups increased $1.83 trillion, or 1.6%, to $113.5 trillion after […]
Commercial Real Estate & Business News September 23, 2019
ULI, PwC Emerging Trends Report Forecasts Continued Strength in CRE in 2020 The commercial real estate market remains strong, despite talk of an approaching recession, according to an Emerging Trends in Real Estate 2020 report produced by the Urban Land Institute (ULI) and consulting firm PwC and released at this week’s ULI fall meeting. “Real estate […]
Commercial Real Estate & Business News September 20, 2019
The U.S. Commercial Real Estate Market Remains Strong Despite Global Economic Concerns Ten years since the economic expansion started after the Great Recession, commercial real estate remains strong. Many real estate professionals and investors expected markets, including real estate, to contract sooner, entering hyper-supply. At the 2015 CCIM Institute’s annual conference Sam Zell, the founder and […]
Commercial Real Estate & Business News September 19, 2019
Phoenix Among US Cities Adding the Most Million-Dollar Businesses Phoenix is seeing its share of million-dollar companies grow, according to a recent report from LendingTree. From 2014 to 2016, the Valley saw its percentage of companies with revenue of at least $1 million climb 6.2%. That represents the addition of 1,211 businesses with revenue in seven […]