Commercial Real Estate & Business News May 8, 2019
Multifamily Borrowers Still Have Lots of Options for Constructions Financing Investors can still find the financing they need to develop apartment properties.”If you can get a site to build, there are people who would love to lend on it,” says Bill Leffler, vice president in the multi-housing group of real estate services firm CBRE. Interest rates […]
Commercial Real Estate & Business News May 7, 2019
Construction Job Boom Continues in State The state’s seasonally adjusted jobless rate ticked down a tenth of a point in March in what, by all indications, was a pretty unremarkable report. On one hand the state’s construction industry continues to boom, adding 2,800 jobs last month and 16,700 in the past year. That latter figure was […]
Commercial Real Estate & Business News May 6, 2019
Economy Added 263,000 Jobs in April, Unemployment Falls to 3.6%, New 50-Year Low Hiring was strong for the second straight month in April and unemployment fell to a new 50-year low, easing concerns that a slowing global and U.S. economy could dampen job growth. Employers added a booming 263,000 jobs, the Labor Department said Friday, beating […]
Commercial Real Estate & Business News May 3, 2019
Arizona Ranks 4th in the Nation for GDP Growth According to data released today by the U.S. Bureau of Economic Analysis, Arizona’s real gross domestic product (GDP) increased by four percent in 2018, the fourth fastest growth rate in the nation. Arizona’s GDP growth outpaced that of 46 other states including California (3.5%), Florida (3.5%), and […]
Commercial Real Estate & Business News May 2, 2019
Fed Holds Interest Rates Steady, Ignoring Trump – Again The Federal Reserve held interest rates steady on Wednesday for the third time this year, ignoring calls from President Donald Trump to slash rates by as much as one full percentage point in order to further boost the economy. “We have the potential to go up like […]
Commercial Real Estate & Business News May 1, 2019
Here’s Why More Millennials are Moving to Phoenix Great homes. Great companies. Plenty of tasty restaurants and luxurious resorts. Add in the affordable cost of living, vast employment opportunities and rapidly growing infrastructure, all of which make the Phoenix-Metro area a thriving hub for living, working and entertaining – and add to its appeal as a […]