Commercial Real Estate & Business News May 13, 2019
The Office Sector Got Off to a Good Start in the First Quarter. But New Deliveries Are a Worry U.S. office market performance in the first quarter of 2019 showed resilience, with roughly 14 million sq. ft. of absorption and dropping vacancy, despite increasingly cautious economic sentiment, reports real estate services firm JLL. Even with the […]
Commercial Real Estate & Business News May 9, 2019
Redfin Migration Report: Phoenix is the Top Destination, Particularly among Los Angelenos and People Looking to Leave Other Expensive, High-Tax Metros Twenty-five percent of Redfin.com home searchers looked to move to another metro area in the first quarter of 2019, compared to 23 percent during the same period last year. The national share of home-searchers looking […]
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 […]