Commercial Real Estate & Business News August 30, 2019
The Retail Apocalypse Isn’t What You Think it is When well-known retailers close large numbers of stores, it makes us take notice. Parents couldn’t miss it when Toys R Us went bankrupt. Whether or not you’ve shopped at a Sears lately, you certainly know it has shrunk massively and that J.C. Penney, Barney’s, and other stalwart […]
Commercial Real Estate & Business News August 29, 2019
The Open Office Concept Is Beginning to Show its Limitations More than anything else, office tenants want to attract and retain the right talent and are willing to pay a rent premium for office space attractive to younger workers. The open office concept has been touted as the answer, with claims that it provides collaborative, amenity-rich […]
Commercial Real Estate & Business News August 28, 2019
Construction Starts Up 2% in July At a seasonally adjusted annual rate of $849.6 billion, new construction starts in July advanced 2% from the previous month, according to Dodge Data & Analytics. This marked the third consecutive monthly increase for total construction starts, following gains of 10% in May and 9% in June. By major sector, […]
Commercial Real Estate & Business News August 27, 2019
Valley Apartment Deals Approach $4B During First Half of 2019 During the first half of 2019, investors paid $3.82 billion for 221 apartment communities across the Valley, according to research compiled by Vizzda LLC for the Phoenix Business Journal. That’s up from 198 properties sold for $2.98 billion during the same period in 2018, according to […]
Commercial Real Estate & Business News August 26, 2019
Yield Curve Inversion Might Be a Good Thing for CRE Investors The yield curve inversion can help borrowers in the commercial real estate industry, some industry sources say. The yield on the benchmark 10-year Treasury note dipped below the 2-year rate for a brief period on August 14 for the first time since 2007, causing fears […]
Commercial Real Estate & Business News August 23, 2019
Fed Minutes Show More Rate Cuts Likely Through 2020 The Federal Reserve released the minutes Wednesday from its July Federal Open Markets Committee meeting, showing that more rate cuts are likely through the end of 2020. At the end of its most recent July meeting, the Federal Reserve cut its benchmark rate by a quarter percentage […]