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 […]
Commercial Real Estate & Business News May 28, 2019
Optima Sonoran Village Announces Opening of Final Tower Optima Sonoran Village, known for its luxurious high-rise living spaces, award-winning architecture and world-class amenities, has opened its fifth and final tower.Located on the Southeast corner of 68th Street and Camelback Road, the final phase of Optima Sonoran Village features 176 residences across seven stories including one-, two-, […]
Commercial Real Estate & Business News May 24, 2019
South And West Continue Rapid Growth, According To New Population Data The Southern and Western regions of the United States continued to have the nation’s fastest-growing cities between 2017 and 2018, according to new population estimates for cities and towns released Thursday. New York still leads all American cities with 8.4 million residents. But as NPR’s […]
Commercial Real Estate & Business News May 23, 2019
No More Separating Online From Offline Sales The net result of the trend toward omnichannel retailing is going to be ‘less is more’. So says Nick Garzia, director of leasing in the Southeast, at Hines Retail. He tells GlobeSt.com that retailers will need fewer stores per market than they used to, but they will need to […]
Commercial Real Estate & Business News May 22, 2019
Adding New Uses a Profitable Proposition, Developers Say at RECon As the costs of land, labor and construction rise, more developers are focusing on upgrades to existing properties than they are on seeking ground-up developments or value-added centers, executives said at a RECon panel discussion. “It’s been hard to make deals economical if we can’t get […]