Commercial Real Estate & Business News March 8, 2019
Recession? What Recession? Market is Almost Unrecognizable from a Decade AgoWe didn’t know it at the time, but 10 years ago this week, things started looking up. On March 9, 2009, the S&P 500 closed at 676.53, the lowest point it hit over the course of the Great Recession. Today, the index stands at around […]
Commercial Real Estate & Business News March 7, 2019
Arizona’s Economy, Population Growth and Jobs Expected to Continue Outpacing U.S. AveragesWith continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum. […]
Commercial Real Estate & Business News March 6, 2019
Retail Leaders Doubling Down on Brick-and-Mortar-For Good ReasonThe future of retail lies in its past: brick-and-mortar stores. And the future is as bright as ever. Retailers around the world are stepping up their data analytics game in the physical shopping realm, leveraging new technologies such as AI, cloud and robotics to not just enrich the […]
Commercial Real Estate & Business News March 5, 2019
Senior Living Campus Breaks Ground on $260M Redevelopment ProjectBeatitudes Campus is embarking on a $260 million redevelopment plan that will make it the largest life plan community in Arizona when completed. While the campus will include rental units, it also will continue to offer life plans, which are insurance contracts overseen by the Arizona Department […]
Commercial Real Estate & Business News March 4, 2019
Office Sales Dropped Off in January on Market Volatility, But Are Expected to Pick Up PaceMarket volatility in the fourth quarter of 2018 led to a sharp drop-off in investment sales in the office sector in January, according to the most recent report from research firm Real Capital Analytics (RCA). Office sales volume declined by […]
Commercial Real Estate & Business News March 1, 2019
CMBS 30+s Day Delinquency Rate Fell to 3.11% in DecemberRecent reports from research firm Trepp and ratings agency Fitch show that CMBS delinquencies noticeably improved at the end of 2018. In December, the most recent period for which data is available, the 30+ day delinquency rate for all commercial property types dropped to 3.11 percent, […]