Commercial Real Estate & Business News June 5, 2019
U.S. Economic Expansion Has Clear Runway to 2021, Says Wells Fargo Economist The current U.S. economic expansion – 120 months and counting – is poised to become the longest in modern U.S. history come July. Mark Vitner, senior economist at Wells Fargo Securities, says the runway is clear for additional growth until at least 2021 before […]
Commercial Real Estate & Business News June 4, 2019
Census Reveals The Fastest-Growing Cities In The U.S.: Here’s Why Phoenix Is So Hot A business-friendly environment, plentiful job opportunities and affordable cost of living have pushed Phoenix to the top of the list of the fastest-growing cities in the United States. Newly released Census data for city population growth shows that the South and West […]
Commercial Real Estate & Business News June 3, 2019
Healthcare Clinics Become Sought-After Tenants at Shopping Centers Expect to see more healthcare clinics in shopping centers, as landlords want to capture a piece of the growing healthcare industry to boost foot traffic and sales. Today’s healthcare services in retail locations typically provide basic treatments, such as eye care, vaccinations and flu shots, routine health exams, […]
Commercial Real Estate & Business News May 31, 2019
CMBS Delinquency Rate in April Posts Another Decline, Led by Retail-Backed Loans April, the most recent month for which data is available, showed a decline in the all-property 30+ days CMBS delinquency rate, according to both Trepp and Fitch Ratings. Trepp reported that the overall delinquency rate registered at 2.82 percent, six basis points down from […]
Commercial Real Estate & Business News May 30, 2019
Socially Focused Apartment Project Breaks Ground Near Downtown Phoenix As Vacancies Drop Developer Property Markets Group just broke ground on the first phase of a 20-story apartment, retail and office project in Phoenix, where increasing jobs are boosting the rental market and reducing vacancies. Property Markets said it is building the 616-bed property in two phases […]
Commercial Real Estate & Business News May 29, 2019
Current Economic Expansion Could Become Longest Yet, Says Nadji The reinvention of the retail sector now underway is getting a boost from a U.S. economic expansion that is nearly a decade old but which still has legs, says Hessam Nadji, president and CEO of brokerage services firm Marcus & Millichap. Meanwhile, demographic shifts have altered the […]