Commercial Real Estate & Business News October 22, 2019
Surge in Valley Job Growth Fuels Office Demand in Q3, Report Says Since July, more than 14,000 new jobs have been announced in the Valley, fueling demand for office space in submarkets that already were some of the area’s hottest. About 40% of the new jobs announced during the quarter will be concentrated in Scottsdale and […]
Commercial Real Estate & Business News October 22, 2019
Commercial Real Estate Gets More Positive Outlook in Latest NAIOP Survey Real estate investors, developers and brokers have higher expectations that commercial property markets will improve over the coming year than they did in March, according to a closely watched survey by national trade organization NAIOP. For the first time since the survey began in March […]
Commercial Real Estate & Business News October 21, 2019
Phoenix-Area Office Building Tops Off Ryan Cos. US and University Realty have topped off 777 Tower at Novus, a 160,000-square-foot office building under construction on the Arizona State University campus in Tempe, Ariz. The developers completed the building structure, concrete work and dry utilities, while the metal panel installation and interior lobby works are scheduled to […]
Commercial Real Estate & Business News October 18, 2019
U.S. Retail Construction Levels Remain Well Below Pre-Recession Levels With the continued barrage of retail bankruptcies, stores closures, repositionings and rightsizings of store fleets-and the fact that many experts say the U.S. is over-retailed-it probably comes as no surprise that retail construction levels remain well below pre-recession levels. “Another factor is with some of these larger […]
Commercial Real Estate & Business News October 17, 2019
5 Forces Directing CRE Capital Flows These are interesting times for the real estate capital markets. Despite the growing wall of money dedicated to property investments and the decreased cost of borrowing, transactions have slowed down. A panel of experts at the New York University Schack Institute’s annual Women in Real Estate Symposium discussed the key […]
Commercial Real Estate & Business News October 16, 2019
Few Economists See Downturn Despite Waning Growth Outlook Despite slowly waning GDP and employment growth, and frequent financial market volatility stemming from slowing global growth and the “As the World Turns” trade negotiations between the U.S. and China, most economists at last week’s National Association of Business Economists (NABE) meeting in Denver were sanguine about the […]