Commercial Real Estate & Business News September 19, 2019
Phoenix Among US Cities Adding the Most Million-Dollar Businesses Phoenix is seeing its share of million-dollar companies grow, according to a recent report from LendingTree. From 2014 to 2016, the Valley saw its percentage of companies with revenue of at least $1 million climb 6.2%. That represents the addition of 1,211 businesses with revenue in seven […]
Commercial Real Estate & Business News September 18, 2019
Big or Small? Retailers Take Different Tacks on Store Size In a rapidly changing retail environment, one of the challenges for operators is defining the size of their new stores. At the Groceryshop event in Las Vegas, two of the industry’s leaders offered different takes on the age-old question “Does size matter?” in a session titled […]
Commercial Real Estate & Business News September 17, 2019
Phoenix Emerges as Leading Market for Logistics Investment US gateway markets are no longer top targets for investment. According to a recent report from CBRE, there are plenty of industrial and logistics options outside of the gateway markets, and the report names the top 14, including Reno, Greenville-Spartanburg and Salt Lake City. Unsurprisingly, considering its recent […]
Commercial Real Estate & Business News September 16, 2019
Industrial Outlook Calls for Steady Growth in 2020 Despite concerns about the long-term impact of tariffs and the potential for an economic downturn, the outlook for the U.S. industrial sector heading into 2020 remains positive, according to industry executives who spoke at the recent Avison Young U.S. Industrial Summit in Chicago. The sector experts cited low […]
Commercial Real Estate & Business News September 13, 2019
Blackstone Creates Largest Real Estate Fund in History, Raising More Than $20 Billion Private equity firm Blackstone Group pulled in $20.5 billion of total capital commitments, $5 billion more than its original target, to make its latest global real estate investment fund the largest of its kind ever created as investors wondering how long the record […]
Commercial Real Estate & Business News September 12, 2019
Lenders Won’t Cover Rising Construction Costs on Multifamily Projects Low interest rates are not enough to make up for the rising cost of construction on new apartment building projects. “The drop in interest rates will not make a bad project look good,” says Matthew Swerdlow, director of capital services for Ariel Property Advisors, a real estate […]